Farmers & Merchants Bancorp Inc. $FMAO Shares Sold by Mendel Money Management

Mendel Money Management trimmed its holdings in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) by 1.0% in the second quarter, HoldingsChannel reports. The firm owned 138,253 shares of the financial services provider’s stock after selling 1,435 shares during the period. Farmers & Merchants Bancorp makes up about 1.5% of Mendel Money Management’s portfolio, making the stock its 22nd biggest holding. Mendel Money Management’s holdings in Farmers & Merchants Bancorp were worth $3,495,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FMAO. Nuveen LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 1st quarter worth approximately $817,000. Jane Street Group LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 1st quarter worth approximately $380,000. Revisor Wealth Management LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 1st quarter worth approximately $278,000. Trust Co. of Toledo NA OH purchased a new position in shares of Farmers & Merchants Bancorp during the 2nd quarter worth approximately $201,000. Finally, Carnegie Investment Counsel boosted its stake in shares of Farmers & Merchants Bancorp by 61.5% during the first quarter. Carnegie Investment Counsel now owns 15,630 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 5,951 shares during the last quarter. 23.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on FMAO shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers & Merchants Bancorp in a research note on Wednesday, October 8th. Zacks Research lowered Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Farmers & Merchants Bancorp has a consensus rating of “Hold”.

Farmers & Merchants Bancorp Stock Performance

Shares of FMAO opened at $23.90 on Wednesday. The company has a market capitalization of $327.91 million, a price-to-earnings ratio of 10.30 and a beta of 0.88. The company’s 50 day simple moving average is $25.41 and its 200 day simple moving average is $24.96. Farmers & Merchants Bancorp Inc. has a 1 year low of $20.88 and a 1 year high of $34.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Monday, October 27th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. The firm had revenue of ($56.67) million during the quarter, compared to analyst estimates of $26.35 million. Farmers & Merchants Bancorp had a return on equity of 9.28% and a net margin of 17.03%. On average, sell-side analysts predict that Farmers & Merchants Bancorp Inc. will post 1.82 EPS for the current year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 10th were paid a $0.2275 dividend. The ex-dividend date was Friday, October 10th. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.91 annualized dividend and a yield of 3.8%. Farmers & Merchants Bancorp’s payout ratio is currently 42.13%.

Farmers & Merchants Bancorp Profile

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.