JPMorgan Chase & Co. Grows Position in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

JPMorgan Chase & Co. grew its holdings in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 204.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,094 shares of the financial services provider’s stock after acquiring an additional 12,827 shares during the quarter. JPMorgan Chase & Co. owned about 0.14% of Farmers & Merchants Bancorp worth $528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in Farmers & Merchants Bancorp by 292.2% in the third quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 12,375 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Farmers & Merchants Bancorp by 1.5% during 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 last quarter. State Street Corp raised its holdings in shares of Farmers & Merchants Bancorp by 4.0% during the 3rd quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock valued at $6,665,000 after buying an additional 9,306 shares in the last quarter. Larson Financial Group LLC bought a new stake in Farmers & Merchants Bancorp in the 3rd quarter worth approximately $55,000. Finally, Buckingham Capital Management Inc. purchased a new stake in Farmers & Merchants Bancorp in the third quarter worth approximately $245,000. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Trading Up 0.4 %

Shares of FMAO opened at $27.30 on Wednesday. Farmers & Merchants Bancorp, Inc. has a fifty-two week low of $18.99 and a fifty-two week high of $34.15. The firm has a market cap of $374.01 million, a price-to-earnings ratio of 16.06 and a beta of 0.69. The firm has a 50 day moving average price of $29.83 and a 200-day moving average price of $28.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings data 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. Farmers & Merchants Bancorp had a return on equity of 7.16% and a net margin of 13.16%. The firm had revenue of $45.86 million during the quarter, compared to the consensus estimate of $24.93 million. As a group, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, December 27th were issued a dividend of $0.2213 per share. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Friday, December 27th. Farmers & Merchants Bancorp’s dividend payout ratio is currently 51.77%.

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.