Farmers & Merchants Bancorp (NASDAQ:FMAO) Releases Earnings Results, Misses Expectations By $0.02 EPS

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%.

In other Farmers & Merchants Bancorp news, Director Andrew J. Briggs sold 1,700 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Monday, June 21st. The stock was sold at an average price of $22.01, for a total value of $37,417.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew J. Briggs sold 2,000 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Thursday, June 24th. The shares were sold at an average price of $22.04, for a total value of $44,080.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,799 shares of company stock valued at $215,747. 8.53% of the stock is owned by corporate insiders.

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.

Further Reading: Upside/Downside

Earnings History for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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