Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) announced a quarterly dividend on Tuesday, June 13th, NASDAQ reports. Stockholders of record on Monday, June 26th will be given a dividend of 0.25 per share by the financial services provider on Thursday, July 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, June 22nd. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.21.
Shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) opened at 54.80 on Friday. The firm has a market capitalization of $250.82 million, a price-to-earnings ratio of 21.04 and a beta of 0.06. The stock’s 50 day moving average price is $51.77 and its 200 day moving average price is $42.27. Farmers & Merchants Bancorp has a 12-month low of $28.20 and a 12-month high of $60.00.
Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its earnings results on Wednesday, April 19th. The financial services provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $11.13 million during the quarter, compared to the consensus estimate of $11.41 million. Farmers & Merchants Bancorp had a return on equity of 9.52% and a net margin of 24.18%. Equities research analysts expect that Farmers & Merchants Bancorp will post $2.60 earnings per share for the current year.
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In other Farmers & Merchants Bancorp news, Director Eugene N. Burkholder sold 1,571 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $55.75, for a total value of $87,583.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eugene N. Burkholder sold 2,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $55.00, for a total value of $110,000.00. The disclosure for this sale can be found here. Insiders sold a total of 3,871 shares of company stock worth $214,983 over the last 90 days. Corporate insiders own 5.03% of the company’s stock.
A number of equities analysts have weighed in on the company. ValuEngine upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th.
Farmers & Merchants Bancorp Company Profile
Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.
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