Bank of New York Mellon Corp Trims Stock Position in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Bank of New York Mellon Corp reduced its stake in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,807 shares of the financial services provider’s stock after selling 8,577 shares during the quarter. Bank of New York Mellon Corp owned 0.27% of Farmers & Merchants Bancorp worth $1,084,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in 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 buying an additional 4,318 shares during the last quarter. State Street Corp boosted its holdings in shares of Farmers & Merchants Bancorp by 4.0% in the third quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock valued at $6,665,000 after acquiring an additional 9,306 shares in the last quarter. Ellsworth Advisors LLC acquired a new position in shares of Farmers & Merchants Bancorp during the fourth quarter worth about $585,000. JPMorgan Chase & Co. raised its holdings in Farmers & Merchants Bancorp by 204.7% during the third quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 12,827 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Farmers & Merchants Bancorp by 3.1% in 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 period. Institutional investors and hedge funds own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Stock Performance

NASDAQ FMAO opened at $24.29 on Tuesday. The business’s 50 day moving average is $25.71 and its two-hundred day moving average is $27.94. Farmers & Merchants Bancorp, Inc. has a 12-month low of $19.65 and a 12-month high of $34.15. The stock has a market capitalization of $332.77 million, a price-to-earnings ratio of 12.78 and a beta of 0.67. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.78.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.61 EPS for the quarter, topping 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%. Research analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.82 EPS for the current year.

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.