Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Andrew Briggs Sells 3,000 Shares

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $30.67, for a total transaction of $92,010.00. Following the completion of the sale, the director owned 141,550 shares of the company’s stock, valued at $4,341,338.50. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Farmers & Merchants Bancorp Stock Performance

NASDAQ FMAO traded up $0.17 during trading on Monday, reaching $30.84. 77,855 shares of the company’s stock were exchanged, compared to its average volume of 63,183. The business has a 50 day moving average price of $28.16 and a 200-day moving average price of $26.90. The stock has a market capitalization of $424.67 million, a P/E ratio of 11.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.98 and a quick ratio of 0.98. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $32.00.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%.The business had revenue of $32.44 million during the quarter, compared to the consensus estimate of $32.54 million. Sell-side analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Friday, July 10th will be paid a $0.23 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Farmers & Merchants Bancorp’s dividend payout ratio is 35.25%.

Analyst Ratings Changes

FMAO has been the subject of several recent research reports. Hovde Group reduced their price target on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a research note on Friday, April 24th. Piper Sandler reissued a “neutral” rating and issued a $32.00 target price (up from $28.50) on shares of Farmers & Merchants Bancorp in a research report on Thursday, June 25th. Finally, Weiss Ratings upgraded shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.25.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of FMAO. Versant Capital Management Inc increased its holdings in Farmers & Merchants Bancorp by 72.2% in the 2nd quarter. Versant Capital Management Inc now owns 813 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 341 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Farmers & Merchants Bancorp by 2.1% during the second quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 401 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Farmers & Merchants Bancorp by 36.0% in the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after buying an additional 509 shares during the period. Royal Bank of Canada increased its stake in shares of Farmers & Merchants Bancorp by 124.6% in the fourth quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock valued at $28,000 after buying an additional 643 shares during the period. Finally, Millennium Management LLC raised its holdings in Farmers & Merchants Bancorp by 2.9% in the 3rd quarter. Millennium Management LLC now owns 25,483 shares of the financial services provider’s stock valued at $637,000 after buying an additional 722 shares during the last quarter. Institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp (NASDAQ:FMAO) is the bank holding company for Farmers & Merchants Bank of Central California, a community-focused institution headquartered in Los Banos, California. The bank traces its roots to 1916 and has grown to serve individuals, businesses and agricultural enterprises throughout the western San Joaquin Valley. Operating with a commitment to local decision-making, the company emphasizes personalized service and close ties to the communities in which it operates.

Through its banking subsidiary, Farmers & Merchants offers a comprehensive suite of financial products and services, including checking and savings accounts, certificates of deposit, online and mobile banking platforms, and merchant services.