Hovde Group initiated coverage of Farmers & Merchants with a Market Perform rating and $22 price target. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on FMAO: Farmers & Merchants Bancorp, Inc. Declares 2024 First-Quarter Cash Dividend F&M Bank Announces Promotion of Kevin Becker to Chief Credit Officer Farmers & Merchants reports Q4 EPS 41c, consensus 31c Farmers & Merchants Bancorp, Inc. Reports 2023 Fourth-Quarter and Full-Year Financial Results