Q1 2018 EPS Estimates for Farmers & Merchants Bancorp Inc Lowered by Analyst (FMAO)

Farmers & Merchants Bancorp Inc (NASDAQ:FMAO) – Equities researchers at Boenning Scattergood reduced their Q1 2018 earnings estimates for Farmers & Merchants Bancorp in a research report issued on Tuesday. Boenning Scattergood analyst S. Beury now expects that the financial services provider will earn $0.38 per share for the quarter, down from their previous estimate of $0.40. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Farmers & Merchants Bancorp’s Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.60 EPS and FY2019 earnings at $1.72 EPS.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $12.25 million for the quarter, compared to analyst estimates of $12.18 million. Farmers & Merchants Bancorp had a net margin of 24.47% and a return on equity of 9.74%.

Several other brokerages have also weighed in on FMAO. Zacks Investment Research raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Thursday, December 21st. ValuEngine lowered shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st.

Farmers & Merchants Bancorp (NASDAQ FMAO) opened at $38.26 on Thursday. The firm has a market cap of $360.40, a P/E ratio of 27.83 and a beta of 0.01. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.34. Farmers & Merchants Bancorp has a 52-week low of $19.63 and a 52-week high of $44.00.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Tuesday, December 26th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 22nd. Farmers & Merchants Bancorp’s payout ratio is presently 37.82%.

In related news, insider Todd A. Graham sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $36.94, for a total transaction of $103,432.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.03% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of Farmers & Merchants Bancorp by 53.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,823 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 3,752 shares during the period. Deutsche Bank AG raised its position in shares of Farmers & Merchants Bancorp by 40.4% in the fourth quarter. Deutsche Bank AG now owns 20,208 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 5,815 shares during the period. Geode Capital Management LLC raised its position in shares of Farmers & Merchants Bancorp by 15.9% in the fourth quarter. Geode Capital Management LLC now owns 72,061 shares of the financial services provider’s stock valued at $2,940,000 after purchasing an additional 9,883 shares during the period. BlackRock Inc. raised its position in shares of Farmers & Merchants Bancorp by 1.1% in the fourth quarter. BlackRock Inc. now owns 393,047 shares of the financial services provider’s stock valued at $16,036,000 after purchasing an additional 4,160 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Farmers & Merchants Bancorp by 18.5% in the fourth quarter. Bank of New York Mellon Corp now owns 39,510 shares of the financial services provider’s stock valued at $1,612,000 after purchasing an additional 6,176 shares during the period. 13.55% of the stock is currently owned by institutional investors.

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About Farmers & Merchants Bancorp

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.

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