Zacks Investment Research Downgrades Farmers & Merchants Bancorp Inc. (FMAO) to Hold

Farmers & Merchants Bancorp Inc. (OTCBB:FMAO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Farmers & Merchants Bancorp, Inc. is the holding company for The Farmers & Merchants State Bank which operates as a locally owned and operated community bank serving Northwest Ohio and Northeast Indiana. The bank provides commercial banking, retail banking and other financial services through its 19 offices with locations in Fulton, Defiance, Henry, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana they have offices located in DeKalb and Steuben counties. Farmers & Merchants Bancorp, Inc. is based in Archbold, Ohio. “

Separately, Boenning Scattergood lowered shares of Farmers & Merchants Bancorp from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 21st.

Shares of Farmers & Merchants Bancorp (OTCBB:FMAO) opened at 31.00 on Tuesday. Farmers & Merchants Bancorp has a 12 month low of $25.50 and a 12 month high of $32.51. The firm has a market cap of $141.58 million, a price-to-earnings ratio of 13.18 and a beta of 0.11. The company’s 50-day moving average is $30.98 and its 200-day moving average is $29.16.

In other Farmers & Merchants Bancorp news, Director Eugene N. Burkholder bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were acquired at an average cost of $32.00 per share, for a total transaction of $32,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 5.99% of the stock is currently owned by corporate insiders.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc is a bank holding company, which through its bank subsidiary, The Farmers & Merchants State Bank (the Bank), provides a range of financial services to individuals and small businesses through its offices in Northwest Ohio and Northeast Indiana. The Bank engages in general commercial banking business, which include commercial, agricultural and residential mortgage, consumer and credit card lending activities.

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