Farmers & Merchants Bancorp (NASDAQ:FMAO) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.81 and traded as low as $23.54. Farmers & Merchants Bancorp shares last traded at $23.96, with a volume of 13,992 shares.

Farmers & Merchants Bancorp Trading Up 1.3 %

The stock has a market cap of $308.25 million, a P/E ratio of 11.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. The firm’s 50 day moving average price is $25.18 and its 200-day moving average price is $27.74.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.13. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 14.48%. As a group, equities research analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, April 4th will be issued a $0.2213 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.89 annualized dividend and a yield of 3.93%. Farmers & Merchants Bancorp’s payout ratio is 46.32%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Farmers & Merchants Bancorp by 134.8% during the fourth quarter. JPMorgan Chase & Co. now owns 44,830 shares of the financial services provider’s stock valued at $1,320,000 after purchasing an additional 25,736 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in Farmers & Merchants Bancorp in the 4th quarter worth approximately $585,000. Dimensional Fund Advisors LP raised its stake in Farmers & Merchants Bancorp by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 163,209 shares of the financial services provider’s stock valued at $4,806,000 after buying an additional 17,339 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Farmers & Merchants Bancorp during the 4th quarter valued at $415,000. Finally, Barclays PLC boosted its stake in shares of Farmers & Merchants Bancorp by 292.2% in the 3rd quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock worth $460,000 after buying an additional 12,375 shares during the last quarter. Institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.