Shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also given Farmers & Merchants Bancorp an industry rank of 95 out of 265 based on the ratings given to its competitors.

Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

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In other news, Director Eugene N. Burkholder sold 2,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven Everhart sold 1,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $54.00, for a total transaction of $54,000.00. Following the transaction, the director now owns 10,998 shares of the company’s stock, valued at approximately $593,892. The disclosure for this sale can be found here. Insiders have sold 4,571 shares of company stock valued at $251,583 in the last 90 days. Insiders own 5.03% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $490,000. State Street Corp purchased a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $884,000. Goldman Sachs Group Inc. purchased a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $945,000. Advisor Group Inc. purchased a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $206,000. Finally, Vanguard Group Inc. purchased a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $432,000. Institutional investors and hedge funds own 7.77% of the company’s stock.

Farmers & Merchants Bancorp (NASDAQ FMAO) opened at 61.80 on Friday. The stock has a market capitalization of $282.86 million, a price-to-earnings ratio of 23.26 and a beta of 0.05. The firm has a 50-day moving average of $59.16 and a 200 day moving average of $50.33. Farmers & Merchants Bancorp has a 12-month low of $29.51 and a 12-month high of $64.73. Shares of Farmers & Merchants Bancorp are scheduled to split on Thursday, September 21st. The 2-1 split was announced on Friday, August 18th. The newly created shares will be distributed to shareholders after the market closes 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 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. Farmers & Merchants Bancorp had a net margin of 24.37% and a return on equity of 9.60%. The firm had revenue of $11.64 million during the quarter, compared to analyst estimates of $11.49 million. On average, analysts predict that Farmers & Merchants Bancorp will post $2.70 earnings per share for the current fiscal year.

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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