Metropolitan Life Insurance Co. NY Boosts Holdings in Farmers & Merchants Bancorp, Inc. (OH) (FMAO)

Metropolitan Life Insurance Co. NY raised its position in shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) by 259.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,255 shares of the financial services provider’s stock after acquiring an additional 2,350 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Farmers & Merchants Bancorp, Inc. (OH) were worth $125,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its position in Farmers & Merchants Bancorp, Inc. (OH) by 82.7% during the fourth quarter. Bank of America Corp DE now owns 5,069 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 2,295 shares during the period. Renaissance Technologies LLC purchased a new stake in Farmers & Merchants Bancorp, Inc. (OH) during the third quarter valued at about $247,000. MetLife Investment Advisors LLC grew its position in Farmers & Merchants Bancorp, Inc. (OH) by 58.7% during the third quarter. MetLife Investment Advisors LLC now owns 6,356 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 2,350 shares during the period. Rhumbline Advisers lifted its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 47.9% during the fourth quarter. Rhumbline Advisers now owns 12,116 shares of the financial services provider’s stock worth $466,000 after purchasing an additional 3,925 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 34.7% during the third quarter. Dimensional Fund Advisors LP now owns 21,039 shares of the financial services provider’s stock worth $896,000 after purchasing an additional 5,421 shares in the last quarter. 15.53% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on FMAO. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. ValuEngine upgraded Farmers & Merchants Bancorp, Inc. (OH) from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Finally, Boenning Scattergood restated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research note on Wednesday, February 20th.

Shares of FMAO opened at $30.62 on Friday. The stock has a market cap of $340.10 million, a price-to-earnings ratio of 18.23 and a beta of 0.13. Farmers & Merchants Bancorp, Inc. has a 12 month low of $26.68 and a 12 month high of $49.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 0.94.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last issued its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $12.95 million for the quarter, compared to analyst estimates of $12.96 million. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 11.31% and a net margin of 26.09%. As a group, equities research analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Tuesday, March 26th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, March 25th. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio is presently 35.71%.

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About Farmers & Merchants Bancorp, Inc. (OH)

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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Institutional Ownership by Quarter for Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO)

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