Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,557 shares of the financial services provider’s stock after selling 632 shares during the period. Charles Schwab Investment Management Inc. owned about 0.27% of Farmers & Merchants Bancorp worth $1,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Perritt Capital Management Inc increased its stake in Farmers & Merchants Bancorp by 40.0% in the second quarter. Perritt Capital Management Inc now owns 7,000 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 2,000 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Farmers & Merchants Bancorp during the 3rd quarter worth $123,000. Bank of New York Mellon Corp lifted its position in Farmers & Merchants Bancorp by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 54,529 shares of the financial services provider’s stock valued at $1,266,000 after acquiring an additional 4,765 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Farmers & Merchants Bancorp in the third quarter valued at $220,000. Finally, Buckingham Capital Management Inc. acquired a new stake in shares of Farmers & Merchants Bancorp during the third quarter worth about $245,000. 23.96% of the stock is owned by institutional investors and hedge funds.

Farmers & Merchants Bancorp Stock Down 2.4 %

Shares of NASDAQ FMAO opened at $31.92 on Wednesday. The stock has a market cap of $437.20 million, a PE ratio of 18.77 and a beta of 0.68. Farmers & Merchants Bancorp, Inc. has a 52-week low of $18.99 and a 52-week high of $34.15. The business has a 50-day moving average price of $30.51 and a 200 day moving average price of $26.88. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.40 by $0.08. The firm had revenue of $45.86 million during the quarter, compared to the consensus estimate of $24.93 million. Farmers & Merchants Bancorp had a net margin of 13.16% and a return on equity of 7.16%. Equities research analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.74 earnings per share for the current year.

Farmers & Merchants Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, October 20th. Stockholders of record on Friday, October 4th were issued a $0.221 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.77%. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. Farmers & Merchants Bancorp’s payout ratio is presently 51.76%.

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.