Vanguard Group Inc. Buys 12,195 Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Vanguard Group Inc. lifted its stake in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 2.1% in the 1st quarter, HoldingsChannel reports. The fund owned 583,656 shares of the financial services provider’s stock after purchasing an additional 12,195 shares during the quarter. Vanguard Group Inc.’s holdings in Farmers & Merchants Bancorp were worth $13,010,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of Farmers & Merchants Bancorp by 79.7% in the 1st quarter. BNP Paribas Financial Markets now owns 6,459 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 2,864 shares in the last quarter. Buckingham Capital Management Inc. acquired a new position in Farmers & Merchants Bancorp during the 4th quarter valued at about $202,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in Farmers & Merchants Bancorp during the 1st quarter valued at about $41,525,000. Tufton Capital Management acquired a new position in Farmers & Merchants Bancorp during the 4th quarter valued at about $242,000. Finally, Revisor Wealth Management LLC acquired a new position in Farmers & Merchants Bancorp during the 1st quarter valued at about $547,000. 23.96% of the stock is owned by institutional investors.

Farmers & Merchants Bancorp Trading Up 0.3 %

Shares of NASDAQ:FMAO opened at $24.68 on Wednesday. The business’s 50-day moving average is $23.68 and its 200 day moving average is $22.16. Farmers & Merchants Bancorp, Inc. has a 1 year low of $16.90 and a 1 year high of $28.75. The firm has a market capitalization of $337.67 million, a P/E ratio of 15.52 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $44.83 million for the quarter, compared to analyst estimates of $24.39 million. Farmers & Merchants Bancorp had a return on equity of 6.84% and a net margin of 12.59%. On average, research analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.57 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 20th. Stockholders of record on Friday, July 5th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, July 5th. Farmers & Merchants Bancorp’s dividend payout ratio is presently 55.35%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their target price on Farmers & Merchants Bancorp from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 5th.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.