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 Farmers & Merchants Bancorp stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $27.76, for a total transaction of $83,280.00. Following the completion of the sale, the director owned 207,085 shares of the company’s stock, valued at approximately $5,748,679.60. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Farmers & Merchants Bancorp Stock Down 3.2%

Shares of NASDAQ:FMAO opened at $27.14 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $26.84 and a 200 day simple moving average of $26.25. The firm has a market cap of $373.72 million, a PE ratio of 10.40 and a beta of 0.82. Farmers & Merchants Bancorp Inc. has a 12-month low of $22.59 and a 12-month high of $29.83.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. The business had revenue of $32.44 million during the quarter, compared to analyst estimates of $32.54 million. On average, equities research analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Friday, April 3rd were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, April 2nd. This represents a $0.92 annualized dividend and a yield of 3.4%. Farmers & Merchants Bancorp’s payout ratio is presently 35.25%.

Analyst Ratings Changes

Several analysts have weighed in on FMAO shares. Hovde Group lowered their target price on shares of 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 reiterated a “neutral” rating and set a $28.50 target price (up from $28.00) on shares of Farmers & Merchants Bancorp in a research note on Monday, April 27th. Finally, Weiss Ratings lowered shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.50.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several institutional investors have recently modified their holdings of FMAO. Segall Bryant & Hamill LLC acquired a new stake in Farmers & Merchants Bancorp in the 1st quarter valued at about $1,319,000. Bank of America Corp DE lifted its holdings in Farmers & Merchants Bancorp by 15.6% in the 1st quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 2,326 shares during the last quarter. Rhino Investment Partners Inc acquired a new stake in Farmers & Merchants Bancorp in the 1st quarter valued at about $1,765,000. Quantinno Capital Management LP grew its holdings in shares of Farmers & Merchants Bancorp by 37.0% in the 1st quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider’s stock worth $977,000 after acquiring an additional 10,279 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Farmers & Merchants Bancorp in the 1st quarter worth $204,000. Institutional investors own 23.96% of the company’s stock.

About Farmers & Merchants Bancorp

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.