Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Acquired Rep. Robert E. Latta

Representative Robert E. Latta (R-Ohio) recently bought shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO). In a filing disclosed on January 24th, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on January 20th.

Farmers & Merchants Bancorp Stock Performance

Shares of NASDAQ:FMAO opened at $27.20 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $372.64 million, a P/E ratio of 16.00 and a beta of 0.69. The business has a 50-day moving average price of $29.93 and a two-hundred day moving average price of $28.03. Farmers & Merchants Bancorp, Inc. has a 1-year low of $18.99 and a 1-year high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its 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 firm had revenue of $45.86 million for the quarter, compared to analyst estimates of $24.93 million. Farmers & Merchants Bancorp had a return on equity of 7.16% and a net margin of 13.16%. Equities analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.75 earnings per share for the current year.

Farmers & Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, December 27th were paid a $0.2213 dividend. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Friday, December 27th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 51.77%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several institutional investors have recently modified their holdings of FMAO. Geode Capital Management LLC raised its stake in shares of Farmers & Merchants Bancorp by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider’s stock valued at $8,011,000 after purchasing an additional 4,318 shares during the period. State Street Corp raised its holdings in shares of Farmers & Merchants Bancorp by 4.0% in the 3rd quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock valued at $6,665,000 after purchasing an additional 9,306 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Farmers & Merchants Bancorp by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 118,170 shares of the financial services provider’s stock valued at $2,744,000 after buying an additional 12,223 shares during the last quarter. Ellsworth Advisors LLC bought a new position in Farmers & Merchants Bancorp during the fourth quarter worth $585,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Farmers & Merchants Bancorp by 204.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock worth $528,000 after buying an additional 12,827 shares during the period. Institutional investors own 23.96% of the company’s stock.

About Representative Latta

Bob Latta (Republican Party) is a member of the U.S. House, representing Ohio’s 5th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Latta (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 5th Congressional District. He declared candidacy for the general election scheduled on November 5, 2024. Latta was named Republican ranking member for the House Energy and Commerce Subcommittee on Communication and Technology during the 116th Congress. Previously, Latta served in the Ohio House of Representatives from 2001 to 2007 and the Ohio State Senate from 1997 to 2000.

Farmers & Merchants Bancorp Company Profile

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.