Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Announces Quarterly Dividend of $0.23

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) declared a quarterly dividend on Tuesday, December 16th. Investors of record on Monday, December 29th will be paid a dividend of 0.23 per share by the financial services provider on Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, December 29th. This is a 1.1% increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.23.

Farmers & Merchants Bancorp has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 19 years. Farmers & Merchants Bancorp has a payout ratio of 40.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Farmers & Merchants Bancorp to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.91 annual dividend with an expected future payout ratio of 45.0%.

Farmers & Merchants Bancorp Trading Up 1.1%

FMAO traded up $0.29 during trading on Wednesday, hitting $27.67. 3,528 shares of the stock traded hands, compared to its average volume of 19,995. The firm has a 50-day moving average of $24.65 and a 200 day moving average of $25.13. Farmers & Merchants Bancorp has a 12-month low of $20.88 and a 12-month high of $31.92. The firm has a market capitalization of $380.46 million, a P/E ratio of 11.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.97.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its earnings results on Monday, October 27th. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Farmers & Merchants Bancorp had a net margin of 17.03% and a return on equity of 9.16%. The company had revenue of $31.26 million during the quarter, compared to analyst estimates of $26.35 million. Equities research analysts anticipate that Farmers & Merchants Bancorp will post 1.82 EPS for the current year.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Several hedge funds have recently bought and sold shares of the business. Strategic Financial Concepts LLC bought a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth approximately $283,000. Los Angeles Capital Management LLC purchased a new stake in shares of Farmers & Merchants Bancorp in the second quarter worth $367,000. Inspire Investing LLC increased its holdings in shares of Farmers & Merchants Bancorp by 6.2% during the second quarter. Inspire Investing LLC now owns 15,229 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 885 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in Farmers & Merchants Bancorp in the 2nd quarter worth about $201,000. Finally, Nuveen LLC purchased a new stake in Farmers & Merchants Bancorp during the 1st quarter valued at about $817,000. Institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.