Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Price Passes Below 200-Day Moving Average of $20.91

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.91 and traded as low as $20.36. Farmers & Merchants Bancorp shares last traded at $20.47, with a volume of 15,993 shares changing hands.

Wall Street Analyst Weigh In

Separately, Hovde Group initiated coverage on shares of Farmers & Merchants Bancorp in a report on Friday, April 5th. They set a “market perform” rating and a $22.00 target price on the stock.

Farmers & Merchants Bancorp Trading Up 6.1 %

The stock has a market cap of $296.70 million, a P/E ratio of 13.01 and a beta of 0.61. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.93. The stock’s fifty day moving average price is $20.80 and its 200 day moving average price is $20.94.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.09. The company had revenue of $23.86 million for the quarter, compared to analysts’ expectations of $22.90 million. Farmers & Merchants Bancorp had a net margin of 14.62% and a return on equity of 7.46%. Equities research analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.5 earnings per share for the current year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 29th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, March 27th. Farmers & Merchants Bancorp’s payout ratio is 52.69%.

Insider Buying and Selling

In other news, Director Jo Ellen Hornish purchased 3,594 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of $20.56 per share, for a total transaction of $73,892.64. Following the purchase, the director now directly owns 40,000 shares in the company, valued at approximately $822,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in FMAO. SG Americas Securities LLC bought a new stake in Farmers & Merchants Bancorp during the fourth quarter valued at about $172,000. Buckingham Capital Management Inc. purchased a new stake in Farmers & Merchants Bancorp in the 4th quarter worth approximately $202,000. Revisor Wealth Management LLC bought a new stake in Farmers & Merchants Bancorp during the 3rd quarter worth approximately $203,000. Tufton Capital Management purchased a new position in Farmers & Merchants Bancorp during the fourth quarter valued at approximately $242,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in shares of Farmers & Merchants Bancorp in the first quarter worth approximately $41,525,000. Hedge funds and other institutional investors own 23.96% of the company’s stock.

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, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.