Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $28.72, for a total value of $172,320.00. Following the transaction, the director directly owned 168,550 shares of the company’s stock, valued at $4,840,756. The trade was a 3.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Farmers & Merchants Bancorp Trading Up 1.0%
Shares of FMAO stock traded up $0.30 during trading hours on Wednesday, reaching $29.53. The company’s stock had a trading volume of 133,196 shares, compared to its average volume of 57,720. The stock has a market capitalization of $406.63 million, a P/E ratio of 11.31 and a beta of 0.82. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $29.83. The firm’s fifty day simple moving average is $27.59 and its 200 day simple moving average is $26.65. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.58.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last announced its 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 company had revenue of $32.44 million during the quarter, compared to the consensus estimate of $32.54 million. Equities research analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.
Institutional Trading of Farmers & Merchants Bancorp
Wall Street Analyst Weigh In
FMAO has been the topic of a number of research reports. 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. Weiss Ratings upgraded shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Finally, Piper Sandler reiterated a “neutral” rating and set a $28.50 target price (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. One equities research 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 presently has a consensus rating of “Hold” and a consensus price target of $28.50.
Check Out Our Latest Report on Farmers & Merchants Bancorp
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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