State Street Corp Has $6.67 Million Stake in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

State Street Corp raised its stake in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,043 shares of the financial services provider’s stock after buying an additional 9,306 shares during the quarter. State Street Corp owned about 1.76% of Farmers & Merchants Bancorp worth $6,665,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC bought a new position in Farmers & Merchants Bancorp during the third quarter worth about $55,000. SG Americas Securities LLC bought a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter valued at about $123,000. Perritt Capital Management Inc grew its position in shares of Farmers & Merchants Bancorp by 40.0% in the 2nd 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 period. Trust Co. of Toledo NA OH bought a new stake in Farmers & Merchants Bancorp during the 3rd quarter worth approximately $220,000. Finally, Buckingham Capital Management Inc. acquired a new stake in Farmers & Merchants Bancorp during the 3rd quarter worth approximately $245,000. 23.96% of the stock is currently owned by institutional investors and hedge funds.

Farmers & Merchants Bancorp Stock Down 3.5 %

Farmers & Merchants Bancorp stock opened at $28.56 on Friday. The company has a 50 day moving average of $30.80 and a 200-day moving average of $27.29. 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, Inc. has a twelve month low of $18.99 and a twelve month high of $34.15. The stock has a market capitalization of $391.24 million, a PE ratio of 16.80 and a beta of 0.68.

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

Farmers & Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Friday, December 27th will be paid a $0.2213 dividend. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 27th. This represents a $0.89 annualized dividend and a yield of 3.10%. Farmers & Merchants Bancorp’s payout ratio is presently 51.76%.

Farmers & Merchants Bancorp Profile

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.