Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Lifted to “Sell” at ValuEngine

ValuEngine upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) from a strong sell rating to a sell rating in a research report released on Thursday morning, ValuEngine reports.

FMAO has been the topic of a number of other reports. Zacks Investment Research raised shares of Farmers & Merchants Bancorp, Inc. (OH) from a strong sell rating to a hold rating in a report on Tuesday, July 9th. Boenning Scattergood reissued a neutral rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a report on Monday, May 6th.

Shares of NASDAQ:FMAO traded up $0.21 during midday trading on Thursday, reaching $25.32. The company’s stock had a trading volume of 6 shares, compared to its average volume of 7,944. The firm has a market capitalization of $278.87 million, a price-to-earnings ratio of 15.07 and a beta of 0.22. Farmers & Merchants Bancorp, Inc. has a twelve month low of $25.07 and a twelve month high of $47.50. The firm has a fifty day moving average price of $28.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.97.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last released its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.07). The business had revenue of $17.52 million during the quarter, compared to analyst estimates of $15.64 million. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 9.22% and a net margin of 23.86%. Equities analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.72 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Monday, June 17th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, June 14th. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio (DPR) is presently 35.71%.

A number of hedge funds and other institutional investors have recently made changes to their positions in FMAO. BNP Paribas Arbitrage SA boosted its holdings in Farmers & Merchants Bancorp, Inc. (OH) by 46,375.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,859 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,855 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Farmers & Merchants Bancorp, Inc. (OH) by 259.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,255 shares of the financial services provider’s stock worth $125,000 after buying an additional 2,350 shares in the last quarter. Bank of America Corp DE boosted its holdings in Farmers & Merchants Bancorp, Inc. (OH) by 82.7% during the fourth quarter. Bank of America Corp DE now owns 5,069 shares of the financial services provider’s stock worth $195,000 after buying an additional 2,295 shares in the last quarter. Jane Street Group LLC purchased a new stake in Farmers & Merchants Bancorp, Inc. (OH) during the fourth quarter worth $201,000. Finally, American Century Companies Inc. purchased a new position in Farmers & Merchants Bancorp, Inc. (OH) during the fourth quarter valued at $343,000. 16.98% of the stock is currently owned by hedge funds and other institutional investors.

About Farmers & Merchants Bancorp, Inc. (OH)

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 deposit; and custodial services for individual retirement accounts and health savings accounts.

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