Trust Co. of Toledo NA OH Makes New Investment in Farmers & Merchants Bancorp Inc. $FMAO

Trust Co. of Toledo NA OH bought a new position in Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,940 shares of the financial services provider’s stock, valued at approximately $201,000.

Other large investors have also bought and sold shares of the company. Revisor Wealth Management LLC purchased a new stake in Farmers & Merchants Bancorp in the first quarter worth $278,000. Hicks Capital Management LLC purchased a new stake in Farmers & Merchants Bancorp in the first quarter worth $347,000. Carnegie Investment Counsel increased its position in Farmers & Merchants Bancorp by 61.5% in the first quarter. Carnegie Investment Counsel now owns 15,630 shares of the financial services provider’s stock worth $349,000 after buying an additional 5,951 shares during the last quarter. Jane Street Group LLC purchased a new stake in Farmers & Merchants Bancorp in the first quarter worth $380,000. Finally, Inspire Investing LLC increased its position in Farmers & Merchants Bancorp by 6.2% in the second quarter. Inspire Investing LLC now owns 15,229 shares of the financial services provider’s stock worth $385,000 after buying an additional 885 shares during the last quarter. 23.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Zacks Research downgraded Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers & Merchants Bancorp in a report on Wednesday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Farmers & Merchants Bancorp Price Performance

Farmers & Merchants Bancorp stock opened at $23.34 on Friday. Farmers & Merchants Bancorp Inc. has a one year low of $20.88 and a one year high of $34.15. The business has a fifty day moving average price of $25.54 and a 200-day moving average price of $24.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $320.22 million, a P/E ratio of 10.81 and a beta of 0.88.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Farmers & Merchants Bancorp had a return on equity of 8.66% and a net margin of 16.04%.The firm had revenue of $29.65 million during the quarter, compared to analyst estimates of $28.67 million. As a group, equities research analysts forecast that Farmers & Merchants Bancorp Inc. will post 1.82 EPS for the current year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 10th will be paid a dividend of $0.2275 per share. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.91 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, October 10th. Farmers & Merchants Bancorp’s dividend payout ratio is 40.74%.

Farmers & Merchants Bancorp 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.