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

Zacks has also given Farmers & Merchants Bancorp, Inc. (OH) an industry rank of 103 out of 257 based on the ratings given to related companies.

Several equities analysts recently issued reports on the stock. Boenning Scattergood reissued a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a report on Thursday, July 19th. Zacks Investment Research raised shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday, July 23rd.

In other Farmers & Merchants Bancorp, Inc. (OH) news, CEO Paul S. Siebenmorgen sold 6,397 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $42.35, for a total value of $270,912.95. Following the completion of the transaction, the chief executive officer now directly owns 59,734 shares of the company’s stock, valued at $2,529,734.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Paul S. Siebenmorgen sold 1,140 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $43.06, for a total transaction of $49,088.40. Following the completion of the transaction, the chief executive officer now directly owns 60,077 shares of the company’s stock, valued at $2,586,915.62. The disclosure for this sale can be found here. Insiders have sold a total of 17,900 shares of company stock valued at $756,467 over the last three months. 4.51% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC raised its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 58.7% in the third quarter. MetLife Investment Advisors LLC now owns 6,356 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 2,350 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) in the third quarter worth about $247,000. Proequities Inc. bought a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) in the third quarter worth about $566,000. Dimensional Fund Advisors LP raised its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 34.7% in the third quarter. Dimensional Fund Advisors LP now owns 21,039 shares of the financial services provider’s stock worth $896,000 after acquiring an additional 5,421 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 4.9% in the third quarter. BlackRock Inc. now owns 456,473 shares of the financial services provider’s stock worth $19,442,000 after acquiring an additional 21,422 shares during the last quarter. 15.62% of the stock is owned by institutional investors.

FMAO stock traded up $0.53 during trading on Thursday, hitting $41.73. 3,900 shares of the stock traded hands, compared to its average volume of 9,748. Farmers & Merchants Bancorp, Inc. has a one year low of $34.62 and a one year high of $49.99. The company has a market capitalization of $380.70 million, a P/E ratio of 30.24 and a beta of 0.21. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.23.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last announced its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 27.06% and a return on equity of 11.13%. The firm had revenue of $12.67 million during the quarter, compared to the consensus estimate of $12.46 million. As a group, research analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.69 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, October 20th. Investors of record on Tuesday, October 2nd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Monday, October 1st. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio is currently 40.58%.

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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