Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Anthony Rupp sold 2,072 shares of Farmers & Merchants Bancorp stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $87.10, for a total value of $180,471.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Farmers & Merchants Bancorp Inc. (NASDAQ FMAO) traded down 6.24% during midday trading on Thursday, reaching $81.27. The company’s stock had a trading volume of 53,811 shares. The firm has a market cap of $371.97 million, a P/E ratio of 30.59 and a beta of 0.04. The firm has a 50 day moving average price of $64.70 and a 200-day moving average price of $53.70. Farmers & Merchants Bancorp Inc. has a 52 week low of $30.50 and a 52 week high of $87.79. Shares of Farmers & Merchants Bancorp are going to split before the market opens on Thursday, September 21st. The 2-1 split was announced on Friday, August 18th. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, September 20th.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Farmers & Merchants Bancorp had a net margin of 24.37% and a return on equity of 9.60%. The company had revenue of $11.64 million for the quarter, compared to analysts’ expectations of $11.49 million. On average, analysts forecast that Farmers & Merchants Bancorp Inc. will post $2.70 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Farmers & Merchants Bancorp Inc. (FMAO) Director Sells $180,471.20 in Stock” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/09/14/farmers-merchants-bancorp-inc-fmao-director-sells-180471-20-in-stock.html.

Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System bought a new position in shares of Farmers & Merchants Bancorp during the second quarter worth approximately $490,000. State Street Corp bought a new position in shares of Farmers & Merchants Bancorp during the second quarter worth approximately $884,000. Goldman Sachs Group Inc. bought a new position in shares of Farmers & Merchants Bancorp during the second quarter worth approximately $945,000. Advisor Group Inc. bought a new position in shares of Farmers & Merchants Bancorp during the second quarter worth approximately $206,000. Finally, Vanguard Group Inc. bought a new position in shares of Farmers & Merchants Bancorp during the second quarter worth approximately $432,000. 7.77% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on FMAO shares. Zacks Investment Research raised Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, July 25th. ValuEngine raised Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.

Insider Buying and Selling by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)

Receive News & Ratings for Farmers & Merchants Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers & Merchants Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.