Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Director Jo Ellen Hornish Acquires 1,500 Shares

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Director Jo Ellen Hornish acquired 1,500 shares of Farmers & Merchants Bancorp, Inc. (OH) stock in a transaction on Friday, November 29th. The shares were bought at an average cost of $25.75 per share, for a total transaction of $38,625.00. Following the completion of the purchase, the director now directly owns 22,000 shares of the company’s stock, valued at $566,500. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Jo Ellen Hornish also recently made the following trade(s):

  • On Monday, November 25th, Jo Ellen Hornish acquired 382 shares of Farmers & Merchants Bancorp, Inc. (OH) stock. The shares were bought at an average cost of $25.84 per share, for a total transaction of $9,870.88.
  • On Thursday, November 21st, Jo Ellen Hornish acquired 2,500 shares of Farmers & Merchants Bancorp, Inc. (OH) stock. The shares were bought at an average cost of $25.77 per share, for a total transaction of $64,425.00.

Shares of NASDAQ FMAO traded down $0.08 during trading hours on Monday, reaching $25.87. The stock had a trading volume of 80 shares, compared to its average volume of 7,739. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24. The firm has a market cap of $289.01 million, a price-to-earnings ratio of 15.45 and a beta of 0.29. The business’s fifty day moving average price is $25.66 and its two-hundred day moving average price is $27.05. Farmers & Merchants Bancorp, Inc. has a 52-week low of $24.30 and a 52-week high of $41.91.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last announced its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.03). The firm had revenue of $16.06 million during the quarter, compared to analysts’ expectations of $15.28 million. Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 22.57% and a return on equity of 8.41%. Equities research analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.58 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 49.0% in the second quarter. Renaissance Technologies LLC now owns 36,200 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 11,900 shares during the period. Rhumbline Advisers grew its position in Farmers & Merchants Bancorp, Inc. (OH) by 9.6% during the third quarter. Rhumbline Advisers now owns 15,603 shares of the financial services provider’s stock worth $405,000 after buying an additional 1,361 shares during the period. F3Logic LLC grew its position in Farmers & Merchants Bancorp, Inc. (OH) by 4.7% during the second quarter. F3Logic LLC now owns 87,673 shares of the financial services provider’s stock worth $2,552,000 after buying an additional 3,961 shares during the period. Bank of New York Mellon Corp grew its position in Farmers & Merchants Bancorp, Inc. (OH) by 18.2% during the second quarter. Bank of New York Mellon Corp now owns 41,089 shares of the financial services provider’s stock worth $1,197,000 after buying an additional 6,315 shares during the period. Finally, BlackRock Inc. grew its position in Farmers & Merchants Bancorp, Inc. (OH) by 21.7% during the second quarter. BlackRock Inc. now owns 555,651 shares of the financial services provider’s stock worth $16,181,000 after buying an additional 99,207 shares during the period. Hedge funds and other institutional investors own 17.34% of the company’s stock.

Several equities research analysts have weighed in on the company. ValuEngine raised Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Sandler O’Neill assumed coverage on Farmers & Merchants Bancorp, Inc. (OH) in a research note on Wednesday, October 2nd. They set a “hold” rating and a $27.00 price objective on the stock.

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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