Rep. Robert E. Latta Purchases Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Representative Robert E. Latta (R-Ohio) recently bought shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO). In a filing disclosed on January 24th, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on January 20th.

Farmers & Merchants Bancorp Price Performance

NASDAQ FMAO traded down $0.37 during trading hours on Tuesday, reaching $26.84. The company’s stock had a trading volume of 12,768 shares, compared to its average volume of 23,494. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78. Farmers & Merchants Bancorp, Inc. has a 1 year low of $18.99 and a 1 year high of $34.15. The firm’s 50-day moving average price is $29.93 and its 200-day moving average price is $28.03. The company has a market capitalization of $367.64 million, a price-to-earnings ratio of 15.82 and a beta of 0.69.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $45.86 million for the quarter, compared to the consensus estimate of $24.93 million. Farmers & Merchants Bancorp had a return on equity of 7.16% and a net margin of 13.16%. On average, equities research analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.75 EPS for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 20th. Shareholders of record on Friday, December 27th were issued a dividend of $0.2213 per share. The ex-dividend date of this dividend was Friday, December 27th. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 3.30%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is currently 51.77%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

A number of large investors have recently made changes to their positions in FMAO. Larson Financial Group LLC bought a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter worth approximately $55,000. SG Americas Securities LLC purchased a new position in shares of Farmers & Merchants Bancorp in the third quarter worth $123,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Farmers & Merchants Bancorp during the third quarter valued at $220,000. Buckingham Capital Management Inc. purchased a new position in Farmers & Merchants Bancorp in the 3rd quarter worth $245,000. Finally, Inspire Investing LLC purchased a new stake in Farmers & Merchants Bancorp during the 4th quarter valued at about $415,000. 23.96% of the stock is owned by hedge funds and other institutional investors.

About Representative Latta

Bob Latta (Republican Party) is a member of the U.S. House, representing Ohio’s 5th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Latta (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 5th Congressional District. He declared candidacy for the general election scheduled on November 5, 2024. Latta was named Republican ranking member for the House Energy and Commerce Subcommittee on Communication and Technology during the 116th Congress. Previously, Latta served in the Ohio House of Representatives from 2001 to 2007 and the Ohio State Senate from 1997 to 2000.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.