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Conference/Events
Piper Sandler to hold a virtual field trip » 10:22
05/17/21
05/17
10:22
05/17/21
10:22
CIVB

Civista Bancshares

$23.50 /

-0.16 (-0.68%)

, FMAO

Farmers & Merchants

$22.49 /

+0.64 (+2.93%)

, FFBC

First Financial Bancorp

$25.38 /

-0.23 (-0.90%)

, HLAN

Heartland BancCorp

$92.42 /

+ (+0.00%)

, LCNB

LCNB Corp.

$17.90 /

-0.41 (-2.24%)

, PRK

Park National

$126.53 /

-1.65 (-1.29%)

, PEBO

Peoples Bancorp

$33.05 /

-0.26 (-0.78%)

, PFC

Premier Financial

$30.71 /

-0.61 (-1.95%)

, SBFG

SB Financial

$18.42 /

-0.18 (-0.97%)

, TFSL

TFS Financial

$22.05 /

+0.02 (+0.09%)

Virtual Ohio Community…

Virtual Ohio Community Bank Field Trip to be held on May 17-18.

ShowHide Related Items >><<
PFC Premier Financial
$30.71 /

-0.61 (-1.95%)

PEBO Peoples Bancorp
$33.05 /

-0.26 (-0.78%)

HLAN Heartland BancCorp
$92.42 /

+ (+0.00%)

FMAO Farmers & Merchants
$22.49 /

+0.64 (+2.93%)

FFBC First Financial Bancorp
$25.38 /

-0.23 (-0.90%)

CIVB Civista Bancshares
$23.50 /

-0.16 (-0.68%)

CIVB Civista Bancshares
$23.50 /

-0.16 (-0.68%)

01/04/21 DA Davidson
Civista Bancshares upgraded to Buy from Neutral at DA Davidson
09/24/20 Boenning & Scattergood
Civista Bancshares resumed with an Outperform at Boenning & Scattergood
07/07/20 Stephens
Civista Bancshares initiated with an Overweight at Stephens
FMAO Farmers & Merchants
$22.49 /

+0.64 (+2.93%)

10/09/20
Fly Intel: Top five analyst initiations
10/09/20 Stephens
Stephens starts Farmers & Merchants at Equal Weight with $22.50 price target
10/09/20 Stephens
Farmers & Merchants initiated with an Equal Weight at Stephens
09/24/20 Boenning & Scattergood
Farmers & Merchants resumed with a Neutral at Boenning & Scattergood
FFBC First Financial Bancorp
$25.38 /

-0.23 (-0.90%)

03/03/21 Piper Sandler
First Financial Bancorp downgraded to Neutral from Overweight at Piper Sandler
02/01/21 Piper Sandler
First Financial Bancorp upgraded to Overweight from Neutral at Piper Sandler
HLAN Heartland BancCorp
$92.42 /

+ (+0.00%)

05/20/20
Fly Intel: Top five analyst initiations
05/20/20 Piper Sandler
Heartland BancCorp initiated with an Overweight at Piper Sandler
LCNB LCNB Corp.
$17.90 /

-0.41 (-2.24%)

01/12/21 Boenning & Scattergood
LCNB Corp. upgraded to Outperform from Neutral at Boenning & Scattergood
09/24/20 Boenning & Scattergood
LCNB Corp. resumed with a Neutral at Boenning & Scattergood
PRK Park National
$126.53 /

-1.65 (-1.29%)

09/24/20 Boenning & Scattergood
Park National resumed with an Underperform at Boenning & Scattergood
PEBO Peoples Bancorp
$33.05 /

-0.26 (-0.78%)

04/09/21 B. Riley
Peoples Bancorp price target raised to $40 from $36 at B. Riley
03/31/21 Hovde Group
Peoples Bancorp upgraded to Outperform from Market Perform at Hovde Group
03/30/21 Raymond James
Peoples Bancorp price target raised to $40 from $36 at Raymond James
01/07/21 B. Riley
Peoples Bancorp price target raised to $36 from $32 at B. Riley Securities
PFC Premier Financial
$30.71 /

-0.61 (-1.95%)

01/27/21 Keefe Bruyette
Keefe Bruyette says time to buy Premier Financial, ups target to $34
12/28/20 Piper Sandler
Premier Financial price target lowered to $25.50 from $26.50 at Piper Sandler
SBFG SB Financial
$18.42 /

-0.18 (-0.97%)

TFSL TFS Financial
$22.05 /

+0.02 (+0.09%)

SBFG SB Financial
$18.42 /

-0.18 (-0.97%)

PRK Park National
$126.53 /

-1.65 (-1.29%)

PFC Premier Financial
$30.71 /

-0.61 (-1.95%)

PEBO Peoples Bancorp
$33.05 /

-0.26 (-0.78%)

LCNB LCNB Corp.
$17.90 /

-0.41 (-2.24%)

FMAO Farmers & Merchants
$22.49 /

+0.64 (+2.93%)

FFBC First Financial Bancorp
$25.38 /

-0.23 (-0.90%)

CIVB Civista Bancshares
$23.50 /

-0.16 (-0.68%)

Over a week ago
Earnings
Farmers & Merchants reports Q1 EPS ,44c consensus 45c » 16:08
04/21/21
04/21
16:08
04/21/21
16:08
FMAO

Farmers & Merchants

$24.00 /

+0.64 (+2.74%)

Net income increased…

Net income increased 19.6% to $4.9M. "2021 is off to a strong start as our markets emerge from the COVID-19 crisis and we continue to focus on providing local services and leading financial products to our retail, commercial, and agriculture customers. As a result, we are gaining market share and benefitting from robust growth in loans, deposits, and noninterest income, which have helped us successfully offset higher provision for loan losses and operating expenses during the 2021 first quarter," stated Lars B. Eller, President and Chief Executive Officer. "I am grateful to our team members who continue to work diligently and support the financial needs of our local customers and communities." "The acquisition of Ossian Financial Services is expected to close in the coming weeks, and we are well positioned to quickly integrate Ossian into F&M's platform. Once completed, we expect the acquisition will add approximately $122 million in assets to F&M and will begin contributing to earnings in 2021. In addition, we expect to see the benefit to noninterest expense of our office realignment strategy over the next several quarters, and we will use a portion of the savings to reinvest in expanding our digital and online offerings."

ShowHide Related Items >><<
FMAO Farmers & Merchants
$24.00 /

+0.64 (+2.74%)

FMAO Farmers & Merchants
$24.00 /

+0.64 (+2.74%)

10/09/20
Fly Intel: Top five analyst initiations
10/09/20 Stephens
Stephens starts Farmers & Merchants at Equal Weight with $22.50 price target
10/09/20 Stephens
Farmers & Merchants initiated with an Equal Weight at Stephens
09/24/20 Boenning & Scattergood
Farmers & Merchants resumed with a Neutral at Boenning & Scattergood
FMAO Farmers & Merchants
$24.00 /

+0.64 (+2.74%)

Over a quarter ago
Earnings
Farmers & Merchants reports Q4 EPS 60c, consensus 39c » 16:32
02/10/21
02/10
16:32
02/10/21
16:32
FMAO

Farmers & Merchants

$24.36 /

-0.31 (-1.26%)

Reports Q1 NII $16.1M vs.…

Reports Q1 NII $16.1M vs. $13.3M last year. "Across the board 2020 was a record year for F&M, despite the challenges associated with the COVID-19 pandemic. Our record results speak to the dedication of our 354 associates throughout our Ohio, Indiana, and Michigan markets and our daily commitment to provide our communities with superior and individual financial services," stated Lars B. Eller, CEO. "In addition, our record performance demonstrates the success of our 2019 strategic plan that is focused on growing earnings and creating long-term value for our shareholders. As we look forward to 2021, I am excited to complete the Ossian acquisition, which we believe will be completed during the second quarter. In addition, we plan to finish integrating Adams County Financial Resources during the first quarter, as well as implementing our office realignment strategy, investing in new offices in compelling markets, and expanding our digital offerings throughout 2021. We expect to incur an estimated $2.5 million of one-time expenses associated with these initiatives in 2021. Once fully integrated, we believe the combination of reduced operating expenses and the contribution of additional sources of revenue will provide an approximately $2.1 million benefit to income in 2022 and beyond as we further increase our scale, diversify our revenues, improve our cost structure, and better serve our customers."

ShowHide Related Items >><<
FMAO Farmers & Merchants
$24.36 /

-0.31 (-1.26%)

FMAO Farmers & Merchants
$24.36 /

-0.31 (-1.26%)

10/09/20
Fly Intel: Top five analyst initiations
10/09/20 Stephens
Stephens starts Farmers & Merchants at Equal Weight with $22.50 price target
10/09/20 Stephens
Farmers & Merchants initiated with an Equal Weight at Stephens
09/24/20 Boenning & Scattergood
Farmers & Merchants resumed with a Neutral at Boenning & Scattergood
FMAO Farmers & Merchants
$24.36 /

-0.31 (-1.26%)

Hot Stocks
Farmers & Merchants to acquire Ossian Financial Services for $20M in cash » 17:36
12/21/20
12/21
17:36
12/21/20
17:36
FMAO

Farmers & Merchants

$23.66 /

-0.69 (-2.83%)

Farmers & Merchants…

Farmers & Merchants Bancorp announced that they have signed an agreement and plan of reorganization and merger whereby F&M will acquire Ossian Financial Services in a cash transaction. OFSI operates two full-service offices in northeast Indiana and has approximately $122M in assets, $58M in loans, $108M in deposits and $11.9M in consolidated equity as of September 30. OFSI is taxed as an S-Corporation. Subject to the terms of the Agreement, which has been unanimously approved by the Board of Directors of each company, aggregate cash consideration of the deal is equal to $20M, representing $67.71 per share. The consideration is subject to potential adjustment, as set forth in the Agreement, in the event that OFSI's equity capital is less than $12M at closing. Excluding one-time transaction costs, F&M expects the transaction to be approximately 6.2% and 7.1% accretive to first and second year diluted earnings per share, respectively. Tangible book value per share will be diluted approximately 4.6% at closing including the impact of an estimated $2.5M of combined pre-tax transaction costs. The tangible book value dilution is expected to be recovered in less than five years using the crossover method. When the transaction is completed, F&M will have consolidated assets of approximately $2B. Subject to customary regulatory approvals, OFSI shareholder approval and other conditions set forth in the Agreement, the transaction is anticipated to close in the second quarter of 2021.

ShowHide Related Items >><<
FMAO Farmers & Merchants
$23.66 /

-0.69 (-2.83%)

FMAO Farmers & Merchants
$23.66 /

-0.69 (-2.83%)

10/09/20
Fly Intel: Top five analyst initiations
10/09/20 Stephens
Stephens starts Farmers & Merchants at Equal Weight with $22.50 price target
10/09/20 Stephens
Farmers & Merchants initiated with an Equal Weight at Stephens
09/24/20 Boenning & Scattergood
Farmers & Merchants resumed with a Neutral at Boenning & Scattergood
FMAO Farmers & Merchants
$23.66 /

-0.69 (-2.83%)

Earnings
Farmers & Merchants reports Q3 EPS 40c, consensus » 16:07
10/21/20
10/21
16:07
10/21/20
16:07
FMAO

Farmers & Merchants

$21.00 /

+0.25 (+1.20%)

F&M's…

F&M's agriculture portfolio continues to perform well, as a result of the Company's experienced lenders, diversified market exposure, and geographic focus within strong agricultural markets. At September 30, 2020, F&M's $103.3 million agriculture portfolio consisted primarily of row crop and livestock production, with almost no dairy exposure. Agriculture customers are proven farmers with strong balance sheets and 95% of row crop producers utilize crop insurance to mitigate weather and production risks. Approximately, 25% of F&M's agriculture portfolio at September 30, 2020, was within the livestock sector, and approximately 70% of this exposure is to customers that support production but do not have direct livestock ownership. In addition, approximately 80% of F&M's livestock exposure is for loans with balances under $750,000 and of the borrowers with direct livestock ownership, approximately 50% are not dependent on the income from livestock to manage their debt payments. Overall, F&M believes agricultural performance will be similar to 2019"Momentum in our business remains strong and I am extremely proud of the high level of service and dedication our employees continue to provide our customers and communities," stated Lars B. Eller, President and Chief Executive Officer. "We entered the COVID-19 crisis from a position of strength through our commitment to community-oriented and prudent banking values. F&M's continued success throughout this challenging period is encouraging and we have been able to offset an increased level of provision for loan losses by reducing our cost of funds, driving strong noninterest income, and improving our efficiency ratio. As a result, third quarter net income increased 3.2%, and earnings per diluted share are up 5.3% over the prior year period."

