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2023-03-11 10:21
Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO – Get Rating) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.79 and traded as low as $23.93. Farmers & Merchants Bancorp shares last traded at $24.13, with a volume of 8,896 shares trading hands.
Several brokerages have commented on FMAO. Stephens reiterated an "equal weight" rating and set a $29.00 target price on shares of Farmers & Merchants Bancorp in a research note on Thursday, February 9th. Janney Montgomery Scott began coverage on Farmers & Merchants Bancorp in a research note on Wednesday, December 21st. They set a "neutral" rating and a $30.00 target price on the stock.
Get Farmers & Merchants Bancorp alerts:The firm has a fifty day moving average price of $27.03 and a two-hundred day moving average price of $27.75. The stock has a market capitalization of $308.67 million, a P/E ratio of 9.35 and a beta of 0.39. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 0.96.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The financial services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.04). The firm had revenue of $26.70 million for the quarter, compared to the consensus estimate of $27.80 million. Farmers & Merchants Bancorp had a net margin of 27.86% and a return on equity of 11.91%. As a group, analysts expect that Farmers & Merchants Bancorp, Inc. will post 2.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, December 30th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.70%. Farmers & Merchants Bancorp's payout ratio is 34.15%.
In related news, Director Eugene N. Burkholder bought 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 1st. The shares were bought at an average cost of $25.95 per share, with a total value of $51,900.00. Following the acquisition, the director now owns 21,088 shares in the company, valued at $547,233.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.06% of the company's stock.
A number of institutional investors have recently bought and sold shares of FMAO. Lazard Asset Management LLC bought a new stake in Farmers & Merchants Bancorp during the fourth quarter valued at about $28,000. Allspring Global Investments Holdings LLC bought a new stake in Farmers & Merchants Bancorp during the third quarter valued at about $28,000. Legal & General Group Plc bought a new stake in Farmers & Merchants Bancorp during the second quarter valued at about $37,000. Tower Research Capital LLC TRC raised its holdings in Farmers & Merchants Bancorp by 88.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,135 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 1,000 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in Farmers & Merchants Bancorp during the fourth quarter valued at about $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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