Ellsworth Advisors LLC Makes New $585,000 Investment in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Ellsworth Advisors LLC purchased a new position in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,868 shares of the financial services provider’s stock, valued at approximately $585,000. Ellsworth Advisors LLC owned approximately 0.15% of Farmers & Merchants Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Farmers & Merchants Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider’s stock valued at $8,011,000 after purchasing an additional 4,318 shares in the last quarter. State Street Corp lifted its holdings in shares of Farmers & Merchants Bancorp by 4.0% in the third quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock valued at $6,665,000 after purchasing an additional 9,306 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Farmers & Merchants Bancorp by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 118,170 shares of the financial services provider’s stock valued at $2,744,000 after purchasing an additional 12,223 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Farmers & Merchants Bancorp by 204.7% in the third quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 12,827 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Farmers & Merchants Bancorp by 292.2% in the third quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 12,375 shares in the last quarter. Institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Stock Up 1.6 %

FMAO stock opened at $26.70 on Tuesday. Farmers & Merchants Bancorp, Inc. has a twelve month low of $18.99 and a twelve month high of $34.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average is $30.53 and its 200-day moving average is $27.86. The firm has a market capitalization of $365.79 million, a PE ratio of 15.71 and a beta of 0.69.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $45.86 million for the quarter, compared to analyst estimates of $24.93 million. Farmers & Merchants Bancorp had a return on equity of 7.16% and a net margin of 13.16%. Sell-side analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.74 EPS for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, December 27th were given a dividend of $0.2213 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.31%. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 27th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 51.77%.

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.