Zacks Investment Research upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) from a strong sell rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

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. “

Several other research analysts have also weighed in on FMAO. Boenning Scattergood reaffirmed a neutral rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research report on Monday, May 6th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

NASDAQ:FMAO opened at $29.00 on Tuesday. The firm has a market cap of $323.55 million, a price-to-earnings ratio of 17.26 and a beta of 0.20. Farmers & Merchants Bancorp, Inc. has a twelve month low of $26.68 and a twelve month high of $48.60. The business’s 50 day moving average is $28.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.08). The company had revenue of $15.47 million for the quarter, compared to analyst estimates of $15.90 million. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 10.16% and a net margin of 23.20%. As a group, equities research analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.72 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Monday, June 17th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, June 14th. Farmers & Merchants Bancorp, Inc. (OH)’s payout ratio is presently 35.71%.

Several hedge funds have recently bought and sold shares of FMAO. BNP Paribas Arbitrage SA increased its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 46,375.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,859 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,855 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 259.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,255 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 2,350 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 82.7% during the 4th quarter. Bank of America Corp DE now owns 5,069 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 2,295 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) during the 4th quarter worth approximately $201,000. Finally, American Century Companies Inc. acquired a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) during the 4th quarter worth approximately $343,000. 15.82% of the stock is currently owned by institutional investors and hedge funds.

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 deposit; and custodial services for individual retirement accounts and health savings accounts.

Featured Story: Day Trading

Get a free copy of the Zacks research report on Farmers & Merchants Bancorp, Inc. (OH) (FMAO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Farmers & Merchants Bancorp Inc. (OH) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers & Merchants Bancorp Inc. (OH) and related companies with MarketBeat.com's FREE daily email newsletter.