Bank of America Corp DE Boosts Stock Holdings in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Bank of America Corp DE raised its stake in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 23.7% during the fourth quarter, Holdings Channel reports. The fund owned 21,373 shares of the financial services provider’s stock after buying an additional 4,088 shares during the period. Bank of America Corp DE’s holdings in Farmers & Merchants Bancorp were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of Farmers & Merchants Bancorp by 1.0% during the 4th quarter. Northern Trust Corp now owns 106,445 shares of the financial services provider’s stock valued at $3,135,000 after buying an additional 1,089 shares in the last quarter. 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 valued at $156,000 after buying an additional 846 shares during the period. JPMorgan Chase & Co. grew its position in shares of Farmers & Merchants Bancorp by 134.8% in the 4th quarter. JPMorgan Chase & Co. now owns 44,830 shares of the financial services provider’s stock worth $1,320,000 after buying an additional 25,736 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Farmers & Merchants Bancorp in the 4th quarter worth approximately $345,000. Finally, Tower Research Capital LLC TRC grew its position in Farmers & Merchants Bancorp by 678.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,000 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 1,743 shares during the last quarter. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Trading Up 1.5%

Farmers & Merchants Bancorp stock opened at $23.51 on Tuesday. The business’s fifty day moving average is $23.78 and its 200 day moving average is $26.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $322.51 million, a PE ratio of 12.37 and a beta of 0.86. Farmers & Merchants Bancorp, Inc. has a one year low of $19.95 and a one year high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Monday, April 28th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $28.07 million for the quarter, compared to analysts’ expectations of $26.67 million. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. On average, sell-side analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.82 EPS for the current year.

Farmers & Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Shareholders of record on Friday, April 4th were paid a $0.2213 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.89 dividend on an annualized basis and a yield of 3.76%. Farmers & Merchants Bancorp’s payout ratio is 43.56%.

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.