Farmers & Merchants Bancorp (FMAO) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS
Farmers & Merchants Bancorp (NASDAQ:FMAO) issued its quarterly earnings data on Monday. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.09, Analyst RN reports.
On the ratings front, analysts at Boenning Scattergood raised their price target on shares of Farmers & Merchants Bancorp from $26.00 to $30.00 in a research note on Tuesday, July 29th. They now have an “outperform” rating on the stock.
Shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) opened at 25.51 on Monday. Farmers & Merchants Bancorp has a one year low of $19.90 and a one year high of $26.25. The stock’s 50-day moving average is $25.16 and its 200-day moving average is $24.44. The company has a market cap of $116.9 million and a price-to-earnings ratio of 13.38.
Farmers & Merchants Bancorp, Inc is a bank holding company. The Company is engaged in the general commercial banking business.
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