Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.92 and traded as low as $21.83. Farmers & Merchants Bancorp shares last traded at $21.89, with a volume of 34,139 shares changing hands.
Analyst Ratings Changes
FMAO has been the subject of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and set a $24.00 target price on shares of Farmers & Merchants Bancorp in a research report on Wednesday, June 12th. Hovde Group initiated coverage on shares of Farmers & Merchants Bancorp in a research report on Friday, April 5th. They set a “market perform” rating and a $22.00 price objective for the company.
View Our Latest Report on Farmers & Merchants Bancorp
Farmers & Merchants Bancorp Stock Down 1.2 %
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Farmers & Merchants Bancorp had a return on equity of 7.01% and a net margin of 13.34%. The business had revenue of $42.60 million during the quarter, compared to the consensus estimate of $23.10 million. On average, equities research analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.57 earnings per share for the current year.
Institutional Investors Weigh In On Farmers & Merchants Bancorp
Several hedge funds and other institutional investors have recently made changes to their positions in FMAO. Revisor Wealth Management LLC bought a new position in Farmers & Merchants Bancorp in the 3rd quarter valued at approximately $203,000. SG Americas Securities LLC bought a new position in shares of Farmers & Merchants Bancorp in the 4th quarter valued at $172,000. Tufton Capital Management bought a new position in shares of Farmers & Merchants Bancorp in the 4th quarter valued at $242,000. Buckingham Capital Management Inc. bought a new position in shares of Farmers & Merchants Bancorp in the 4th quarter valued at $202,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in Farmers & Merchants Bancorp during the 1st quarter worth $41,525,000. 23.96% of the stock is owned by institutional investors.
About Farmers & Merchants Bancorp
Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.
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