Rhumbline Advisers Takes $296,000 Position in Farmers & Merchants Bancorp Inc. (FMAO)

Rhumbline Advisers bought a new position in Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,779 shares of the financial services provider’s stock, valued at approximately $296,000. Rhumbline Advisers owned 0.10% of Farmers & Merchants Bancorp at the end of the most recent quarter.

Separately, Tufton Capital Management bought a new stake in Farmers & Merchants Bancorp in the 2nd quarter worth approximately $457,000. 3.88% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Rhumbline Advisers Takes $296,000 Position in Farmers & Merchants Bancorp Inc. (FMAO)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/11/rhumbline-advisers-takes-296000-position-in-farmers-merchants-bancorp-inc-fmao.html.

FMAO has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $32.50 target price for the company in a research report on Tuesday, July 25th. ValuEngine raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd.

Shares of Farmers & Merchants Bancorp Inc. (FMAO) opened at 41.31 on Wednesday. The company has a market cap of $378.19 million, a P/E ratio of 31.11 and a beta of 0.06. Farmers & Merchants Bancorp Inc. has a 52-week low of $15.85 and a 52-week high of $43.90. The firm has a 50-day moving average of $36.33 and a 200-day moving average of $28.93.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The firm had revenue of $11.64 million for the quarter, compared to analyst estimates of $11.49 million. Farmers & Merchants Bancorp had a net margin of 24.37% and a return on equity of 9.60%. Equities research analysts forecast that Farmers & Merchants Bancorp Inc. will post $1.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Tuesday, September 26th will be paid a $0.13 dividend. The ex-dividend date is Monday, September 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.26%. Farmers & Merchants Bancorp’s payout ratio is currently 39.25%.

In other news, insider Edward A. Leininger sold 2,230 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $71.62, for a total value of $159,712.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony Rupp sold 2,072 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $87.10, for a total transaction of $180,471.20. The disclosure for this sale can be found here. Insiders sold 4,927 shares of company stock worth $390,809 in the last quarter. Company insiders own 5.03% of the company’s stock.

Farmers & Merchants Bancorp Profile

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.

Want to see what other hedge funds are holding FMAO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO).

Institutional Ownership by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)COPYRIGHT VIOLATION NOTICE: “Rhumbline Advisers Takes $296,000 Position in Farmers & Merchants Bancorp Inc. (FMAO)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/11/rhumbline-advisers-takes-296000-position-in-farmers-merchants-bancorp-inc-fmao.html.

FMAO has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $32.50 target price for the company in a research report on Tuesday, July 25th. ValuEngine raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd.

Shares of Farmers & Merchants Bancorp Inc. (FMAO) opened at 41.31 on Wednesday. The company has a market cap of $378.19 million, a P/E ratio of 31.11 and a beta of 0.06. Farmers & Merchants Bancorp Inc. has a 52-week low of $15.85 and a 52-week high of $43.90. The firm has a 50-day moving average of $36.33 and a 200-day moving average of $28.93.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The firm had revenue of $11.64 million for the quarter, compared to analyst estimates of $11.49 million. Farmers & Merchants Bancorp had a net margin of 24.37% and a return on equity of 9.60%. Equities research analysts forecast that Farmers & Merchants Bancorp Inc. will post $1.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Tuesday, September 26th will be paid a $0.13 dividend. The ex-dividend date is Monday, September 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.26%. Farmers & Merchants Bancorp’s payout ratio is currently 39.25%.

In other news, insider Edward A. Leininger sold 2,230 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $71.62, for a total value of $159,712.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony Rupp sold 2,072 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $87.10, for a total transaction of $180,471.20. The disclosure for this sale can be found here. Insiders sold 4,927 shares of company stock worth $390,809 in the last quarter. Company insiders own 5.03% of the company’s stock.

Farmers & Merchants Bancorp Profile

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.

Want to see what other hedge funds are holding FMAO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO).

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

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