Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) CEO Paul S. Siebenmorgen sold 6,397 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $42.35, for a total value of $270,912.95. Following the sale, the chief executive officer now directly owns 59,734 shares in the company, valued at approximately $2,529,734.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of FMAO traded down $1.40 during trading hours on Friday, reaching $41.85. The stock had a trading volume of 11,937 shares, compared to its average volume of 10,133. The stock has a market capitalization of $394.55 million, a price-to-earnings ratio of 30.33 and a beta of 0.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 0.92. Farmers & Merchants Bancorp, Inc. has a 12 month low of $34.46 and a 12 month high of $49.99.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last announced its earnings results on Wednesday, July 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.05. The business had revenue of $12.82 million during the quarter, compared to analyst estimates of $12.52 million. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 10.78% and a net margin of 26.50%. As a group, equities analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 20th. Investors of record on Tuesday, October 2nd will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Monday, October 1st. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio is currently 40.58%.

A number of equities research analysts have weighed in on the company. ValuEngine raised Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research note on Friday, August 24th. Finally, Zacks Investment Research upgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Monday, July 23rd.

A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) in the 2nd quarter worth about $290,000. SG Americas Securities LLC bought a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) in the 2nd quarter worth about $111,000. BlackRock Inc. raised its position in shares of Farmers & Merchants Bancorp, Inc. (OH) by 2.0% in the 1st quarter. BlackRock Inc. now owns 400,820 shares of the financial services provider’s stock worth $16,180,000 after acquiring an additional 7,773 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Farmers & Merchants Bancorp, Inc. (OH) by 66.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,672 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 4,244 shares in the last quarter. Finally, California Public Employees Retirement System bought a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) in the 1st quarter worth about $320,000. 15.66% 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 deposits; and custodial services for individual retirement accounts and health savings accounts.

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