Proficio Capital Partners LLC Buys New Shares in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Proficio Capital Partners LLC bought a new stake in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,721 shares of the financial services provider’s stock, valued at approximately $345,000. Proficio Capital Partners LLC owned about 0.09% of Farmers & Merchants Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in Farmers & Merchants Bancorp by 3.1% during the fourth quarter. Rhumbline Advisers now owns 19,077 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 571 shares during the last quarter. SG Americas Securities LLC lifted its stake in Farmers & Merchants Bancorp by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 5,281 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 846 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Farmers & Merchants Bancorp during the third quarter valued at approximately $55,000. Geode Capital Management LLC lifted its position 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 acquiring an additional 4,318 shares in the last quarter. Finally, Buckingham Capital Management Inc. purchased a new stake in shares of Farmers & Merchants Bancorp in the 3rd quarter valued at approximately $245,000. 23.96% of the stock is owned by institutional investors and hedge funds.

Farmers & Merchants Bancorp Stock Down 4.9 %

Shares of NASDAQ:FMAO opened at $23.31 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $319.35 million, a PE ratio of 12.27 and a beta of 0.67. Farmers & Merchants Bancorp, Inc. has a 52 week low of $18.99 and a 52 week high of $34.15. The firm has a 50 day simple moving average of $26.43 and a 200 day simple moving average of $28.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.13. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. As a group, research analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, December 27th were paid a dividend of $0.2213 per share. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.89 annualized dividend and a dividend yield of 3.80%. Farmers & Merchants Bancorp’s dividend payout ratio is 46.32%.

About Farmers & Merchants Bancorp

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.