Farmers & Merchants Bancorp (NASDAQ:FMAO) Shares Acquired Rep. Robert E. Latta

Representative Robert E. Latta (R-Ohio) recently bought shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO). In a filing disclosed on November 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on October 20th.

Farmers & Merchants Bancorp Stock Up 4.2 %

NASDAQ:FMAO opened at $32.09 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.00 and a quick ratio of 1.00. Farmers & Merchants Bancorp, Inc. has a one year low of $17.29 and a one year high of $32.84. The firm’s 50 day simple moving average is $27.36 and its 200 day simple moving average is $24.80. The company has a market cap of $439.60 million, a PE ratio of 18.88 and a beta of 0.63.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $45.86 million for the quarter, compared to analyst estimates of $24.93 million. Farmers & Merchants Bancorp had a net margin of 13.16% and a return on equity of 7.25%. On average, research analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.7 earnings per share for the current year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, October 4th were issued a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Friday, October 4th. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 51.76%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Farmers & Merchants Bancorp in the 3rd quarter valued at $123,000. BNP Paribas Financial Markets boosted its position in Farmers & Merchants Bancorp by 79.7% during the first quarter. BNP Paribas Financial Markets now owns 6,459 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 2,864 shares during the last quarter. Perritt Capital Management Inc grew its holdings in Farmers & Merchants Bancorp by 40.0% during the 2nd quarter. Perritt Capital Management Inc now owns 7,000 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 2,000 shares during the period. Trust Co. of Toledo NA OH bought a new position in shares of Farmers & Merchants Bancorp in the 3rd quarter worth about $220,000. Finally, Buckingham Capital Management Inc. acquired a new position in shares of Farmers & Merchants Bancorp in the 3rd quarter valued at about $245,000. Institutional investors own 23.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price target 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 Representative Latta

Bob Latta (Republican Party) is a member of the U.S. House, representing Ohio’s 5th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Latta (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 5th Congressional District. He declared candidacy for the general election scheduled on November 5, 2024. Latta was named Republican ranking member for the House Energy and Commerce Subcommittee on Communication and Technology during the 116th Congress. Previously, Latta served in the Ohio House of Representatives from 2001 to 2007 and the Ohio State Senate from 1997 to 2000.

Farmers & Merchants Bancorp Company Profile

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.