Farmers & Merchants Bancorp (NASDAQ:FMAO) Shares Pass Below 200 Day Moving Average – Here’s Why

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.64 and traded as low as $24.73. Farmers & Merchants Bancorp shares last traded at $25.17, with a volume of 34,975 shares trading hands.

Farmers & Merchants Bancorp Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $344.80 million, a PE ratio of 14.81 and a beta of 0.69. The business’s 50 day moving average is $30.90 and its two-hundred day moving average is $27.68.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $45.86 million during the quarter, compared to the consensus estimate of $24.93 million. Farmers & Merchants Bancorp had a net margin of 13.16% and a return on equity of 7.16%. As a group, research analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.74 EPS for the current year.

Farmers & Merchants Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 20th. Stockholders of record on Friday, December 27th will be given a dividend of $0.2213 per share. The ex-dividend date is Friday, December 27th. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 3.52%. Farmers & Merchants Bancorp’s dividend payout ratio is 51.76%.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Farmers & Merchants Bancorp by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider’s stock worth $8,011,000 after acquiring an additional 4,318 shares during the last quarter. State Street Corp grew its holdings in shares of Farmers & Merchants Bancorp by 4.0% in the third quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock worth $6,665,000 after purchasing an additional 9,306 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Farmers & Merchants Bancorp by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 118,170 shares of the financial services provider’s stock worth $2,744,000 after buying an additional 12,223 shares during the period. Bank of New York Mellon Corp raised its holdings in Farmers & Merchants Bancorp by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,529 shares of the financial services provider’s stock valued at $1,266,000 after buying an additional 4,765 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Farmers & Merchants Bancorp by 204.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock valued at $528,000 after buying an additional 12,827 shares during the last quarter. 23.96% of the stock is currently owned by institutional investors.

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.