Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) declared a quarterly dividend on Wednesday, June 5th, NASDAQ reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.15 per share by the financial services provider on Saturday, July 20th. This represents a $0.60 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, June 14th.
Farmers & Merchants Bancorp, Inc. (OH) has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Farmers & Merchants Bancorp, Inc. (OH) to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 32.3%.
Shares of NASDAQ FMAO traded down $0.92 during mid-day trading on Monday, hitting $28.20. The company had a trading volume of 11,200 shares, compared to its average volume of 16,024. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day moving average price is $29.34. Farmers & Merchants Bancorp, Inc. has a 12 month low of $26.68 and a 12 month high of $48.60. The company has a market cap of $323.44 million, a price-to-earnings ratio of 16.79 and a beta of 0.20.
FMAO has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “sell” rating in a report on Friday, March 15th. ValuEngine lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 14th. Finally, Boenning Scattergood reiterated a “neutral” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research note on Monday, May 6th.
Farmers & Merchants Bancorp, Inc. (OH) Company Profile
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.
Featured Story: What are popular green investing opportunities?
Receive News & Ratings for Farmers & Merchants Bancorp Inc. (OH) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers & Merchants Bancorp Inc. (OH) and related companies with MarketBeat.com's FREE daily email newsletter.