Barclays PLC Acquires 12,375 Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Barclays PLC boosted its stake in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 292.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,610 shares of the financial services provider’s stock after purchasing an additional 12,375 shares during the period. Barclays PLC owned about 0.12% of Farmers & Merchants Bancorp worth $460,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. State Street Corp grew its stake in Farmers & Merchants Bancorp by 4.0% during the third quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock worth $6,665,000 after purchasing an additional 9,306 shares during the period. Larson Financial Group LLC bought a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter worth approximately $55,000. Dimensional Fund Advisors LP grew its position in shares of Farmers & Merchants Bancorp by 11.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 118,170 shares of the financial services provider’s stock worth $2,744,000 after buying an additional 12,223 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Farmers & Merchants Bancorp in the 3rd quarter valued at $220,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Farmers & Merchants Bancorp by 9.6% in the 2nd 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 in the last quarter. 23.96% of the stock is owned by institutional investors.

Farmers & Merchants Bancorp Stock Performance

Shares of Farmers & Merchants Bancorp stock opened at $28.35 on Friday. The business has a 50-day simple moving average of $30.94 and a 200 day simple moving average of $27.44. Farmers & Merchants Bancorp, Inc. has a one year low of $18.99 and a one year high of $34.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $388.37 million, a price-to-earnings ratio of 16.68 and a beta of 0.68.

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

Farmers & Merchants Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Friday, December 27th will be given a $0.2213 dividend. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.89 annualized dividend and a yield of 3.12%. Farmers & Merchants Bancorp’s payout ratio is currently 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.