Farmers & Merchants Bancorp (NASDAQ:FMAO) Share Price Passes Below 200-Day Moving Average of $31.44

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAOGet Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.44 and traded as low as $29.02. Farmers & Merchants Bancorp shares last traded at $29.33, with a volume of 6,554 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FMAO. Piper Sandler upgraded shares of Farmers & Merchants Bancorp from an “underweight” rating to a “neutral” rating and set a $27.00 target price for the company in a research note on Friday, October 21st. Stephens decreased their target price on shares of Farmers & Merchants Bancorp from $32.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, October 24th.

Farmers & Merchants Bancorp Stock Performance

The business’s 50-day moving average price is $28.01 and its 200-day moving average price is $31.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $399.18 million, a P/E ratio of 11.64 and a beta of 0.40.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Rating) last issued its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. Farmers & Merchants Bancorp had a net margin of 30.01% and a return on equity of 11.87%. The firm had revenue of $26.32 million during the quarter, compared to the consensus estimate of $26.50 million. As a group, sell-side analysts expect that Farmers & Merchants Bancorp, Inc. will post 2.63 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 20th. Investors of record on Monday, September 26th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Friday, September 23rd. Farmers & Merchants Bancorp’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling at Farmers & Merchants Bancorp

In other news, Director David P. Vernon acquired 3,800 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Friday, September 16th. The shares were bought at an average cost of $26.72 per share, with a total value of $101,536.00. Following the transaction, the director now directly owns 41,920 shares of the company’s stock, valued at approximately $1,120,102.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Eugene N. Burkholder acquired 1,000 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Monday, August 29th. The shares were bought at an average cost of $29.33 per share, with a total value of $29,330.00. Following the transaction, the director now directly owns 17,069 shares of the company’s stock, valued at approximately $500,633.77. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David P. Vernon acquired 3,800 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Friday, September 16th. The stock was purchased at an average cost of $26.72 per share, for a total transaction of $101,536.00. Following the completion of the transaction, the director now directly owns 41,920 shares in the company, valued at $1,120,102.40. The disclosure for this purchase can be found here. Insiders purchased 6,275 shares of company stock valued at $170,311 in the last 90 days. Insiders own 8.06% of the company’s stock.

Institutional Trading of Farmers & Merchants Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its position in shares of Farmers & Merchants Bancorp by 5.7% during the second quarter. AE Wealth Management LLC now owns 19,899 shares of the financial services provider’s stock worth $660,000 after acquiring an additional 1,071 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Farmers & Merchants Bancorp by 47.6% during the first quarter. Qube Research & Technologies Ltd now owns 21,988 shares of the financial services provider’s stock worth $795,000 after acquiring an additional 7,092 shares during the period. Venture Visionary Partners LLC increased its position in shares of Farmers & Merchants Bancorp by 27.3% during the second quarter. Venture Visionary Partners LLC now owns 23,554 shares of the financial services provider’s stock worth $782,000 after acquiring an additional 5,054 shares during the period. Dorsey Wright & Associates purchased a new position in shares of Farmers & Merchants Bancorp during the second quarter worth approximately $36,000. Finally, Carnegie Capital Asset Management LLC increased its position in shares of Farmers & Merchants Bancorp by 5.5% during the second quarter. Carnegie Capital Asset Management LLC now owns 20,055 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 1,049 shares during the period. 24.15% of the stock is owned by hedge funds and other institutional investors.

Farmers & Merchants Bancorp Company Profile

(Get Rating)

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.

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