Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,077 shares of the financial services provider’s stock after purchasing an additional 571 shares during the period. Rhumbline Advisers owned about 0.14% of Farmers & Merchants Bancorp worth $562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FMAO. Larson Financial Group LLC purchased a new stake in Farmers & Merchants Bancorp during the 3rd quarter worth $55,000. SG Americas Securities LLC increased its position in shares of 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 worth $156,000 after acquiring an additional 846 shares during the last quarter. Buckingham Capital Management Inc. purchased a new stake in shares of Farmers & Merchants Bancorp during the third quarter worth about $245,000. Inspire Investing LLC acquired a new position in shares of Farmers & Merchants Bancorp in the fourth quarter worth about $415,000. Finally, Barclays PLC boosted its holdings 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 purchasing an additional 12,375 shares during the last quarter. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

Farmers & Merchants Bancorp Price Performance

FMAO stock opened at $24.51 on Friday. The stock’s 50 day moving average is $26.54 and its two-hundred day moving average is $28.13. Farmers & Merchants Bancorp, Inc. has a 52-week low of $18.99 and a 52-week high of $34.15. The company has a market capitalization of $335.79 million, a PE ratio of 12.90 and a beta of 0.68. 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 (NASDAQ:FMAO) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. Analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, December 27th were given a dividend of $0.2213 per share. This is a boost 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 3.61%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 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.