Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp stock in a transaction on Monday, June 29th. The shares were sold at an average price of $30.09, for a total value of $90,270.00. Following the sale, the director directly owned 153,550 shares of the company’s stock, valued at $4,620,319.50. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Farmers & Merchants Bancorp Price Performance
NASDAQ FMAO traded up $0.71 during trading on Wednesday, reaching $31.30. The company’s stock had a trading volume of 60,439 shares, compared to its average volume of 62,336. The stock has a market capitalization of $430.93 million, a PE ratio of 12.01 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. The firm has a fifty day moving average of $27.92 and a 200 day moving average of $26.82. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $31.44.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $32.44 million for the quarter, compared to analysts’ expectations of $32.54 million. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. Analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.
Farmers & Merchants Bancorp Dividend Announcement
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on FMAO. Piper Sandler reiterated a “neutral” rating and issued a $32.00 target price (up from $28.50) on shares of Farmers & Merchants Bancorp in a research report on Thursday, June 25th. Hovde Group cut their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a report on Friday, April 24th. Finally, Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a 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 stock currently has an average rating of “Hold” and a consensus target price of $30.25.
View Our Latest Stock Report on FMAO
Hedge Funds Weigh In On Farmers & Merchants Bancorp
Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in Farmers & Merchants Bancorp by 124.6% in the 4th quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 643 shares during the period. CANADA LIFE ASSURANCE Co bought a new position in shares of Farmers & Merchants Bancorp during the fourth quarter valued at about $34,000. BNP Paribas Financial Markets increased 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 buying an additional 509 shares during the period. Tower Research Capital LLC TRC increased 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 buying an additional 4,013 shares during the period. Finally, Globeflex Capital L P bought a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter valued at about $152,000. Institutional investors own 23.96% of the company’s stock.
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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