Short Interest in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Declines By 5.2%

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAOGet Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 226,100 shares, a decline of 5.2% from the December 31st total of 238,600 shares. Based on an average daily trading volume, of 20,500 shares, the short-interest ratio is currently 11.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in Farmers & Merchants Bancorp in the fourth quarter valued at about $28,000. Legal & General Group Plc bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter worth about $37,000. Tower Research Capital LLC TRC boosted its stake in shares of Farmers & Merchants Bancorp by 88.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,135 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 1,000 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Farmers & Merchants Bancorp by 84.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,132 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 1,890 shares in the last quarter. Finally, Citigroup Inc. bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter worth about $94,000. Hedge funds and other institutional investors own 22.71% of the company’s stock.

Farmers & Merchants Bancorp Stock Down 2.3 %

NASDAQ:FMAO opened at $23.45 on Wednesday. The firm has a market capitalization of $320.56 million, a price-to-earnings ratio of 13.10 and a beta of 0.54. Farmers & Merchants Bancorp has a 1-year low of $16.90 and a 1-year high of $29.78. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.98. The business’s fifty day moving average price is $22.72 and its 200 day moving average price is $20.40.

Farmers & Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Shareholders 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 yield of 3.75%. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.21. Farmers & Merchants Bancorp’s payout ratio is 49.16%.

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.

Further Reading

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