BlackRock Inc. Sells 1,557 Shares of Farmers & Merchants Bancorp, Inc. (OH) (FMAO)

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BlackRock Inc. lessened its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 454,916 shares of the financial services provider’s stock after selling 1,557 shares during the period. BlackRock Inc.’s holdings in Farmers & Merchants Bancorp, Inc. (OH) were worth $17,509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) during the 3rd quarter worth $247,000. MetLife Investment Advisors LLC raised its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 58.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 6,356 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 2,350 shares during the period. Rhumbline Advisers raised its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 47.9% during the 4th quarter. Rhumbline Advisers now owns 12,116 shares of the financial services provider’s stock worth $466,000 after acquiring an additional 3,925 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Farmers & Merchants Bancorp, Inc. (OH) by 34.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,039 shares of the financial services provider’s stock worth $896,000 after acquiring an additional 5,421 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) during the 4th quarter worth $3,255,000. 15.53% of the stock is currently owned by institutional investors.

FMAO has been the topic of several analyst reports. ValuEngine lowered Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Zacks Investment Research upgraded Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a report on Wednesday, February 20th.

NASDAQ FMAO opened at $30.49 on Tuesday. Farmers & Merchants Bancorp, Inc. has a 52 week low of $26.68 and a 52 week high of $49.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $322.11 million, a PE ratio of 18.15 and a beta of 0.13.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last posted its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 11.31% and a net margin of 26.09%. The company had revenue of $12.95 million for the quarter, compared to analysts’ expectations of $12.96 million. Sell-side analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Tuesday, March 26th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 25th. This represents a $0.60 annualized dividend and a yield of 1.97%. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio (DPR) is currently 35.71%.

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About Farmers & Merchants Bancorp, Inc. (OH)

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking accounts; savings and time deposits, including certificates of deposit; and custodial services for individual retirement accounts and health savings accounts.

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Want to see what other hedge funds are holding FMAO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO).

Institutional Ownership by Quarter for Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO)

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