Shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) are going to split on the morning of Thursday, September 21st. The 2-1 split was announced on Friday, August 18th. The newly minted shares will be payable to shareholders after the closing bell on Wednesday, September 20th.

Farmers & Merchants Bancorp (NASDAQ:FMAO) opened at 87.00 on Wednesday. The firm’s 50-day moving average price is $62.52 and its 200-day moving average price is $52.93. Farmers & Merchants Bancorp has a one year low of $30.25 and a one year high of $87.45. The company has a market cap of $398.20 million, a PE ratio of 32.74 and a beta of 0.04.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. The company had revenue of $11.64 million during the quarter, compared to analysts’ expectations of $11.49 million. Farmers & Merchants Bancorp had a return on equity of 9.60% and a net margin of 24.37%. On average, equities research analysts forecast that Farmers & Merchants Bancorp will post $2.70 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on FMAO shares. ValuEngine upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, July 25th.

In related news, Director Steven Everhart sold 1,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $54.00, for a total transaction of $54,000.00. Following the sale, the director now owns 10,998 shares in the company, valued at approximately $593,892. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director K. Brad Stamm sold 625 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $81.00, for a total value of $50,625.00. Following the sale, the director now owns 80,468 shares in the company, valued at approximately $6,517,908. The disclosure for this sale can be found here. 5.03% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at about $139,000. Advisor Group Inc. bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at about $206,000. Rhumbline Advisers bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at about $296,000. New York State Common Retirement Fund bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at about $298,000. Finally, Vanguard Group Inc. bought a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at about $432,000. Institutional investors own 7.77% of the company’s stock.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.

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