Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) EVP David R. Gerken Sells 656 Shares

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) EVP David R. Gerken sold 656 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.41, for a total transaction of $17,324.96. Following the transaction, the executive vice president now owns 4,745 shares in the company, valued at $125,315.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Farmers & Merchants Bancorp Stock Down 0.4 %

NASDAQ FMAO traded down $0.11 during mid-day trading on Monday, hitting $28.02. The company’s stock had a trading volume of 3,364 shares, compared to its average volume of 26,455. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The company’s 50 day simple moving average is $26.70 and its 200 day simple moving average is $24.05. Farmers & Merchants Bancorp, Inc. has a twelve month low of $16.90 and a twelve month high of $28.76. The firm has a market capitalization of $383.37 million, a price-to-earnings ratio of 17.69 and a beta of 0.63.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $44.83 million for the quarter, compared to analyst estimates of $24.39 million. Farmers & Merchants Bancorp had a net margin of 12.59% and a return on equity of 6.79%. Analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.59 earnings per share for the current year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, October 4th were given a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Friday, October 4th. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is currently 55.35%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several large investors have recently modified their holdings of FMAO. Vanguard Group Inc. lifted its stake in shares of Farmers & Merchants Bancorp by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 583,656 shares of the financial services provider’s stock valued at $13,010,000 after buying an additional 12,195 shares in the last quarter. Mendel Money Management boosted its holdings in shares of Farmers & Merchants Bancorp by 239.4% in the first quarter. Mendel Money Management now owns 144,753 shares of the financial services provider’s stock worth $3,227,000 after acquiring an additional 248,586 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Farmers & Merchants Bancorp by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 118,170 shares of the financial services provider’s stock valued at $2,744,000 after purchasing an additional 12,223 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Farmers & Merchants Bancorp by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,529 shares of the financial services provider’s stock valued at $1,266,000 after purchasing an additional 4,765 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of Farmers & Merchants Bancorp during the first quarter valued at about $41,525,000. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on Farmers & Merchants Bancorp from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, August 5th.

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.