Farmers & Merchants Bancorp (NASDAQ:FMAO) Earns “Neutral” Rating from Piper Sandler

Piper Sandler reiterated their neutral rating on shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) in a report issued on Wednesday morning, Marketbeat reports. The brokerage currently has a $24.00 price objective on the financial services provider’s stock.

Separately, Hovde Group assumed coverage on Farmers & Merchants Bancorp in a research report on Friday, April 5th. They issued a market perform rating and a $22.00 target price for the company.

Farmers & Merchants Bancorp Stock Performance

Shares of Farmers & Merchants Bancorp stock opened at $21.74 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm has a market cap of $297.40 million, a PE ratio of 13.67 and a beta of 0.62. Farmers & Merchants Bancorp has a 52 week low of $16.90 and a 52 week high of $27.78. The business’s fifty day simple moving average is $21.54 and its 200-day simple moving average is $21.86.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The company had revenue of $42.60 million for the quarter, compared to the consensus estimate of $23.10 million. Farmers & Merchants Bancorp had a return on equity of 7.01% and a net margin of 13.34%. Equities analysts forecast that Farmers & Merchants Bancorp will post 1.58 earnings per share for the current year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 29th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.05%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 55.35%.

Institutional Trading of Farmers & Merchants Bancorp

A number of large investors have recently made changes to their positions in FMAO. BNP Paribas Financial Markets lifted its position in Farmers & Merchants Bancorp by 79.7% during the 1st quarter. BNP Paribas Financial Markets now owns 6,459 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 2,864 shares during the period. SG Americas Securities LLC acquired a new stake in Farmers & Merchants Bancorp during the 4th quarter worth approximately $172,000. Buckingham Capital Management Inc. acquired a new stake in Farmers & Merchants Bancorp during the 4th quarter worth approximately $202,000. Revisor Wealth Management LLC acquired a new stake in Farmers & Merchants Bancorp during the 3rd quarter worth approximately $203,000. Finally, Tufton Capital Management acquired a new stake in Farmers & Merchants Bancorp during the 4th quarter worth approximately $242,000. 23.96% of the stock is owned by institutional investors and hedge funds.

Farmers & Merchants Bancorp Company Profile

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, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.