Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO – Get Free Report) announced a quarterly dividend on Tuesday, June 25th, Zacks reports. Investors of record on Friday, July 5th will be paid a dividend of 0.22 per share by the financial services provider on Saturday, July 20th. This represents a $0.88 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Friday, July 5th.
Farmers & Merchants Bancorp has raised its dividend by an average of 8.8% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Farmers & Merchants Bancorp has a dividend payout ratio of 49.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Farmers & Merchants Bancorp to earn $1.79 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 49.2%.
Farmers & Merchants Bancorp Stock Up 2.1 %
Shares of NASDAQ:FMAO opened at $22.89 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Farmers & Merchants Bancorp has a 52-week low of $16.90 and a 52-week high of $27.78. The business’s 50 day simple moving average is $21.98 and its two-hundred day simple moving average is $21.96. The firm has a market cap of $313.07 million, a P/E ratio of 14.39 and a beta of 0.65.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Hovde Group started coverage on shares of Farmers & Merchants Bancorp in a research note on Friday, April 5th. They issued a “market perform” rating and a $22.00 price objective on the stock. Piper Sandler reiterated a “neutral” rating and set a $24.00 price target on shares of Farmers & Merchants Bancorp in a research note on Wednesday, June 12th.
View Our Latest Report on Farmers & Merchants Bancorp
Farmers & Merchants Bancorp Company Profile
Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.
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