Farmers & Merchants Bancorp Inc. (FMAO) to Distribute Quarterly Dividend of $0.23 on July 20th

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) declared a quarterly dividend on Tuesday, June 30th. Stockholders of record on Friday, July 10th will be given a dividend of 0.23 per share by the financial services provider on Monday, July 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 10th.

Farmers & Merchants Bancorp has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 19 years. Farmers & Merchants Bancorp has a payout ratio of 40.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Farmers & Merchants Bancorp to earn $3.01 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 30.6%.

Farmers & Merchants Bancorp Stock Down 1.8%

Farmers & Merchants Bancorp stock opened at $30.30 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50-day moving average is $28.32 and its 200-day moving average is $26.94. The firm has a market capitalization of $417.23 million, a PE ratio of 11.61 and a beta of 0.81. Farmers & Merchants Bancorp has a fifty-two week low of $22.77 and a fifty-two week high of $32.00.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. The company had revenue of $32.44 million during the quarter, compared to analysts’ expectations of $32.54 million. Sell-side analysts anticipate that Farmers & Merchants Bancorp will post 2.83 earnings per share for the current year.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp (NASDAQ:FMAO) is the bank holding company for Farmers & Merchants Bank of Central California, a community-focused institution headquartered in Los Banos, California. The bank traces its roots to 1916 and has grown to serve individuals, businesses and agricultural enterprises throughout the western San Joaquin Valley. Operating with a commitment to local decision-making, the company emphasizes personalized service and close ties to the communities in which it operates.

Through its banking subsidiary, Farmers & Merchants offers a comprehensive suite of financial products and services, including checking and savings accounts, certificates of deposit, online and mobile banking platforms, and merchant services.