Insider Selling: Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) EVP Sells 656 Shares of Stock

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) EVP David R. Gerken sold 656 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.41, for a total value of $17,324.96. Following the completion of the sale, the executive vice president now owns 4,745 shares in the company, valued at $125,315.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Farmers & Merchants Bancorp Price Performance

Shares of Farmers & Merchants Bancorp stock opened at $27.10 on Thursday. Farmers & Merchants Bancorp, Inc. has a 1-year low of $16.90 and a 1-year high of $28.76. The firm’s 50-day moving average price is $26.86 and its two-hundred day moving average price is $24.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $370.78 million, a price-to-earnings ratio of 17.04 and a beta of 0.63.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Farmers & Merchants Bancorp had a return on equity of 6.79% and a net margin of 12.59%. The business had revenue of $44.83 million for the quarter, compared to analyst estimates of $24.39 million. On average, equities analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.59 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, October 4th were issued a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, October 4th. Farmers & Merchants Bancorp’s payout ratio is currently 55.35%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on shares of Farmers & Merchants Bancorp from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, August 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mendel Money Management raised its stake in shares of Farmers & Merchants Bancorp by 239.4% in the first quarter. Mendel Money Management now owns 144,753 shares of the financial services provider’s stock worth $3,227,000 after acquiring an additional 248,586 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Farmers & Merchants Bancorp by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 118,170 shares of the financial services provider’s stock valued at $2,744,000 after purchasing an additional 12,223 shares in the last quarter. Vanguard Group Inc. raised its position in Farmers & Merchants Bancorp by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 583,656 shares of the financial services provider’s stock worth $13,010,000 after purchasing an additional 12,195 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in Farmers & Merchants Bancorp during the 1st quarter worth $41,525,000. Finally, Trust Co. of Toledo NA OH bought a new position in Farmers & Merchants Bancorp in the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 23.96% of the company’s stock.

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.