11,986 Shares in Farmers & Merchants Bancorp Inc. (FMAO) Purchased by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC acquired a new stake in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,986 shares of the financial services provider’s stock, valued at approximately $743,000. TIAA CREF Investment Management LLC owned 0.26% of Farmers & Merchants Bancorp at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Rhumbline Advisers bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at $296,000. Tufton Capital Management bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at $457,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at $472,000. Teachers Advisors LLC bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at $498,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at $791,000. 4.69% of the stock is owned by hedge funds and other institutional investors.

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A number of research firms recently weighed in on FMAO. Zacks Investment Research cut shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. ValuEngine upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, Boenning Scattergood restated a “hold” rating on shares of Farmers & Merchants Bancorp in a research note on Thursday, October 19th.

In other Farmers & Merchants Bancorp news, insider Edward A. Leininger sold 2,230 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $71.62, for a total value of $159,712.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony Rupp sold 2,072 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $87.10, for a total transaction of $180,471.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,183 shares of company stock worth $439,793. 5.03% of the stock is owned by corporate insiders.

Farmers & Merchants Bancorp Inc. (NASDAQ FMAO) opened at $35.84 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.92 and a current ratio of 0.92. Farmers & Merchants Bancorp Inc. has a one year low of $16.50 and a one year high of $43.90. The firm has a market cap of $332.30, a price-to-earnings ratio of 26.56 and a beta of 0.06.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Farmers & Merchants Bancorp had a net margin of 24.46% and a return on equity of 9.65%. The company had revenue of $11.84 million for the quarter, compared to analysts’ expectations of $11.85 million. research analysts expect that Farmers & Merchants Bancorp Inc. will post 1.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Tuesday, September 26th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, September 25th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 38.52%.

Farmers & Merchants Bancorp Profile

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.

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Institutional Ownership by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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