Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAOFree Report) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 36,557 shares of the financial services provider’s stock after selling 632 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Farmers & Merchants Bancorp were worth $1,011,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Farmers & Merchants Bancorp by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 54,529 shares of the financial services provider’s stock valued at $1,266,000 after acquiring an additional 4,765 shares during the last quarter. Perritt Capital Management Inc grew its position in shares of Farmers & Merchants Bancorp by 40.0% in the second quarter. Perritt Capital Management Inc now owns 7,000 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 2,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Farmers & Merchants Bancorp by 11.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 118,170 shares of the financial services provider’s stock worth $2,744,000 after purchasing an additional 12,223 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter worth approximately $220,000. Finally, SG Americas Securities LLC purchased a new stake in Farmers & Merchants Bancorp in the 3rd quarter valued at approximately $123,000. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Stock Performance

Farmers & Merchants Bancorp stock opened at $31.92 on Wednesday. Farmers & Merchants Bancorp, Inc. has a fifty-two week low of $18.99 and a fifty-two week high of $34.15. The company has a market capitalization of $437.20 million, a price-to-earnings ratio of 18.77 and a beta of 0.68. The stock has a fifty day moving average of $30.51 and a two-hundred day moving average of $26.88. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.08. Farmers & Merchants Bancorp had a net margin of 13.16% and a return on equity of 7.16%. The firm had revenue of $45.86 million during the quarter, compared to the consensus estimate of $24.93 million. On average, analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.74 EPS for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, October 4th were paid a $0.221 dividend. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, October 4th. Farmers & Merchants Bancorp’s payout ratio is presently 51.76%.

About Farmers & Merchants Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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