Rhumbline Advisers Sells 996 Shares of Farmers & Merchants Bancorp Inc. $FMAO

Rhumbline Advisers reduced its position in Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) by 5.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,081 shares of the financial services provider’s stock after selling 996 shares during the period. Rhumbline Advisers’ holdings in Farmers & Merchants Bancorp were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the first quarter worth $817,000. GAMMA Investing LLC grew its stake in Farmers & Merchants Bancorp by 3,065.0% in the first quarter. GAMMA Investing LLC now owns 26,301 shares of the financial services provider’s stock valued at $629,000 after acquiring an additional 25,470 shares during the period. Jane Street Group LLC acquired a new position in Farmers & Merchants Bancorp in the first quarter valued at about $380,000. Hicks Capital Management LLC acquired a new position in Farmers & Merchants Bancorp in the first quarter valued at about $347,000. Finally, Revisor Wealth Management LLC bought a new stake in shares of Farmers & Merchants Bancorp in the first quarter valued at about $278,000. Institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Stock Performance

Shares of Farmers & Merchants Bancorp stock opened at $26.02 on Wednesday. The firm has a market cap of $356.99 million, a price-to-earnings ratio of 12.05 and a beta of 0.90. The stock’s 50-day moving average is $25.66 and its 200-day moving average is $24.74. Farmers & Merchants Bancorp Inc. has a one year low of $20.88 and a one year high of $34.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $29.65 million for the quarter, compared to analyst estimates of $28.67 million. Farmers & Merchants Bancorp had a return on equity of 8.66% and a net margin of 16.04%. Equities analysts predict that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current fiscal 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.