Proficio Capital Partners LLC Invests $345,000 in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Proficio Capital Partners LLC acquired a new stake in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,721 shares of the financial services provider’s stock, valued at approximately $345,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new stake in shares of Farmers & Merchants Bancorp in the third quarter valued at about $55,000. State Street Corp raised its position in shares of Farmers & Merchants Bancorp by 4.0% during the 3rd quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock worth $6,665,000 after purchasing an additional 9,306 shares during the last quarter. Barclays PLC lifted its stake in Farmers & Merchants Bancorp by 292.2% in the 3rd quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock valued at $460,000 after buying an additional 12,375 shares in the last quarter. Geode Capital Management LLC lifted its stake in Farmers & Merchants Bancorp by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider’s stock valued at $8,011,000 after buying an additional 4,318 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Farmers & Merchants Bancorp by 204.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock valued at $528,000 after buying an additional 12,827 shares during the last quarter. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

Farmers & Merchants Bancorp Stock Performance

Farmers & Merchants Bancorp stock opened at $24.25 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99. Farmers & Merchants Bancorp, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $34.15. The stock has a fifty day moving average of $25.66 and a two-hundred day moving average of $27.93. The company has a market capitalization of $332.23 million, a price-to-earnings ratio of 12.76 and a beta of 0.67.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 14.48%. On average, analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.82 EPS for the current fiscal year.

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.