Farmers & Merchants Bancorp (NASDAQ:FMAO) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Farmers & Merchants Bancorp (NASDAQ:FMAO) posted its earnings results on Tuesday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02), Fidelity Earnings reports. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 23.72%.

NASDAQ FMAO traded up $0.14 during trading hours on Thursday, hitting $22.04. 100 shares of the company were exchanged, compared to its average volume of 98,790. The company’s 50 day simple moving average is $21.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.89 and a current ratio of 0.89. Farmers & Merchants Bancorp has a 52-week low of $19.50 and a 52-week high of $27.58. The firm has a market capitalization of $246.85 million, a price-to-earnings ratio of 11.71 and a beta of 0.31.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 20th. Shareholders of record on Monday, June 28th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 25th. This represents a $0.68 annualized dividend and a yield of 3.09%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 40.48%.

Separately, Zacks Investment Research raised Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, July 14th.

In other news, Director Andrew J. Briggs sold 1,700 shares of the stock in a transaction dated Monday, June 21st. The stock was sold at an average price of $22.01, for a total value of $37,417.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew J. Briggs sold 2,000 shares of the stock in a transaction dated Thursday, June 24th. The shares were sold at an average price of $22.04, for a total value of $44,080.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,799 shares of company stock worth $215,747. 8.53% of the stock is owned by company insiders.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking account services, as well as savings and time deposit services, such as certificates of deposit; and custodial services for individual retirement and health savings accounts.

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Earnings History for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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