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2023-03-02 05:03
Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO – Get Rating) Director Eugene N. Burkholder bought 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 1st. The shares were acquired at an average price of $25.95 per share, with a total value of $51,900.00. Following the transaction, the director now directly owns 21,088 shares of the company's stock, valued at approximately $547,233.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ:FMAO traded up $0.26 on Wednesday, reaching $26.16. 3,847 shares of the company's stock were exchanged, compared to its average volume of 18,208. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.60. The business's 50-day moving average is $27.44 and its two-hundred day moving average is $28.04. Farmers & Merchants Bancorp, Inc. has a fifty-two week low of $24.99 and a fifty-two week high of $42.13. The firm has a market capitalization of $356.04 million, a price-to-earnings ratio of 10.56 and a beta of 0.40.
Get Farmers & Merchants Bancorp alerts:Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Rating) last posted its earnings results on Wednesday, February 8th. The financial services provider reported $0.65 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.04). The business had revenue of $26.70 million during the quarter, compared to analyst estimates of $27.80 million. Farmers & Merchants Bancorp had a net margin of 27.86% and a return on equity of 12.07%. As a group, equities research analysts forecast that Farmers & Merchants Bancorp, Inc. will post 2.32 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 20th. Shareholders of record on Friday, December 30th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, December 29th. Farmers & Merchants Bancorp's payout ratio is currently 34.15%.
Several equities research analysts have commented on FMAO shares. Stephens reiterated an "equal weight" rating and set a $29.00 price objective on shares of Farmers & Merchants Bancorp in a research note on Thursday, February 9th. Janney Montgomery Scott initiated coverage on Farmers & Merchants Bancorp in a report on Wednesday, December 21st. They set a "neutral" rating and a $30.00 price objective on the stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Farmers & Merchants Bancorp during the 3rd quarter worth $28,000. Lazard Asset Management LLC bought a new stake in shares of Farmers & Merchants Bancorp during the 4th quarter worth $28,000. Legal & General Group Plc bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter worth $37,000. Tower Research Capital LLC TRC boosted its stake in shares of Farmers & Merchants Bancorp by 88.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,135 shares of the financial services provider's stock worth $57,000 after acquiring an additional 1,000 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new stake in shares of Farmers & Merchants Bancorp during the 4th quarter worth $57,000. 22.38% of the stock is owned by institutional investors.
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Farmers & Merchants Bancorp, Inc operates as a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgage as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.
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