Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $34.86, for a total transaction of $104,580.00. Following the completion of the transaction, the director directly owned 87,550 shares of the company’s stock, valued at $3,051,993. The trade was a 3.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Farmers & Merchants Bancorp Stock Up 0.1%
FMAO stock opened at $33.36 on Friday. The stock has a market capitalization of $459.37 million, a PE ratio of 11.46 and a beta of 0.81. Farmers & Merchants Bancorp Inc. has a 52 week low of $22.77 and a 52 week high of $35.94. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $29.77 and a 200 day moving average of $27.66.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.19. The business had revenue of $34.35 million for the quarter, compared to analyst estimates of $33.05 million. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.72%. Sell-side analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.94 earnings per share for the current year.
Farmers & Merchants Bancorp Dividend Announcement
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on FMAO. Hovde Group reduced their target price on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a research note on Friday, April 24th. Wall Street Zen upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Zacks Research upgraded Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $36.00 target price (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.25.
Get Our Latest Stock Report on FMAO
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in FMAO. Versant Capital Management Inc boosted 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 purchasing an additional 341 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Farmers & Merchants Bancorp by 2.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 401 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Farmers & Merchants Bancorp by 36.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after buying an additional 509 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Farmers & Merchants Bancorp by 124.6% during the 4th quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock valued at $28,000 after buying an additional 643 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Farmers & Merchants Bancorp by 2.9% in the 3rd quarter. Millennium Management LLC now owns 25,483 shares of the financial services provider’s stock valued at $637,000 after buying an additional 722 shares during the period. Hedge funds and other 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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