Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Farmers & Merchants Bancorp, Inc. is the holding company for The Farmers & Merchants State Bank which operates as a locally owned and operated community bank serving Northwest Ohio and Northeast Indiana. The bank provides commercial banking, retail banking and other financial services through its 19 offices with locations in Fulton, Defiance, Henry, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana they have offices located in DeKalb and Steuben counties. Farmers & Merchants Bancorp, Inc. is based in Archbold, Ohio. “

Separately, ValuEngine raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

Farmers & Merchants Bancorp (NASDAQ FMAO) opened at 61.99 on Monday. Farmers & Merchants Bancorp has a 12-month low of $29.51 and a 12-month high of $64.73. The firm’s 50-day moving average price is $59.16 and its 200 day moving average price is $50.33. The stock has a market cap of $283.73 million, a PE ratio of 23.33 and a beta of 0.05. Shares of Farmers & Merchants Bancorp are scheduled to split before the market opens on Thursday, September 21st. The 2-1 split was announced on Friday, August 18th. The newly issued shares will be issued to shareholders after the closing bell on Wednesday, September 20th.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. The firm had revenue of $11.64 million during the quarter, compared to analysts’ expectations of $11.49 million. Farmers & Merchants Bancorp had a net margin of 24.37% and a return on equity of 9.60%. Analysts anticipate that Farmers & Merchants Bancorp will post $2.70 EPS for the current year.

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In other news, Director Eugene N. Burkholder sold 1,571 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $55.75, for a total transaction of $87,583.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Everhart sold 1,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $54.00, for a total transaction of $54,000.00. Following the sale, the director now directly owns 10,998 shares of the company’s stock, valued at $593,892. The disclosure for this sale can be found here. Insiders have sold a total of 4,571 shares of company stock valued at $251,583 over the last three months. Corporate insiders own 5.03% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors bought a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at about $139,000. Advisor Group Inc. bought a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at about $206,000. Rhumbline Advisers bought a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at about $296,000. New York State Common Retirement Fund bought a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at about $298,000. Finally, Vanguard Group Inc. bought a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at about $432,000. 7.77% of the stock is owned by institutional investors.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.

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