Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Declares $0.22 Quarterly Dividend

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) declared a quarterly dividend on Wednesday, June 25th, Wall Street Journal reports. Shareholders of record on Monday, July 7th will be given a dividend of 0.2213 per share by the financial services provider on Sunday, July 20th. This represents a $0.89 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Monday, July 7th.

Farmers & Merchants Bancorp has a payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Farmers & Merchants Bancorp to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 44.1%.

Farmers & Merchants Bancorp Stock Performance

NASDAQ FMAO opened at $24.59 on Thursday. The firm has a 50-day moving average of $24.25 and a 200-day moving average of $25.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $337.37 million, a PE ratio of 12.17 and a beta of 0.86. Farmers & Merchants Bancorp has a 52-week low of $20.88 and a 52-week high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. Farmers & Merchants Bancorp had a net margin of 15.15% and a return on equity of 8.23%. The firm had revenue of $28.07 million for the quarter, compared to analysts’ expectations of $26.67 million. On average, sell-side analysts anticipate that Farmers & Merchants Bancorp will post 1.82 EPS for the current year.

Institutional Trading of Farmers & Merchants Bancorp

A hedge fund recently bought a new stake in Farmers & Merchants Bancorp stock. Jane Street Group LLC bought a new position in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,877 shares of the financial services provider’s stock, valued at approximately $380,000. Jane Street Group LLC owned approximately 0.12% of Farmers & Merchants Bancorp as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 23.96% of the company’s stock.

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.