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

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAOGet Free Report) Director Andrew Briggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $28.63, for a total value of $85,890.00. Following the transaction, the director owned 177,550 shares in the company, valued at $5,083,256.50. This represents a 1.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Farmers & Merchants Bancorp Stock Performance

NASDAQ:FMAO traded down $0.32 during mid-day trading on Wednesday, reaching $28.55. 124,641 shares of the stock were exchanged, compared to its average volume of 55,389. The company has a 50 day simple moving average of $27.42 and a 200-day simple moving average of $26.54. The stock has a market capitalization of $393.08 million, a P/E ratio of 10.94 and a beta of 0.82. 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 Inc. has a 1 year low of $22.77 and a 1 year high of $29.83.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Free Report) last released 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 firm had revenue of $32.44 million for the quarter, compared to the consensus estimate of $32.54 million. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%. Analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Friday, April 3rd were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, April 2nd. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is currently 35.25%.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in Farmers & Merchants Bancorp during the first quarter worth $380,000. Franklin Resources Inc. acquired a new position in shares of Farmers & Merchants Bancorp in the second quarter worth $210,000. Bridgeway Capital Management LLC raised its holdings in shares of Farmers & Merchants Bancorp by 2.1% in the second quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 401 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Farmers & Merchants Bancorp by 36.0% in the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 509 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Farmers & Merchants Bancorp by 948.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 4,013 shares during the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.

Wall Street Analysts Forecast Growth

FMAO has been the topic of a number of research reports. Weiss Ratings downgraded Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Hovde Group lowered their target price 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. Finally, Piper Sandler reiterated a “neutral” rating and issued a $28.50 target price (up from $28.00) on shares of Farmers & Merchants Bancorp in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.50.

View 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.

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Insider Buying and Selling by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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