Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.54 and traded as low as $21.48. Farmers & Merchants Bancorp shares last traded at $21.91, with a volume of 16,880 shares traded.

Farmers & Merchants Bancorp Stock Performance

The firm has a market capitalization of $296.61 million, a price-to-earnings ratio of 11.39 and a beta of 0.75. The firm has a 50 day moving average price of $24.53 and a 200-day moving average price of $27.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 14.48%. As a group, sell-side analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, April 4th will be paid a $0.2213 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.89 dividend on an annualized basis and a yield of 4.09%. Farmers & Merchants Bancorp’s dividend payout ratio is currently 46.32%.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

A number of large investors have recently modified their holdings of the company. State Street Corp increased its holdings in 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 valued at $6,665,000 after buying an additional 9,306 shares during the last quarter. Barclays PLC boosted its holdings in Farmers & Merchants Bancorp by 292.2% in the third quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 12,375 shares in the last quarter. Geode Capital Management LLC increased its stake in Farmers & Merchants Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider’s stock valued at $8,011,000 after purchasing an additional 4,318 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Farmers & Merchants Bancorp by 204.7% during the third quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 12,827 shares in the last quarter. Finally, Ellsworth Advisors LLC purchased a new stake in shares of Farmers & Merchants Bancorp during the 4th quarter worth approximately $585,000. 23.96% of the stock is owned by hedge funds and other institutional investors.

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.