Farmers & Merchants Bancorp (NASDAQ:FMAO) Upgraded by Zacks Research to Strong-Buy Rating

Farmers & Merchants Bancorp (NASDAQ:FMAO) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Farmers & Merchants Bancorp Trading Up 0.9%

FMAO opened at $24.03 on Monday. Farmers & Merchants Bancorp 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 0.52, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $330.41 million, a price-to-earnings ratio of 10.36 and a beta of 0.88. The company’s 50 day simple moving average is $25.19 and its two-hundred day simple moving average is $25.03.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly 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 business had revenue of ($56.67) million for the quarter, compared to analyst estimates of $26.35 million. Farmers & Merchants Bancorp had a return on equity of 9.16% and a net margin of 17.03%. Analysts expect that Farmers & Merchants Bancorp will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hicks Capital Management LLC purchased a new position in shares of Farmers & Merchants Bancorp during the third quarter valued at approximately $363,000. TrueMark Investments LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter worth $559,000. Farther Finance Advisors LLC lifted its stake in shares of Farmers & Merchants Bancorp by 126.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,185 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,219 shares during the period. Abner Herrman & Brock LLC purchased a new stake in shares of Farmers & Merchants Bancorp in the third quarter valued at $222,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Farmers & Merchants Bancorp by 948.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 4,013 shares during the period. Hedge funds and other institutional investors own 23.96% of the company’s stock.

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.