ValuEngine Upgrades Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) to Sell

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

Other equities research analysts have also issued research reports about the stock. Boenning Scattergood reaffirmed a “neutral” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research note on Monday, May 6th. Zacks Investment Research raised shares of Farmers & Merchants Bancorp, Inc. (OH) from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 9th.

Shares of NASDAQ:FMAO traded down $1.79 during trading on Thursday, reaching $26.85. 13,100 shares of the company traded hands, compared to its average volume of 14,765. The company has a fifty day simple moving average of $28.41. The firm has a market cap of $317.19 million, a price-to-earnings ratio of 15.98 and a beta of 0.20. Farmers & Merchants Bancorp, Inc. has a 1-year low of $26.68 and a 1-year high of $47.50. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.23.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last issued its earnings results on Friday, July 19th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The company had revenue of $17.52 million for the quarter, compared to analyst estimates of $15.64 million. Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 23.86% and a return on equity of 9.22%. As a group, research analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.72 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. BKD Wealth Advisors LLC acquired a new position in Farmers & Merchants Bancorp, Inc. (OH) during the 2nd quarter worth $4,808,000. American Century Companies Inc. acquired a new position in Farmers & Merchants Bancorp, Inc. (OH) in the fourth quarter valued at about $343,000. Jane Street Group LLC acquired a new position in Farmers & Merchants Bancorp, Inc. (OH) in the fourth quarter valued at about $201,000. Geode Capital Management LLC boosted its position in Farmers & Merchants Bancorp, Inc. (OH) by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 87,938 shares of the financial services provider’s stock valued at $3,384,000 after buying an additional 5,111 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Farmers & Merchants Bancorp, Inc. (OH) by 11.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 23,490 shares of the financial services provider’s stock valued at $904,000 after buying an additional 2,451 shares in the last quarter. 17.00% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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