Farmers & Merchants Bancorp (NASDAQ:FMAO) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS


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Farmers & Merchants Bancorp (NASDAQ:FMAO) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03), Fidelity Earnings reports. Farmers & Merchants Bancorp had a net margin of 21.65% and a return on equity of 7.76%.

Shares of NASDAQ:FMAO traded down $0.54 during mid-day trading on Thursday, reaching $23.24. 1 shares of the company’s stock were exchanged, compared to its average volume of 10,408. The firm has a market capitalization of $260.22 million, a price-to-earnings ratio of 14.59 and a beta of 0.30. The business’s fifty day moving average price is $25.30 and its 200-day moving average price is $23.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.93. Farmers & Merchants Bancorp has a twelve month low of $18.61 and a twelve month high of $29.37.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 20th. Stockholders of record on Wednesday, March 31st were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, March 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.93%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 40.00%.

Separately, Zacks Investment Research cut shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, March 8th.

About Farmers & Merchants Bancorp

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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