Farmers & Merchants Bancorp (NASDAQ:FMAO) Announces Earnings Results

Posted by Hanz Christensen on Aug 4th, 2024

Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) released its earnings results on Thursday. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05, Zacks reports. Farmers & Merchants Bancorp had a return on equity of 6.84% and a net margin of 12.59%. The business had revenue of $44.83 million for the quarter, compared to analyst estimates of $24.39 million.

Farmers & Merchants Bancorp Stock Performance

FMAO stock opened at $25.09 on Friday. The firm has a market cap of $343.23 million, a price-to-earnings ratio of 15.78 and a beta of 0.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. Farmers & Merchants Bancorp has a twelve month low of $16.90 and a twelve month high of $28.75. The business’s fifty day simple moving average is $23.32 and its two-hundred day simple moving average is $22.10.

Farmers & Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, July 20th. Shareholders of record on Friday, July 5th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.51%. Farmers & Merchants Bancorp’s payout ratio is 55.35%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reiterated a “neutral” rating and issued a $24.00 target price on shares of Farmers & Merchants Bancorp in a research note on Wednesday, June 12th.

Read Our Latest Research Report on Farmers & Merchants Bancorp

About Farmers & Merchants Bancorp

(Get Free Report)

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.