Farmers & Merchants Bancorp (NASDAQ:FMAO) Downgraded by Zacks Research to “Hold”

Farmers & Merchants Bancorp (NASDAQ:FMAO) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Farmers & Merchants Bancorp Stock Down 0.7%

Shares of FMAO opened at $24.72 on Tuesday. The firm has a fifty day moving average price of $25.08 and a 200-day moving average price of $25.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $339.90 million, a P/E ratio of 10.66 and a beta of 0.84. Farmers & Merchants Bancorp has a 12-month low of $20.88 and a 12-month high of $29.86.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings results on Monday, October 27th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. The company had revenue of $31.26 million for the quarter, compared to the consensus estimate of $26.35 million. Farmers & Merchants Bancorp had a net margin of 17.03% and a return on equity of 9.16%. Equities research analysts expect that Farmers & Merchants Bancorp will post 1.82 earnings per share for the current year.

Institutional Trading of Farmers & Merchants Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of FMAO. JPMorgan Chase & Co. raised its position in shares of Farmers & Merchants Bancorp by 20.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,702 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 2,172 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Farmers & Merchants Bancorp in the third quarter valued at about $224,000. Millennium Management LLC grew its stake in Farmers & Merchants Bancorp by 2.9% in the third quarter. Millennium Management LLC now owns 25,483 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 722 shares during the last quarter. Ancora Advisors LLC bought a new position in Farmers & Merchants Bancorp in the third quarter worth about $921,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of Farmers & Merchants Bancorp by 3.8% during the third quarter. Bridgeway Capital Management LLC now owns 19,980 shares of the financial services provider’s stock valued at $500,000 after buying an additional 723 shares during the last quarter. Institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp (NASDAQ:FMAO) is the bank holding company for Farmers & Merchants Bank of Central California, a community-focused institution headquartered in Los Banos, California. The bank traces its roots to 1916 and has grown to serve individuals, businesses and agricultural enterprises throughout the western San Joaquin Valley. Operating with a commitment to local decision-making, the company emphasizes personalized service and close ties to the communities in which it operates.

Through its banking subsidiary, Farmers & Merchants offers a comprehensive suite of financial products and services, including checking and savings accounts, certificates of deposit, online and mobile banking platforms, and merchant services.