Farmers & Merchants Bancorp (NASDAQ:FMAO) Shares Pass Below Two Hundred Day Moving Average of $21.97

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.97 and traded as low as $18.35. Farmers & Merchants Bancorp shares last traded at $18.98, with a volume of 12,999 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FMAO shares. Piper Sandler downgraded shares of Farmers & Merchants Bancorp from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $23.50 in a research report on Thursday, July 27th. Stephens reiterated an “equal weight” rating and set a $24.00 target price on shares of Farmers & Merchants Bancorp in a research report on Tuesday, August 1st.

Farmers & Merchants Bancorp Stock Down 3.2 %

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.05. The stock’s 50-day moving average is $20.74 and its 200-day moving average is $21.97. The company has a market cap of $250.70 million, a price-to-earnings ratio of 8.67 and a beta of 0.44.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Farmers & Merchants Bancorp had a return on equity of 10.22% and a net margin of 20.91%. The business had revenue of $24.39 million for the quarter, compared to analyst estimates of $25.30 million. On average, analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.67 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, July 7th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, July 6th. This represents a $0.84 annualized dividend and a yield of 4.57%. Farmers & Merchants Bancorp’s payout ratio is 39.62%.

Insiders Place Their Bets

In other Farmers & Merchants Bancorp news, Director Steven J. Planson acquired 1,318 shares of the stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $19.75 per share, for a total transaction of $26,030.50. Following the completion of the acquisition, the director now owns 26,067 shares in the company, valued at approximately $514,823.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.76% of the company’s stock.

Institutional Trading of Farmers & Merchants Bancorp

Several institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of Farmers & Merchants Bancorp by 84.3% in the 2nd quarter. Osaic Holdings Inc. now owns 4,132 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 1,890 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Farmers & Merchants Bancorp by 34.4% in the 2nd quarter. Wells Fargo & Company MN now owns 11,201 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 2,865 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth $255,000. Perritt Capital Management Inc. bought a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth $113,000. Finally, State Street Corp grew its stake in shares of Farmers & Merchants Bancorp by 9.7% in the 2nd quarter. State Street Corp now owns 208,023 shares of the financial services provider’s stock worth $4,683,000 after acquiring an additional 18,361 shares in the last quarter. Institutional investors own 22.71% of the company’s stock.

Farmers & Merchants Bancorp Company Profile

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.