2 weeks Ago By ABMN Staff
Farmers & Merchants Bancorp, Inc. ( NASDAQ:FMAO – Get Free Report ) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 222,200 shares, a drop of 7.
8% from the August 31st total of 241,100 shares. Based on an average daily trading volume, of 37,600 shares, the days-to-cover ratio is presently 5.9 days.
Farmers & Merchants Bancorp Stock Performance Shares of NASDAQ:FMAO traded down $1.49 on Tuesday, hitting $26.16.
25,994 shares of the company were exchanged, compared to its average volume of 27,352. The company’s 50 day moving average price is $26.43 and its two-hundred day moving average price is $23.
49. The firm has a market capitalization of $357.92 million, a price-to-earnings ratio of 16.
45 and a beta of 0.63. The company has a debt-to-equity ratio of 0.
82, a quick ratio of 1.00 and a current ratio of 1.00.
Farmers & Merchants Bancorp has a one year low of $16.90 and a one year high of $28.75.
Farmers & Merchants Bancorp ( NASDAQ:FMAO – Get Free Report ) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.
37 by $0.05. Farmers & Merchants Bancorp had a return on equity of 6.
79% and a net margin of 12.59%. The firm had revenue of $44.
83 million for the quarter, compared to analyst estimates of $24.39 million. Research analysts expect that Farmers & Merchants Bancorp will post 1.
59 earnings per share for the current year. Farmers & Merchants Bancorp Increases Dividend Institutional Investors Weigh In On Farmers & Merchants Bancorp Several institutional investors and hedge funds have recently bought and sold shares of FMAO. BNP Paribas Financial Markets boosted its position in shares of Farmers & Merchants Bancorp by 79.
7% during the 1st quarter. BNP Paribas Financial Markets now owns 6,459 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 2,864 shares in the last quarter. Vanguard Group Inc.
lifted its stake in Farmers & Merchants Bancorp by 2.1% during the first quarter. Vanguard Group Inc.
now owns 583,656 shares of the financial services provider’s stock worth $13,010,000 after purchasing an additional 12,195 shares during the period. Bank of New York Mellon Corp boosted its holdings in Farmers & Merchants Bancorp by 9.6% during the second quarter.
Bank of New York Mellon Corp now owns 54,529 shares of the financial services provider’s stock valued at $1,266,000 after purchasing an additional 4,765 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter valued at approximately $41,525,000. Finally, Perritt Capital Management Inc raised its holdings in shares of Farmers & Merchants Bancorp by 40.
0% in the 2nd quarter. Perritt Capital Management Inc now owns 7,000 shares of the financial services provider’s stock worth $163,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 23.
96% of the company’s stock. Analyst Ratings Changes Separately, Piper Sandler increased their price objective on Farmers & Merchants Bancorp from $24.00 to $26.
00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Get Our Latest Report on FMAO Farmers & Merchants Bancorp Company Profile ( Get Free Report ) Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.
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