Farmers & Merchants Bancorp (NASDAQ:FMAO) Posts Earnings Results

Farmers & Merchants Bancorp (NASDAQ:FMAO) announced its earnings results on Wednesday. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04, Yahoo Finance reports. The business had revenue of $42.60 million during the quarter, compared to analysts’ expectations of $23.10 million. Farmers & Merchants Bancorp had a return on equity of 7.06% and a net margin of 13.34%.

Farmers & Merchants Bancorp Trading Down 0.6 %

Shares of Farmers & Merchants Bancorp stock opened at $21.79 on Friday. The firm has a market capitalization of $297.65 million, a price-to-earnings ratio of 13.70 and a beta of 0.62. Farmers & Merchants Bancorp has a fifty-two week low of $16.90 and a fifty-two week high of $27.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day moving average of $20.79 and a 200 day moving average of $21.05.

Farmers & Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 29th were given a $0.22 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.88 annualized dividend and a yield of 4.04%. Farmers & Merchants Bancorp’s payout ratio is 55.35%.

Wall Street Analyst Weigh In

Separately, Hovde Group started coverage on Farmers & Merchants Bancorp in a research report on Friday, April 5th. They issued a “market perform” rating and a $22.00 price target for the company.

Insider Buying and Selling

In other news, Director Jo Ellen Hornish purchased 3,594 shares of the stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of $20.56 per share, for a total transaction of $73,892.64. Following the completion of the transaction, the director now directly owns 40,000 shares in the company, valued at approximately $822,400. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 7.76% of the stock is currently owned by company insiders.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.