Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $25.08 and traded as low as $24.45. Farmers & Merchants Bancorp shares last traded at $24.63, with a volume of 13,521 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FMAO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a research note on Friday, October 31st. Zacks Research upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Farmers & Merchants Bancorp Stock Performance

The firm has a fifty day moving average price of $24.95 and a 200 day moving average price of $25.08. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.52. The firm has a market cap of $338.66 million, a PE ratio of 10.62 and a beta of 0.88.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Farmers & Merchants Bancorp had a net margin of 17.03% and a return on equity of 9.16%. The firm had revenue of ($56.67) million during the quarter, compared to analyst estimates of $26.35 million. As a group, equities research analysts expect that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 10th were paid a $0.2275 dividend. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.91 annualized dividend and a dividend yield of 3.7%. Farmers & Merchants Bancorp’s dividend payout ratio is currently 39.22%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in Farmers & Merchants Bancorp during the first quarter worth $817,000. TrueMark Investments LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter worth $559,000. Jane Street Group LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the 1st quarter worth about $380,000. Los Angeles Capital Management LLC purchased a new stake in Farmers & Merchants Bancorp in the 2nd quarter valued at about $367,000. Finally, Hicks Capital Management LLC purchased a new stake in Farmers & Merchants Bancorp in the 3rd quarter valued at about $363,000. 23.96% of the stock is currently owned by institutional investors and hedge funds.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.