Insider Selling: Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells 3,000 Shares of Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $29.62, for a total value of $88,860.00. Following the transaction, the director owned 159,550 shares of the company’s stock, valued at $4,725,871. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Farmers & Merchants Bancorp Trading Up 1.5%

Shares of NASDAQ:FMAO traded up $0.46 during mid-day trading on Friday, reaching $30.39. The stock had a trading volume of 475,630 shares, compared to its average volume of 61,678. The firm has a market cap of $418.40 million, a PE ratio of 11.64 and a beta of 0.82. The firm has a 50 day simple moving average of $27.71 and a two-hundred day simple moving average of $26.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.58. Farmers & Merchants Bancorp Inc. has a twelve month low of $22.77 and a twelve month high of $30.90.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ancora Advisors LLC bought a new stake in shares of Farmers & Merchants Bancorp during the third quarter worth $921,000. Royal Bank of Canada boosted its stake in Farmers & Merchants Bancorp by 124.6% in the 4th quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 643 shares during the period. CANADA LIFE ASSURANCE Co acquired a new position in Farmers & Merchants Bancorp in the 4th quarter worth $34,000. BNP Paribas Financial Markets increased its holdings in Farmers & Merchants Bancorp by 36.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 509 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Farmers & Merchants Bancorp by 948.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 4,013 shares in the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.

Analyst Upgrades and Downgrades

FMAO has been the topic of several research analyst reports. Hovde Group dropped their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock 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 note on Thursday. Finally, Weiss Ratings upgraded Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Farmers & Merchants Bancorp has an average rating of “Hold” and an average target price of $30.25.

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.