Farmers & Merchants Bancorp, Inc. (OH) (FMAO) Issues Earnings Results

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) released its earnings results on Thursday. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02, MarketWatch Earnings reports. Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 26.50% and a return on equity of 10.78%. The company had revenue of $12.67 million for the quarter, compared to analysts’ expectations of $12.46 million.

Shares of Farmers & Merchants Bancorp, Inc. (OH) stock traded up $0.17 on Friday, hitting $42.50. 2,008 shares of the company traded hands, compared to its average volume of 10,224. The stock has a market cap of $386.49 million, a P/E ratio of 30.80 and a beta of 0.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.92 and a quick ratio of 0.92. Farmers & Merchants Bancorp, Inc. has a 52 week low of $34.46 and a 52 week high of $49.99.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 20th. Shareholders of record on Tuesday, October 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Monday, October 1st. Farmers & Merchants Bancorp, Inc. (OH)’s payout ratio is 40.58%.

In other news, CEO Paul S. Siebenmorgen sold 6,363 shares of Farmers & Merchants Bancorp, Inc. (OH) stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $42.11, for a total transaction of $267,945.93. Following the sale, the chief executive officer now owns 51,440 shares in the company, valued at $2,166,138.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Paul S. Siebenmorgen sold 6,397 shares of Farmers & Merchants Bancorp, Inc. (OH) stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $42.35, for a total transaction of $270,912.95. Following the sale, the chief executive officer now owns 59,734 shares in the company, valued at approximately $2,529,734.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,900 shares of company stock worth $756,467. Company insiders own 4.51% of the company’s stock.

A number of equities research analysts have commented on the stock. ValuEngine upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Boenning Scattergood restated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research note on Friday, August 24th. Finally, Zacks Investment Research upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, July 23rd.

Farmers & Merchants Bancorp, Inc. (OH) Company Profile

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking accounts; savings and time deposits, including certificates of deposits; and custodial services for individual retirement accounts and health savings accounts.

See Also: Earnings Reports

Earnings History for Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO)

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