Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $28.39, for a total transaction of $85,170.00. Following the sale, the director owned 186,550 shares of the company’s stock, valued at $5,296,154.50. This represents a 1.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Farmers & Merchants Bancorp Stock Up 1.6%
Shares of NASDAQ FMAO opened at $28.80 on Friday. The company has a 50 day simple moving average of $27.26 and a 200-day simple moving average of $26.45. The company has a market capitalization of $396.52 million, a P/E ratio of 11.03 and a beta of 0.82. 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 1 year low of $22.77 and a 1 year high of $29.83.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last announced 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. The business had revenue of $32.44 million during 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%. On average, equities research analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current year.
Farmers & Merchants Bancorp Announces Dividend
Institutional Investors Weigh In On Farmers & Merchants Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter valued at $1,319,000. Bank of America Corp DE raised its holdings in shares of 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 purchasing an additional 2,326 shares in the last quarter. Rhino Investment Partners Inc acquired a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter valued at $1,765,000. Quantinno Capital Management LP raised 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 valued at $977,000 after purchasing an additional 10,279 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter valued at $204,000. 23.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on FMAO. Hovde Group lowered 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 research report on Friday, April 24th. Weiss Ratings cut shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $28.50 price objective (up from $28.00) on shares of Farmers & Merchants Bancorp in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.50.
View Our Latest Research Report on FMAO
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.
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