Farmers & Merchants Bancorp Inc. $FMAO Shares Sold by Mendel Money Management

Mendel Money Management reduced its position in Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) by 1.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 138,253 shares of the financial services provider’s stock after selling 1,435 shares during the quarter. Farmers & Merchants Bancorp comprises about 1.5% of Mendel Money Management’s holdings, making the stock its 22nd largest position. Mendel Money Management owned approximately 1.01% of Farmers & Merchants Bancorp worth $3,495,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FMAO. Trust Co. of Toledo NA OH acquired a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at $201,000. Revisor Wealth Management LLC purchased a new stake in Farmers & Merchants Bancorp in the 1st quarter valued at approximately $278,000. Carnegie Investment Counsel boosted its holdings in Farmers & Merchants Bancorp by 61.5% in the 1st quarter. Carnegie Investment Counsel now owns 15,630 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 5,951 shares in the last quarter. Jane Street Group LLC purchased a new stake in Farmers & Merchants Bancorp in the 1st quarter valued at approximately $380,000. Finally, Inspire Investing LLC boosted its holdings in Farmers & Merchants Bancorp by 6.2% in the 2nd quarter. Inspire Investing LLC now owns 15,229 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 885 shares in the last quarter. 23.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research lowered Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers & Merchants Bancorp in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Farmers & Merchants Bancorp Price Performance

Shares of NASDAQ:FMAO opened at $23.90 on Wednesday. The business’s 50 day simple moving average is $25.41 and its 200-day simple moving average is $24.96. The firm has a market capitalization of $327.91 million, a price-to-earnings ratio of 10.30 and a beta of 0.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. Farmers & Merchants Bancorp Inc. has a 12 month low of $20.88 and a 12 month high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Monday, October 27th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. The business had revenue of ($56.67) million for the quarter, compared to analyst estimates of $26.35 million. Farmers & Merchants Bancorp had a return on equity of 9.28% and a net margin of 17.03%. As a group, equities analysts forecast that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 10th were paid a dividend of $0.2275 per share. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.91 annualized dividend and a dividend yield of 3.8%. Farmers & Merchants Bancorp’s dividend payout ratio is presently 42.13%.

Farmers & Merchants Bancorp Profile

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.