Farmers & Merchants Bancorp (OTCMKTS:FMCB) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Farmers & Merchants Bancorp (OTCMKTS:FMCB) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1,040.05 and traded as high as $1,044.99. Farmers & Merchants Bancorp shares last traded at $1,025.00, with a volume of 737 shares trading hands.

Farmers & Merchants Bancorp Price Performance

The business’s 50-day moving average price is $1,040.05 and its 200 day moving average price is $989.67. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $717.50 million, a P/E ratio of 8.65 and a beta of 0.22.

Farmers & Merchants Bancorp (OTCMKTS:FMCB) last announced its earnings results on Wednesday, October 16th. The bank reported $29.96 earnings per share for the quarter. The business had revenue of $58.27 million for the quarter. Farmers & Merchants Bancorp had a net margin of 30.25% and a return on equity of 15.35%.

Farmers & Merchants Bancorp Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 4th were paid a $9.30 dividend. This is an increase from Farmers & Merchants Bancorp’s previous dividend of $8.80. The ex-dividend date of this dividend was Wednesday, December 4th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is currently 15.70%.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals. The company accepts various deposit products, including checking, savings, money market, time certificates of deposit, and individual retirement accounts.