Boenning & Scattergood Reaffirms Their Hold Rating on Farmers & Merchants Bancorp, Inc.


Boenning & Scattergood analyst Scott Beury maintained a Hold rating on Farmers & Merchants Bancorp, Inc. (NASDAQ: FMAO) today. The company’s shares opened today at $46.72, close to its 52-week high of $49.99.

Beury noted:

“We believe Farmers & Merchants is poised to consistently generate high-quality earnings. Management has worked diligently to reposition the balance sheet for accelerated loan growth through a combination of securities sales and accelerated core deposit growth. In the near-term, we expect loan growth to accelerate to a high single-digit pace, which should aid the net interest margin as asset yields improve. Longer-term, we believe the company’s well-managed expenses and disciplined credit standards will provide stability and consistency at the bottom line. The shares currently trade at a premium to peers on both P/E and on tangible book, which we believe is warranted based on the company’s superior return profile. Therefore, we maintain our Neutral rating on shares of FMAO.”

According to TipRanks.com, Beury is a 3-star analyst with an average return of 5.3% and a 55.6% success rate. Beury covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Independent Bank Corporation, and United Community Financial.

The word on The Street in general, suggests a Hold analyst consensus rating for Farmers & Merchants Bancorp, Inc..

See today’s analyst top recommended stocks >>

Farmers & Merchants Bancorp, Inc.’s market cap is currently $434.3M and has a P/E ratio of 31.67. The company has a Price to Book ratio of 3.22.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Farmers & Merchants Bancorp, Inc. operates as a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgage as well as consumer and credit card lending activities.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts