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 Featured MNV Articles:
| Bag This Deal Even Lower Than Director Hornish DidBy Dividend Channel Staff, Wednesday, February 23, 11:13 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on February 18, Farmers & Merchants Bancorp Inc's Director, Jo Ellen Hornish, invested $100,069.85 into 2,967 shares of FMAO, for a cost per share of $33.73. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Farmers & Merchants Bancorp Inc (NASDAQ:FMAO) and achieve a cost basis even cheaper than Hornish, with shares changing hands as low as $33.70 per share. Farmers & Merchants Bancorp Inc shares are currently trading up about 0.6% on the day. The chart below shows the one year performance of FMAO shares, versus its 200 day moving average:
Looking at the chart above, FMAO's low point in its 52 week range is $21.26 per share, with $33.99 as the 52 week high point — that compares with a last trade of $33.91. By comparison, below is a table showing the prices at which FMAO insider buying was recorded over the last six months:
The current annualized dividend paid by Farmers & Merchants Bancorp Inc is $0.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/27/2021. Below is a long-term dividend history chart for FMAO, which can be of good help in judging whether the most recent dividend with approx. 2.3% annualized yield is likely to continue.
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