Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also assigned Farmers & Merchants Bancorp an industry rank of 96 out of 265 based on the ratings given to related companies.
Get Farmers & Merchants Bancorp alerts:A number of equities analysts have commented on the company. Boenning Scattergood reissued a “hold” rating on shares of Farmers & Merchants Bancorp in a report on Monday, April 30th. ValuEngine cut Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Zacks Investment Research raised Farmers & Merchants Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, April 18th.
In related news, Director Steven Everhart sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $42.21, for a total value of $84,420.00. Following the completion of the sale, the director now owns 19,580 shares of the company’s stock, valued at $826,471.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.51% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Farmers & Merchants Bancorp by 66.0% in the first quarter. Dimensional Fund Advisors LP now owns 10,672 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 4,244 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of Farmers & Merchants Bancorp in the first quarter valued at approximately $320,000. BlackRock Inc. increased its holdings in shares of Farmers & Merchants Bancorp by 2.0% in the first quarter. BlackRock Inc. now owns 400,820 shares of the financial services provider’s stock valued at $16,180,000 after purchasing an additional 7,773 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Farmers & Merchants Bancorp in the fourth quarter valued at approximately $163,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Farmers & Merchants Bancorp by 53.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,823 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 3,752 shares during the last quarter. 14.92% of the stock is owned by hedge funds and other institutional investors.
Shares of Farmers & Merchants Bancorp stock opened at $41.44 on Wednesday. Farmers & Merchants Bancorp has a 12 month low of $24.44 and a 12 month high of $46.00. The company has a market cap of $386.95 million, a price-to-earnings ratio of 30.03 and a beta of 0.06. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21.
Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its earnings results on Thursday, April 19th. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Farmers & Merchants Bancorp had a return on equity of 10.24% and a net margin of 25.55%. The business had revenue of $12.28 million during the quarter, compared to analysts’ expectations of $12.24 million. equities research analysts anticipate that Farmers & Merchants Bancorp will post 1.6 EPS for the current fiscal year.
About Farmers & Merchants Bancorp
Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking accounts; savings and time deposits, including certificates of deposits; and custodial services for individual retirement accounts and health savings accounts.
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