Shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) have received an average broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation.

Brokers have set a one year consensus target price of $25.00 for the company and are expecting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also given Farmers & Merchants Bancorp, Inc. (OH) an industry rank of 204 out of 254 based on the ratings given to related companies.

A number of analysts recently issued reports on FMAO shares. ValuEngine upgraded Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “sell” rating in a research note on Tuesday, May 19th.

Farmers & Merchants Bancorp, Inc. (OH) stock traded up $0.06 during trading on Wednesday, hitting $22.91. 407 shares of the company were exchanged, compared to its average volume of 13,373. The business’s 50 day moving average is $22.30 and its 200 day moving average is $25.93. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. Farmers & Merchants Bancorp, Inc. has a 52 week low of $17.40 and a 52 week high of $31.80. The company has a market capitalization of $242.39 million, a P/E ratio of 13.19 and a beta of 0.25.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last issued its quarterly earnings results on Friday, April 24th. The financial services provider reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 7.82% and a net margin of 23.47%. The firm had revenue of $17.18 million for the quarter, compared to analysts’ expectations of $16.40 million. Equities analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.54 EPS for the current year.

In other Farmers & Merchants Bancorp, Inc. (OH) news, Director Jo Ellen Hornish bought 4,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of $19.63 per share, for a total transaction of $78,520.00. Following the purchase, the director now directly owns 24,395 shares of the company’s stock, valued at $478,873.85. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 4,950 shares of company stock worth $97,907 over the last 90 days. Corporate insiders own 9.96% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can increased its position in shares of Farmers & Merchants Bancorp, Inc. (OH) by 45.0% during the 4th quarter. Bank of Montreal Can now owns 1,280 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 397 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) during the 1st quarter valued at about $53,000. Citigroup Inc. increased its position in shares of Farmers & Merchants Bancorp, Inc. (OH) by 41.4% during the 1st quarter. Citigroup Inc. now owns 2,858 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 837 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Farmers & Merchants Bancorp, Inc. (OH) by 29.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,118 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 708 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) during the 1st quarter valued at about $112,000. Institutional investors and hedge funds own 18.73% of the company’s stock.

Farmers & Merchants Bancorp, Inc. (OH) Company Profile

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking accounts; savings and time deposits, including certificates of deposit; and custodial services for individual retirement accounts and health savings accounts.

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