Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) CEO Paul S. Siebenmorgen sold 6,363 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $42.11, for a total value of $267,945.93. Following the sale, the chief executive officer now owns 51,440 shares in the company, valued at $2,166,138.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Farmers & Merchants Bancorp, Inc. (OH) stock opened at $42.26 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $395.11 million, a PE ratio of 27.17 and a beta of 0.06. Farmers & Merchants Bancorp, Inc. has a twelve month low of $34.46 and a twelve month high of $49.99.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last announced its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $12.82 million for the quarter, compared to analysts’ expectations of $12.52 million. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 10.78% and a net margin of 26.50%. research analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 20th. Stockholders of record on Tuesday, October 2nd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, October 1st. Farmers & Merchants Bancorp, Inc. (OH)’s payout ratio is 40.58%.

Several institutional investors have recently made changes to their positions in FMAO. BlackRock Inc. raised its position in shares of Farmers & Merchants Bancorp, Inc. (OH) by 2.0% during the 1st quarter. BlackRock Inc. now owns 400,820 shares of the financial services provider’s stock worth $16,180,000 after purchasing an additional 7,773 shares during the period. California Public Employees Retirement System acquired a new stake in shares of Farmers & Merchants Bancorp, Inc. (OH) during the 1st quarter worth approximately $320,000. Dimensional Fund Advisors LP raised its position in shares of Farmers & Merchants Bancorp, Inc. (OH) by 66.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,672 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 4,244 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Farmers & Merchants Bancorp, Inc. (OH) during the 2nd quarter worth approximately $111,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Farmers & Merchants Bancorp, Inc. (OH) by 11.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,841 shares of the financial services provider’s stock worth $801,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 15.66% of the company’s stock.

FMAO has been the topic of a number of research reports. Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research report on Friday, August 24th. Zacks Investment Research upgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Monday, July 23rd. Finally, ValuEngine cut Farmers & Merchants Bancorp, Inc. (OH) from a “buy” rating to a “hold” rating in a research report on Friday, June 29th.

Farmers & Merchants Bancorp, Inc. (OH) Company Profile

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

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