Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $29.52, for a total value of $88,560.00. Following the transaction, the director directly owned 129,550 shares in the company, valued at approximately $3,824,316. The trade was a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Farmers & Merchants Bancorp Stock Performance
NASDAQ FMAO opened at $29.82 on Monday. The company has a market cap of $410.62 million, a P/E ratio of 11.43 and a beta of 0.81. 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 stock has a 50-day moving average of $28.47 and a two-hundred day moving average of $26.99. Farmers & Merchants Bancorp Inc. has a 1-year low of $22.77 and a 1-year high of $32.00.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last issued 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. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. The company had revenue of $32.44 million for the quarter, compared to analyst estimates of $32.54 million. As a group, analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.
Farmers & Merchants Bancorp Dividend Announcement
Institutional Trading of Farmers & Merchants Bancorp
A number of large investors have recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in Farmers & Merchants Bancorp by 72.2% in the second quarter. Versant Capital Management Inc now owns 813 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 341 shares in the last quarter. Ancora Advisors LLC acquired a new position in Farmers & Merchants Bancorp during the 3rd quarter worth approximately $921,000. Royal Bank of Canada increased its position in shares of 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 valued at $28,000 after purchasing an additional 643 shares during the last quarter. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Farmers & Merchants Bancorp in the 4th quarter valued at approximately $34,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Farmers & Merchants Bancorp by 36.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 509 shares in the last quarter. 23.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
FMAO has been the subject of several research reports. Piper Sandler restated a “neutral” rating and issued a $32.00 price target (up from $28.50) on shares of Farmers & Merchants Bancorp in a research note on Thursday, June 25th. Hovde Group reduced their price objective 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, Weiss Ratings upgraded Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.25.
Read Our Latest 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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