Farmers & Merchants Bancorp (NASDAQ:FMAO) Posts Earnings Results, Beats Estimates By $0.04 EPS

Farmers & Merchants Bancorp (NASDAQ:FMAO) issued its quarterly earnings data on Thursday. The financial services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04, FiscalAI reports. The firm had revenue of $34.81 million for the quarter, compared to analyst estimates of $34.65 million. Farmers & Merchants Bancorp had a return on equity of 10.72% and a net margin of 20.27%.

Farmers & Merchants Bancorp Stock Performance

Shares of Farmers & Merchants Bancorp stock traded up $0.69 during trading hours on Thursday, reaching $35.89. 139,813 shares of the stock traded hands, compared to its average volume of 63,003. The company has a 50 day moving average price of $34.90 and a 200 day moving average price of $31.18. Farmers & Merchants Bancorp has a one year low of $22.91 and a one year high of $36.31. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $494.21 million, a price-to-earnings ratio of 12.33 and a beta of 0.81.

Farmers & Merchants Bancorp Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, October 20th. Investors of record on Friday, October 9th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, October 9th. Farmers & Merchants Bancorp’s payout ratio is presently 32.99%.

Insider Buying and Selling

In related news, Director Andrew J. Briggs sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $34.76, for a total value of $104,280.00. Following the completion of the sale, the director directly owned 72,550 shares of the company’s stock, valued at approximately $2,521,838. This represents a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 30,402 shares of company stock valued at $1,044,760. 7.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research downgraded Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $36.00 price target (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Farmers & Merchants Bancorp in a research report on Monday, September 14th. Finally, Wall Street Zen lowered shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.25.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company headquartered in Archbold, Ohio. Founded in 1897, the company operates through its principal subsidiary, The Farmers & Merchants State Bank, a community bank serving individuals, families, farmers and businesses.

The bank offers a range of traditional financial services, including checking and savings accounts, certificates of deposit, consumer and residential mortgage loans, commercial lending, agricultural loans and other business banking products.