Farmers & Merchants Bancorp (NASDAQ:FMAO) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.60 and traded as low as $23.91. Farmers & Merchants Bancorp shares last traded at $25.00, with a volume of 52,716 shares changing hands.

Analyst Ratings Changes

FMAO has been the subject of several research reports. Zacks Research downgraded Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Farmers & Merchants Bancorp presently has an average rating of “Hold”.

Farmers & Merchants Bancorp Trading Up 0.0%

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $364.15 million, a price-to-earnings ratio of 10.33 and a beta of 0.85. The business’s 50-day moving average price is $26.42 and its two-hundred day moving average price is $25.59.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its earnings results on Thursday, February 12th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Farmers & Merchants Bancorp had a net margin of 17.47% and a return on equity of 9.33%. The firm had revenue of $32.45 million for the quarter, compared to analyst estimates of $27.30 million. Equities analysts expect that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current year.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several large investors have recently added to or reduced their stakes in FMAO. Vanguard Group Inc. boosted its position in shares of Farmers & Merchants Bancorp by 0.7% in the third quarter. Vanguard Group Inc. now owns 682,608 shares of the financial services provider’s stock worth $17,072,000 after acquiring an additional 4,979 shares during the last quarter. Goelzer Investment Management Inc. increased its holdings in shares of Farmers & Merchants Bancorp by 1,659.8% during the 4th quarter. Goelzer Investment Management Inc. now owns 485,064 shares of the financial services provider’s stock worth $11,991,000 after buying an additional 457,500 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Farmers & Merchants Bancorp by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 301,252 shares of the financial services provider’s stock worth $7,448,000 after buying an additional 2,402 shares during the period. Align Financial LLC acquired a new position in Farmers & Merchants Bancorp in the fourth quarter valued at $6,844,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Farmers & Merchants Bancorp by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 214,561 shares of the financial services provider’s stock valued at $5,304,000 after acquiring an additional 12,677 shares during the last quarter. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

About Farmers & Merchants Bancorp

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.