Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Steven Everhart sold 1,256 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $39.00, for a total transaction of $48,984.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. 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 for the quarter, compared to analysts’ expectations of $11.49 million.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Tuesday, September 26th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Monday, September 25th. Farmers & Merchants Bancorp’s payout ratio is 39.25%.

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Several large investors have recently bought and sold shares of FMAO. Nationwide Fund Advisors purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at approximately $139,000. Advisor Group Inc. purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at approximately $206,000. Rhumbline Advisers purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at approximately $296,000. New York State Common Retirement Fund purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at approximately $298,000. Finally, Vanguard Group Inc. purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at approximately $432,000. Hedge funds and other institutional investors own 3.88% of the company’s stock.

Several research firms have commented on FMAO. Zacks Investment Research raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $32.50 target price on the stock in a research report on Tuesday, July 25th. ValuEngine raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd.

About Farmers & Merchants Bancorp

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.

Insider Buying and Selling by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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