Zacks: Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Given Consensus Recommendation of “Hold” by Brokerages

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also assigned Farmers & Merchants Bancorp, Inc. (OH) an industry rank of 161 out of 256 based on the ratings given to related companies.

Several research analysts have recently commented on FMAO shares. Zacks Investment Research downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “sell” rating in a report on Friday, March 15th. ValuEngine downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “strong sell” rating in a report on Thursday, March 14th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a report on Wednesday, February 20th.

FMAO stock traded up $1.16 during mid-day trading on Monday, hitting $29.71. 16,317 shares of the stock were exchanged, compared to its average volume of 12,800. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Farmers & Merchants Bancorp, Inc. has a 12 month low of $26.68 and a 12 month high of $49.99. The firm has a market cap of $317.11 million, a P/E ratio of 17.68 and a beta of 0.24.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last issued its quarterly earnings results on Friday, April 26th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.08). The firm had revenue of $15.47 million for the quarter, compared to the consensus estimate 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, research analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Monday, June 17th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.02%. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio is currently 35.71%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMAO. BNP Paribas Arbitrage SA increased its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 46,375.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,859 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,855 shares during the period. Advisor Group Inc. increased its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 20.4% in the first quarter. Advisor Group Inc. now owns 2,416 shares of the financial services provider’s stock worth $73,000 after buying an additional 410 shares during the period. Metropolitan Life Insurance Co. NY increased its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 259.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,255 shares of the financial services provider’s stock worth $125,000 after buying an additional 2,350 shares during the period. Bank of America Corp DE increased its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 82.7% in the fourth quarter. Bank of America Corp DE now owns 5,069 shares of the financial services provider’s stock worth $195,000 after buying an additional 2,295 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) in the fourth quarter worth about $201,000. Hedge funds and other institutional investors own 15.82% of the company’s stock.

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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