Farmers & Merchants Bancorp (NASDAQ:FMAO) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Farmers & Merchants Bancorp (NASDAQ:FMAO) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13, Zacks reports. Farmers & Merchants Bancorp had a net margin of 13.16% and a return on equity of 7.16%.

Farmers & Merchants Bancorp Stock Performance

Shares of Farmers & Merchants Bancorp stock traded down $1.18 during trading on Wednesday, hitting $26.06. 18,952 shares of the company’s stock traded hands, compared to its average volume of 20,923. Farmers & Merchants Bancorp has a 1 year low of $18.99 and a 1 year high of $34.15. The business has a 50-day simple moving average of $28.59 and a 200-day simple moving average of $28.15. The stock has a market capitalization of $357.02 million, a P/E ratio of 15.33 and a beta of 0.68. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, December 27th were issued a dividend of $0.2213 per share. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, December 27th. Farmers & Merchants Bancorp’s dividend payout ratio is presently 51.77%.

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.