Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.17 and traded as low as $24.59. Farmers & Merchants Bancorp shares last traded at $24.70, with a volume of 14,303 shares.

Farmers & Merchants Bancorp Trading Down 1.9 %

The company has a 50 day simple moving average of $27.38 and a 200 day simple moving average of $28.17. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $338.39 million, a PE ratio of 13.00 and a beta of 0.68.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 14.48%. Analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current year.

Farmers & Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, December 27th were given a $0.2213 dividend. The ex-dividend date was Friday, December 27th. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.58%. Farmers & Merchants Bancorp’s dividend payout ratio is 46.32%.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in shares of Farmers & Merchants Bancorp by 204.7% in the third quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 12,827 shares in the last quarter. Barclays PLC grew its position in shares of Farmers & Merchants Bancorp by 292.2% in the third quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 12,375 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Farmers & Merchants Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider’s stock valued at $8,011,000 after purchasing an additional 4,318 shares in the last quarter. State Street Corp grew its position in shares of Farmers & Merchants Bancorp by 4.0% in the third quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock valued at $6,665,000 after purchasing an additional 9,306 shares in the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of Farmers & Merchants Bancorp in the fourth quarter valued at approximately $415,000. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

About Farmers & Merchants Bancorp

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.