ShowHide Related Items >><<
FMAO Farmers & Merchants
$21.00 /

+0.25 (+1.20%)

FMAO Farmers & Merchants
$21.00 /

+0.25 (+1.20%)

10/09/20
Fly Intel: Top five analyst initiations
10/09/20 Stephens
Stephens starts Farmers & Merchants at Equal Weight with $22.50 price target
10/09/20 Stephens
Farmers & Merchants initiated with an Equal Weight at Stephens
09/24/20 Boenning & Scattergood
Farmers & Merchants resumed with a Neutral at Boenning & Scattergood
FMAO Farmers & Merchants
$21.00 /

+0.25 (+1.20%)

Initiation
Fly Intel: Top five analyst initiations » 09:53
10/09/20
10/09
09:53
10/09/20
09:53
DDD

3D Systems

$6.78 /

+0.4 (+6.27%)

, TFII

TFI International

$47.98 /

+0.92 (+1.95%)

, ALTG

Alta Equipment Group

$8.20 /

+ (+0.00%)

, ZM

Zoom Video

$495.40 /

+16.92 (+3.54%)

, FMAO

Farmers & Merchants

$20.28 /

+ (+0.00%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Stratasys (SSYS) initiated with a Buy at Berenberg. 2. TFI International (TFII) initiated with a Buy at Goldman Sachs. 3. Alta Equipment Group (ALTG) initiated with a Market Perform at Raymond James. 4. Zoom Video (ZM) initiated with a Buy at Mizuho. 5. Farmers & Merchants (FMAO) initiated with an Equal Weight at Stephens. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
ZM Zoom Video
$495.40 /

+16.92 (+3.54%)

TFII TFI International
$47.98 /

+0.92 (+1.95%)

FMAO Farmers & Merchants
$20.28 /

+ (+0.00%)

DDD 3D Systems
$6.78 /

+0.4 (+6.27%)

ALTG Alta Equipment Group
$8.20 /

+ (+0.00%)

DDD 3D Systems
$6.78 /

+0.4 (+6.27%)

10/09/20 Berenberg
3D Systems initiated with a Buy at Berenberg
07/16/20 B. Riley
B. Riley FBR resumed 3D Systems, ExOne with Neutral ratings
07/15/20 B. Riley
3D Systems resumed at Neutral from Sell at B. Riley FBR
05/07/20 Piper Sandler
3D Systems price target lowered to $7 from $7.50 at Piper Sandler
TFII TFI International
$47.98 /

+0.92 (+1.95%)

10/09/20 Goldman Sachs
TFI International initiated with a Buy at Goldman Sachs
10/08/20 CIBC
TFI International price target raised to C$65 from C$62 at CIBC
10/07/20 National Bank
TFI International price target raised to C$68 from C$66 at National Bank
09/16/20 CIBC
TFI International price target raised to C$62 from C$61 at CIBC
ALTG Alta Equipment Group
$8.20 /

+ (+0.00%)

10/09/20 Raymond James
Alta Equipment Group initiated with a Market Perform at Raymond James
06/08/20 B. Riley
Alta Equipment Group price target raised to $11 from $10 at B. Riley FBR
04/07/20
Fly Intel: Top five analyst initiations
04/07/20
Alta Equipment Group initiated with a Buy at Dougherty
ZM Zoom Video
$495.40 /

+16.92 (+3.54%)

10/09/20 Mizuho
Mizuho starts Zoom Video with Buy, $550 target on 'outsized' growth
10/08/20 Mizuho
Zoom Video initiated with a Buy at Mizuho
10/08/20 Stifel
Zoom Video price target raised to $350 from $300 at Stifel
09/29/20 Morgan Stanley
RingCentral price target raised to $300 from $280 at Morgan Stanley
FMAO Farmers & Merchants
$20.28 /

+ (+0.00%)

10/09/20 Stephens
Stephens starts Farmers & Merchants at Equal Weight with $22.50 price target
10/09/20 Stephens
Farmers & Merchants initiated with an Equal Weight at Stephens
09/24/20 Boenning & Scattergood
Farmers & Merchants resumed with a Neutral at Boenning & Scattergood
ZM Zoom Video
$495.40 /

+16.92 (+3.54%)

FMAO Farmers & Merchants
$20.28 /

+ (+0.00%)

DDD 3D Systems
$6.78 /

+0.4 (+6.27%)

ALTG Alta Equipment Group
$8.20 /

+ (+0.00%)

  • 13
    Aug
  • 13
    Feb
ZM Zoom Video
$495.40 /

+16.92 (+3.54%)

ZM Zoom Video
$495.40 /

+16.92 (+3.54%)

DDD 3D Systems
$6.78 /

+0.4 (+6.27%)

ZM Zoom Video
$495.40 /

+16.92 (+3.54%)

