Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Farmers & Merchants Bancorp, Inc. is the holding company for The Farmers & Merchants State Bank which operates as a locally owned and operated community bank serving Northwest Ohio and Northeast Indiana. The bank provides commercial banking, retail banking and other financial services through its 19 offices with locations in Fulton, Defiance, Henry, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana they have offices located in DeKalb and Steuben counties. Farmers & Merchants Bancorp, Inc. is based in Archbold, Ohio. “

Separately, ValuEngine upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a sell rating to a hold rating in a research note on Friday, May 1st.

Shares of FMAO stock opened at $22.17 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average price of $22.29 and a 200 day moving average price of $26.01. The company has a market cap of $251.97 million, a P/E ratio of 12.74 and a beta of 0.25. Farmers & Merchants Bancorp, Inc. has a 12 month low of $17.40 and a 12 month high of $31.80.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last issued its earnings results on Friday, April 24th. The financial services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $17.18 million during the quarter, compared to the consensus estimate of $16.40 million. Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 23.47% and a return on equity of 7.82%. On average, equities analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.54 EPS for the current year.

In related news, Director Jo Ellen Hornish acquired 4,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $19.63 per share, for a total transaction of $78,520.00. Following the completion of the purchase, the director now directly owns 24,395 shares of the company’s stock, valued at approximately $478,873.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders acquired 4,950 shares of company stock valued at $97,907 in the last 90 days. 9.96% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Bank of Montreal Can raised its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 45.0% in the fourth quarter. Bank of Montreal Can now owns 1,280 shares of the financial services provider’s stock valued at $39,000 after buying an additional 397 shares during the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of Farmers & Merchants Bancorp, Inc. (OH) in the first quarter valued at about $53,000. Citigroup Inc. raised its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 41.4% in the first quarter. Citigroup Inc. now owns 2,858 shares of the financial services provider’s stock valued at $74,000 after buying an additional 837 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 29.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,118 shares of the financial services provider’s stock valued at $81,000 after buying an additional 708 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Farmers & Merchants Bancorp, Inc. (OH) in the first quarter valued at about $112,000. 18.33% of the stock is owned by institutional investors and hedge funds.

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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