Farmers & Merchants Bancorp Inc (NASDAQ: FMAO) has reported earnings for its first fiscal quarter (ending March 31) of $0.39 versus $0.47 for the same period a year ago — a decline of -17%. This result fell short of the consensus estimate of $0.39 by $-0.00. For the latest four quarters through March 31, E.P.S. were $1.59 compared to $2.31 a year ago — a decline of -31%.
Recent Price Action
Farmers & Merchants Bancorp Inc (NASDAQ: FMAO) stock closed at $21.17 on 5/1/24 after a large increase of 3.3%. However, unusually low trading volume at 51% of normal accompanied the advance. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, FMAO is expected to be Value Creation neutral.
Farmers & Merchants Bancorp has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Farmers & Merchants Bancorp has a slightly positive Appreciation Score of 66 and a good Power Rating of 71, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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