Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04, Yahoo Finance reports. Farmers & Merchants Bancorp had a net margin of 14.62% and a return on equity of 7.46%. The firm had revenue of $42.60 million during the quarter, compared to the consensus estimate of $23.10 million.
Farmers & Merchants Bancorp Stock Performance
Shares of FMAO traded up $0.75 during midday trading on Thursday, hitting $21.92. 19,050 shares of the stock traded hands, compared to its average volume of 19,029. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.01 and a current ratio of 1.01. Farmers & Merchants Bancorp has a 1-year low of $16.90 and a 1-year high of $27.78. The business’s 50 day moving average price is $20.76 and its two-hundred day moving average price is $21.04. The firm has a market capitalization of $299.43 million, a PE ratio of 13.13 and a beta of 0.62.
Farmers & Merchants Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 29th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Wednesday, March 27th. Farmers & Merchants Bancorp’s dividend payout ratio is presently 52.69%.
Insider Activity at Farmers & Merchants Bancorp
Wall Street Analysts Forecast Growth
Separately, Hovde Group initiated coverage on shares of Farmers & Merchants Bancorp in a research report on Friday, April 5th. They issued a “market perform” rating and a $22.00 price target on the stock.
Get Our Latest Research Report on Farmers & Merchants Bancorp
Farmers & Merchants Bancorp Company Profile
Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.
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