Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Short Interest Update

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 264,000 shares, a growth of 10.2% from the May 30th total of 239,500 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average trading volume of 16,000 shares, the days-to-cover ratio is currently 16.5 days.

FMAO has been the subject of a number of recent research reports. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research report on Monday, May 6th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BKD Wealth Advisors LLC purchased a new position in Farmers & Merchants Bancorp, Inc. (OH) in the 2nd quarter valued at approximately $4,808,000. Geode Capital Management LLC increased its stake in Farmers & Merchants Bancorp, Inc. (OH) by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 87,938 shares of the financial services provider’s stock valued at $3,384,000 after purchasing an additional 5,111 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Farmers & Merchants Bancorp, Inc. (OH) by 11.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 23,490 shares of the financial services provider’s stock valued at $904,000 after purchasing an additional 2,451 shares in the last quarter. Rhumbline Advisers increased its stake in Farmers & Merchants Bancorp, Inc. (OH) by 47.9% in the 4th quarter. Rhumbline Advisers now owns 12,116 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 3,925 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Farmers & Merchants Bancorp, Inc. (OH) in the 4th quarter valued at approximately $343,000. 15.82% of the stock is owned by hedge funds and other institutional investors.

Farmers & Merchants Bancorp, Inc. (OH) stock opened at $28.98 on Tuesday. Farmers & Merchants Bancorp, Inc. has a twelve month low of $26.68 and a twelve month high of $48.60. The stock’s 50 day moving average is $28.76. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market cap of $320.99 million, a PE ratio of 17.25 and a beta of 0.20.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last issued its earnings results on Friday, April 26th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.08). The business had revenue of $15.47 million for the quarter, compared to analysts’ expectations of $15.90 million. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 10.16% and a net margin of 23.20%. As a group, equities analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Monday, June 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Friday, June 14th. Farmers & Merchants Bancorp, Inc. (OH)’s payout ratio is currently 35.71%.

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

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