Farmers & Merchants Bancorp (NASDAQ:FMAO) announced its earnings results on Tuesday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02), Fidelity Earnings reports. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 23.72%.
Farmers & Merchants Bancorp stock traded up $0.09 during midday trading on Thursday, hitting $21.99. The stock had a trading volume of 437 shares, compared to its average volume of 98,790. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $246.29 million, a PE ratio of 11.72 and a beta of 0.31. Farmers & Merchants Bancorp has a 12 month low of $19.50 and a 12 month high of $27.58. The business’s fifty day moving average is $21.91.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 20th. Investors of record on Monday, June 28th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.09%. The ex-dividend date was Friday, June 25th. Farmers & Merchants Bancorp’s dividend payout ratio is currently 40.48%.
Separately, Zacks Investment Research raised Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, July 14th.
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 account services, as well as savings and time deposit services, such as certificates of deposit; and custodial services for individual retirement and health savings accounts.
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