Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,281 shares of the financial services provider’s stock after buying an additional 846 shares during the quarter. SG Americas Securities LLC’s holdings in Farmers & Merchants Bancorp were worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Ellsworth Advisors LLC acquired a new position in Farmers & Merchants Bancorp in the 4th quarter worth about $585,000. JPMorgan Chase & Co. lifted its holdings in shares of Farmers & Merchants Bancorp by 204.7% during the third quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock worth $528,000 after buying an additional 12,827 shares during the last quarter. Barclays PLC raised its stake in Farmers & Merchants Bancorp by 292.2% during the 3rd quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 12,375 shares during the last quarter. State Street Corp lifted its stake in shares of Farmers & Merchants Bancorp by 4.0% in the third quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock valued at $6,665,000 after buying an additional 9,306 shares during the period. Finally, Buckingham Capital Management Inc. bought a new stake in shares of Farmers & Merchants Bancorp in the 3rd quarter worth approximately $245,000. Institutional investors and hedge funds own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Stock Performance

NASDAQ:FMAO opened at $26.99 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $28.82 and a 200 day moving average price of $28.15. The firm has a market capitalization of $369.76 million, a PE ratio of 15.88 and a beta of 0.68. Farmers & Merchants Bancorp, Inc. has a 12-month low of $18.99 and a 12-month high of $34.15.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, December 27th were issued a $0.2213 dividend. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Friday, December 27th. Farmers & Merchants Bancorp’s payout ratio is presently 51.77%.

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.