DDD 3D Systems
$6.78 /

+0.4 (+6.27%)

ALTG Alta Equipment Group
$8.20 /

+ (+0.00%)

Initiation
Stephens starts Farmers & Merchants at Equal Weight with $22.50 price target » 08:28
10/09/20
10/09
08:28
10/09/20
08:28
FMAO

Farmers & Merchants

$20.28 /

-0.44 (-2.12%)

As previously reported,…

As previously reported, Stephens analyst Terry McEvoy initiated coverage of Farmers & Merchants with an Equal Weight rating and $22.50 price target. While he thinks the stocks premium valuation "appears more than justified" given the bank's track record of steady EPS growth and balance sheet strength, McEvoy sees it being tough to make an argument for additional relative multiple expansion from here, he tells investors.

ShowHide Related Items >><<
FMAO Farmers & Merchants
$20.28 /

-0.44 (-2.12%)

FMAO Farmers & Merchants
$20.28 /

-0.44 (-2.12%)

10/09/20 Stephens
Farmers & Merchants initiated with an Equal Weight at Stephens
09/24/20 Boenning & Scattergood
Farmers & Merchants resumed with a Neutral at Boenning & Scattergood
FMAO Farmers & Merchants
$20.28 /

-0.44 (-2.12%)

Initiation
Farmers & Merchants initiated with an Equal Weight at Stephens » 06:12
10/09/20
10/09
06:12
10/09/20
06:12
FMAO

Farmers & Merchants

$20.28 /

-0.44 (-2.12%)

Stephens analyst Terry…

Stephens analyst Terry McEvoy initiated coverage of Farmers & Merchants with an Equal Weight rating and $22.50 price target.

ShowHide Related Items >><<
FMAO Farmers & Merchants
$20.28 /

-0.44 (-2.12%)

FMAO Farmers & Merchants
$20.28 /

-0.44 (-2.12%)

09/24/20 Boenning & Scattergood
Farmers & Merchants resumed with a Neutral at Boenning & Scattergood
FMAO Farmers & Merchants
$20.28 /

-0.44 (-2.12%)

Initiation
Farmers & Merchants resumed with a Neutral at Boenning & Scattergood » 07:42
09/24/20
09/24
07:42
09/24/20
07:42
FMAO

Farmers & Merchants

$19.65 /

-1.34 (-6.38%)

Boenning &…

Boenning & Scattergood analyst Joseph Plevelich initiated coverage of Farmers & Merchants with a Neutral rating. The firm is resuming coverage of the community bank sector and has "generally positive views" on the space given that deferrals have peaked and near-term expectations are "relatively muted," although it notes that this emerging credit cycle is early innings and "could last extra innings depending upon the timing of a successful vaccine or treatment for COVID-19."

ShowHide Related Items >><<
FMAO Farmers & Merchants
$19.65 /

-1.34 (-6.38%)

FMAO Farmers & Merchants
$19.65 /

-1.34 (-6.38%)

10/02/19 Sandler O'Neill
Sandler O'Neill starts Farmers & Merchants at Hold with $27 price target
10/02/19 Sandler O'Neill
Farmers & Merchants initiated with a Hold at Sandler O'Neill
FMAO Farmers & Merchants
$19.65 /

-1.34 (-6.38%)

Hot Stocks
Farmers & Merchants raises quarterly cash dividend 6.3% to 17c per share » 11:07
09/18/20
09/18
11:07
09/18/20
11:07
FMAO

Farmers & Merchants

$20.85 /

+ (+0.00%)

The Board of Directors of…

The Board of Directors of Farmers & Merchants Bancorp announced that it has approved a 6.3% increase in the company's quarterly cash dividend. The new cash dividend has been raised to 17c per share from the previous dividend of 16c and represents the 26th consecutive annual increase in the Company's regular dividend payment since 1994. The third quarter dividend is payable on October 20, 2020, to shareholders of record as of September 29, 2020.

ShowHide Related Items >><<
FMAO Farmers & Merchants
$20.85 /

+ (+0.00%)

FMAO Farmers & Merchants
$20.85 /

+ (+0.00%)

10/02/19 Sandler O'Neill
Sandler O'Neill starts Farmers & Merchants at Hold with $27 price target
10/02/19 Sandler O'Neill
Farmers & Merchants initiated with a Hold at Sandler O'Neill
FMAO Farmers & Merchants
$20.85 /

+ (+0.00%)

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