Farmers & Merchants Bancorp Inc. (FMAO) To Go Ex-Dividend on December 29th

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) announced a quarterly dividend on Tuesday, December 16th. Stockholders of record on Monday, December 29th will be paid a dividend of 0.23 per share by the financial services provider on Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, December 29th. This is a 1.1% increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.23.

Farmers & Merchants Bancorp has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 19 years. Farmers & Merchants Bancorp has a payout ratio of 40.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Farmers & Merchants Bancorp to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 45.5%.

Farmers & Merchants Bancorp Stock Performance

FMAO opened at $26.09 on Friday. Farmers & Merchants Bancorp has a twelve month low of $20.88 and a twelve month high of $29.86. The firm has a market capitalization of $358.74 million, a PE ratio of 11.25 and a beta of 0.84. 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’s 50-day moving average price is $25.07 and its 200 day moving average price is $25.30.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Monday, October 27th. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The business had revenue of $31.26 million for the quarter, compared to analyst estimates of $26.35 million. Farmers & Merchants Bancorp had a net margin of 17.03% and a return on equity of 9.16%. As a group, sell-side analysts expect that Farmers & Merchants Bancorp will post 1.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers & Merchants Bancorp in a research report on Tuesday, December 16th. Zacks Research raised Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Farmers & Merchants Bancorp has an average rating of “Buy”.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp (NASDAQ:FMAO) is the bank holding company for Farmers & Merchants Bank of Central California, a community-focused institution headquartered in Los Banos, California. The bank traces its roots to 1916 and has grown to serve individuals, businesses and agricultural enterprises throughout the western San Joaquin Valley. Operating with a commitment to local decision-making, the company emphasizes personalized service and close ties to the communities in which it operates.

Through its banking subsidiary, Farmers & Merchants offers a comprehensive suite of financial products and services, including checking and savings accounts, certificates of deposit, online and mobile banking platforms, and merchant services.