Farmers & Merchants Bancorp (NASDAQ:FMAO) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Farmers & Merchants Bancorp (NASDAQ:FMAO) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04, Yahoo Finance reports. The business had revenue of $42.60 million for the quarter, compared to analyst estimates of $23.10 million. Farmers & Merchants Bancorp had a return on equity of 7.46% and a net margin of 14.62%.

Farmers & Merchants Bancorp Stock Up 3.5 %

Shares of NASDAQ:FMAO traded up $0.75 during trading on Thursday, hitting $21.92. 19,051 shares of the company were exchanged, compared to its average volume of 19,029. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50 day moving average price is $20.76 and its 200-day moving average price is $21.04. The stock has a market capitalization of $299.43 million, a P/E ratio of 12.68 and a beta of 0.62. Farmers & Merchants Bancorp has a 12-month low of $16.90 and a 12-month high of $27.78.

Farmers & Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 29th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 4.01%. Farmers & Merchants Bancorp’s payout ratio is currently 52.69%.

Analysts Set New Price Targets

Separately, Hovde Group initiated coverage on Farmers & Merchants Bancorp in a research report on Friday, April 5th. They issued a “market perform” rating and a $22.00 price target on the stock.

Insider Activity at Farmers & Merchants Bancorp

In other news, Director Jo Ellen Hornish acquired 3,594 shares of the company’s stock in a transaction on Friday, March 1st. The shares were bought at an average price of $20.56 per share, with a total value of $73,892.64. Following the completion of the acquisition, the director now owns 40,000 shares in the company, valued at approximately $822,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.76% of the company’s stock.

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.