Farmers & Merchants Bancorp Inc. (FMAO) To Go Ex-Dividend on December 29th

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) declared a quarterly dividend on Tuesday, December 16th. Investors of record on Monday, December 29th will be paid a dividend of 0.23 per share by the financial services provider on Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, December 29th. This is a 1.1% increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.23.

Farmers & Merchants Bancorp has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 19 years. Farmers & Merchants Bancorp has a dividend payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Farmers & Merchants Bancorp to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.91 annual dividend with an expected future payout ratio of 45.0%.

Farmers & Merchants Bancorp Stock Up 2.3%

NASDAQ:FMAO opened at $28.00 on Thursday. Farmers & Merchants Bancorp has a one year low of $20.88 and a one year high of $31.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $385 million, a PE ratio of 12.07 and a beta of 0.84. The firm’s 50 day simple moving average is $24.71 and its 200 day simple moving average is $25.15.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FMAO shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers & Merchants Bancorp in a research report on Tuesday. Zacks Research raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Farmers & Merchants Bancorp presently has an average rating of “Buy”.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.