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

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAOGet Free Report) Director Andrew Briggs sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $26.66, for a total transaction of $79,980.00. Following the completion of the transaction, the director owned 246,085 shares in the company, valued at approximately $6,560,626.10. This represents a 1.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Farmers & Merchants Bancorp Stock Up 3.1%

Shares of NASDAQ FMAO traded up $0.83 during midday trading on Monday, hitting $27.27. The stock had a trading volume of 100,861 shares, compared to its average volume of 49,827. The business’s 50 day moving average is $26.15 and its 200-day moving average is $25.93. The company has a market cap of $375.51 million, a P/E ratio of 10.45 and a beta of 0.82. Farmers & Merchants Bancorp Inc. has a 52 week low of $22.59 and a 52 week high of $29.83. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Free Report) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $32.44 million for the quarter, compared to the consensus estimate of $32.54 million. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. As a group, analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.

Farmers & Merchants Bancorp Dividend Announcement

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

Institutional Trading of Farmers & Merchants Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC increased its holdings in 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 valued at $487,000 after buying an additional 401 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Farmers & Merchants Bancorp by 36.0% during 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 last quarter. Royal Bank of Canada increased its holdings in Farmers & Merchants Bancorp by 124.6% during 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 last quarter. Millennium Management LLC increased its holdings in Farmers & Merchants Bancorp by 2.9% during the third 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. Finally, Invesco Ltd. increased its holdings in Farmers & Merchants Bancorp by 5.8% during the fourth quarter. Invesco Ltd. now owns 14,887 shares of the financial services provider’s stock valued at $368,000 after buying an additional 817 shares during the last quarter. 23.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Hovde Group decreased their price objective on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a report on Friday, April 24th. Piper Sandler reissued a “neutral” rating and set a $28.50 price objective (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. Finally, Weiss Ratings raised shares of Farmers & Merchants Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.50.

Read Our Latest Research Report on Farmers & Merchants Bancorp

About Farmers & Merchants Bancorp

(Get Free Report)

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.

Further Reading

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