Farmers & Merchants Bancorp (NASDAQ:FMAO) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Farmers & Merchants Bancorp (NASDAQ:FMAO) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13, Zacks reports. Farmers & Merchants Bancorp had a return on equity of 7.16% and a net margin of 13.16%.

Farmers & Merchants Bancorp Stock Performance

FMAO opened at $26.06 on Thursday. The firm has a market cap of $357.02 million, a P/E ratio of 15.33 and a beta of 0.68. Farmers & Merchants Bancorp has a 1-year low of $18.99 and a 1-year high of $34.15. The company has a 50 day simple moving average of $28.59 and a two-hundred day simple moving average of $28.15. 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 Increases Dividend

The company 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 was Friday, December 27th. This represents a $0.89 annualized dividend and a yield of 3.40%. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. Farmers & Merchants Bancorp’s payout ratio is currently 51.77%.

About Farmers & Merchants Bancorp

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.