Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $27.99, for a total value of $83,970.00. Following the completion of the sale, the director owned 198,550 shares of the company’s stock, valued at $5,557,414.50. The trade was a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Farmers & Merchants Bancorp Stock Performance
Shares of Farmers & Merchants Bancorp stock opened at $28.36 on Friday. 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 business has a 50-day moving average price of $27.20 and a two-hundred day moving average price of $26.43. Farmers & Merchants Bancorp Inc. has a 1-year low of $22.77 and a 1-year high of $29.83. The company has a market cap of $390.52 million, a P/E ratio of 10.87 and a beta of 0.82.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $32.44 million during the quarter, compared to the consensus estimate of $32.54 million. As a group, analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.
Farmers & Merchants Bancorp Dividend Announcement
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Farmers & Merchants Bancorp by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 682,608 shares of the financial services provider’s stock worth $17,072,000 after buying an additional 4,979 shares during the period. Goelzer Investment Management Inc. raised its stake in Farmers & Merchants Bancorp by 1,659.8% during the 4th quarter. Goelzer Investment Management Inc. now owns 485,064 shares of the financial services provider’s stock worth $11,991,000 after buying an additional 457,500 shares during the period. Geode Capital Management LLC raised its stake in Farmers & Merchants Bancorp by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 301,252 shares of the financial services provider’s stock worth $7,448,000 after buying an additional 2,402 shares during the period. Align Financial LLC acquired a new position in Farmers & Merchants Bancorp during the 4th quarter worth approximately $6,844,000. Finally, Dimensional Fund Advisors LP raised its stake in Farmers & Merchants Bancorp by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 226,917 shares of the financial services provider’s stock worth $5,825,000 after buying an additional 12,356 shares during the period. 23.96% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on FMAO shares. Weiss Ratings downgraded Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Piper Sandler reissued 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, Hovde Group cut their target price on shares of 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. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.50.
Check Out Our Latest Report on FMAO
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.
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