Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Steven Everhart sold 1,256 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $39.00, for a total value of $48,984.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Farmers & Merchants Bancorp Inc. (FMAO) traded down 0.9380% during midday trading on Wednesday, reaching $40.9225. The company’s stock had a trading volume of 10,672 shares. Farmers & Merchants Bancorp Inc. has a 52 week low of $15.85 and a 52 week high of $43.90. The firm has a market capitalization of $378.16 million, a P/E ratio of 30.7688 and a beta of 0.06. The company’s 50-day moving average is $36.33 and its 200 day moving average is $28.93.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. 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 during the quarter, compared to the consensus estimate of $11.49 million. Analysts expect that Farmers & Merchants Bancorp Inc. will post $1.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Tuesday, September 26th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, September 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.26%. Farmers & Merchants Bancorp’s payout ratio is 39.25%.

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Several hedge funds have recently bought and sold shares of FMAO. Tufton Capital Management acquired a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $457,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $472,000. Rhumbline Advisers acquired a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $296,000. Bank of New York Mellon Corp acquired a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $791,000. Finally, Teachers Advisors LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $498,000. Institutional investors own 3.88% of the company’s stock.

A number of equities 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 $32.50 price target for the company in a report on Tuesday, July 25th. ValuEngine raised Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a report on Friday, September 22nd.

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)

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