Farmers & Merchants Bancorp (NASDAQ:FMAO) Releases Earnings Results, Beats Expectations By $0.05 EPS

Farmers & Merchants Bancorp (NASDAQ:FMAO) announced its earnings results on Thursday. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05, Zacks reports. The business had revenue of $44.83 million during the quarter, compared to the consensus estimate of $24.39 million. Farmers & Merchants Bancorp had a net margin of 12.59% and a return on equity of 6.84%.

Farmers & Merchants Bancorp Stock Performance

Shares of NASDAQ FMAO traded down $0.68 during trading on Friday, reaching $25.09. 37,476 shares of the company traded hands, compared to its average volume of 53,672. The firm has a 50 day simple moving average of $23.32 and a 200-day simple moving average of $22.10. Farmers & Merchants Bancorp has a 52-week low of $16.90 and a 52-week high of $28.75. The stock has a market capitalization of $343.23 million, a PE ratio of 15.78 and a beta of 0.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81.

Farmers & Merchants Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, July 5th were issued a $0.22 dividend. The ex-dividend date was Friday, July 5th. This represents a $0.88 annualized dividend and a yield of 3.51%. Farmers & Merchants Bancorp’s payout ratio is 55.35%.

Analysts Set New Price Targets

Separately, Piper Sandler restated a “neutral” rating and set a $24.00 price objective on shares of Farmers & Merchants Bancorp in a research note on Wednesday, June 12th.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.