Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $31.59, for a total value of $94,770.00. Following the sale, the director owned 93,550 shares of the company’s stock, valued at approximately $2,955,244.50. This trade represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Farmers & Merchants Bancorp Trading Up 10.4%
Shares of FMAO opened at $34.44 on Wednesday. Farmers & Merchants Bancorp Inc. has a 1-year low of $22.77 and a 1-year high of $34.74. The company has a market capitalization of $474.24 million, a P/E ratio of 11.84 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 firm’s 50 day simple moving average is $29.39 and its 200 day simple moving average is $27.49.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.19. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.83%. The firm had revenue of $34.35 million for the quarter, compared to analysts’ expectations of $33.05 million. Sell-side analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.
Farmers & Merchants Bancorp Announces Dividend
Analysts Set New Price Targets
FMAO has been the topic of a number of recent research reports. Hovde Group reduced their price target on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Piper Sandler reiterated a “neutral” rating on shares of Farmers & Merchants Bancorp in a research report on Wednesday. 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 investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Farmers & Merchants Bancorp currently has a consensus rating of “Hold” and a consensus target price of $30.25.
Get Our Latest Stock Analysis on FMAO
Institutional Investors Weigh In On Farmers & Merchants Bancorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhino Investment Partners Inc purchased a new stake in Farmers & Merchants Bancorp during the 1st quarter valued at $1,765,000. Walleye Capital LLC purchased a new position in shares of Farmers & Merchants Bancorp in the first quarter valued at about $204,000. Globeflex Capital L P bought a new position in shares of Farmers & Merchants Bancorp during the first quarter valued at about $152,000. Legato Capital Management LLC bought a new position in shares of Farmers & Merchants Bancorp during the fourth quarter valued at about $207,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Farmers & Merchants Bancorp by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 12,702 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 2,172 shares during the period. 23.96% of the stock is currently owned by institutional investors.
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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