Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $28.66, for a total transaction of $85,980.00. Following the sale, the director owned 165,550 shares in the company, valued at $4,744,663. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Farmers & Merchants Bancorp Price Performance
Farmers & Merchants Bancorp stock traded up $0.30 during mid-day trading on Wednesday, hitting $29.53. The stock had a trading volume of 133,196 shares, compared to its average volume of 57,720. The firm has a market capitalization of $406.63 million, a P/E ratio of 11.31 and a beta of 0.82. 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 firm’s 50 day moving average is $27.59 and its 200 day moving average is $26.65. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $29.83.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 EPS for the quarter, beating 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 business had revenue of $32.44 million for the quarter, compared to analysts’ expectations of $32.54 million. On average, sell-side analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Farmers & Merchants Bancorp
Analyst Upgrades and Downgrades
FMAO has been the topic of a number of research analyst reports. Hovde Group lowered their price target on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock in a report on Friday, April 24th. Piper Sandler reissued a “neutral” rating and issued a $28.50 target price (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.50.
View Our Latest Stock Analysis 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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