David R. Gerken Sells 656 Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Stock

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) EVP David R. Gerken sold 656 shares of Farmers & Merchants Bancorp stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.41, for a total transaction of $17,324.96. Following the completion of the transaction, the executive vice president now owns 4,745 shares of the company’s stock, valued at $125,315.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Farmers & Merchants Bancorp Price Performance

Shares of NASDAQ:FMAO opened at $27.23 on Wednesday. The company has a 50 day moving average of $26.81 and a 200 day moving average of $24.14. The stock has a market cap of $372.56 million, a P/E ratio of 17.13 and a beta of 0.63. Farmers & Merchants Bancorp, Inc. has a 12 month low of $16.90 and a 12 month high of $28.76. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $44.83 million during the quarter, compared to analysts’ expectations of $24.39 million. Farmers & Merchants Bancorp had a net margin of 12.59% and a return on equity of 6.79%. As a group, sell-side analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.59 EPS for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, October 4th were paid a dividend of $0.221 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.88 annualized dividend and a yield of 3.25%. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. Farmers & Merchants Bancorp’s payout ratio is currently 55.35%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several hedge funds have recently bought and sold shares of FMAO. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in Farmers & Merchants Bancorp during the first quarter valued at approximately $41,525,000. BNP Paribas Financial Markets grew its stake in Farmers & Merchants Bancorp by 79.7% in the 1st quarter. BNP Paribas Financial Markets now owns 6,459 shares of the financial services provider’s stock worth $144,000 after buying an additional 2,864 shares in the last quarter. Mendel Money Management grew its stake in Farmers & Merchants Bancorp by 239.4% in the 1st quarter. Mendel Money Management now owns 144,753 shares of the financial services provider’s stock worth $3,227,000 after buying an additional 248,586 shares in the last quarter. Vanguard Group Inc. grew its stake in Farmers & Merchants Bancorp by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 583,656 shares of the financial services provider’s stock worth $13,010,000 after buying an additional 12,195 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Farmers & Merchants Bancorp by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 54,529 shares of the financial services provider’s stock worth $1,266,000 after buying an additional 4,765 shares in the last quarter. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their target price on shares of Farmers & Merchants Bancorp from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th.

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.