Jo Ellen Hornish Acquires 3,594 Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Stock

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAOGet Free Report) Director Jo Ellen Hornish bought 3,594 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average price of $20.56 per share, with a total value of $73,892.64. Following the purchase, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $822,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Farmers & Merchants Bancorp Stock Performance

NASDAQ:FMAO opened at $20.43 on Tuesday. Farmers & Merchants Bancorp, Inc. has a 1 year low of $16.90 and a 1 year high of $27.78. The firm has a 50 day moving average of $22.40 and a 200-day moving average of $20.27. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $279.07 million, a P/E ratio of 12.23 and a beta of 0.60.

Farmers & Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Stockholders of record on Friday, December 29th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.31%. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.21. Farmers & Merchants Bancorp’s payout ratio is 52.69%.

Institutional Trading of Farmers & Merchants Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of FMAO. Mendel Money Management boosted its position in shares of Farmers & Merchants Bancorp by 4.9% during the second quarter. Mendel Money Management now owns 93,400 shares of the financial services provider’s stock worth $2,102,000 after purchasing an additional 4,345 shares in the last quarter. Perritt Capital Management Inc. acquired a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at about $113,000. The Manufacturers Life Insurance Company grew its position in shares of Farmers & Merchants Bancorp by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 319,722 shares of the financial services provider’s stock worth $7,197,000 after purchasing an additional 2,265 shares in the last quarter. Park National Corp OH acquired a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter worth approximately $234,000. Finally, Osaic Holdings Inc. increased its stake in Farmers & Merchants Bancorp by 84.3% in the second quarter. Osaic Holdings Inc. now owns 4,132 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 1,890 shares during the last quarter. Institutional investors and hedge funds own 22.71% of the company’s stock.

Farmers & Merchants Bancorp Company Profile

(Get Free Report)

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.

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