Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO – Get 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
Farmers & Merchants Bancorp Company Profile
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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