Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) EVP David Gerken sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $33.72, for a total transaction of $33,720.00. Following the transaction, the executive vice president directly owned 6,509 shares of the company’s stock, valued at $219,483.48. This trade represents a 13.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Farmers & Merchants Bancorp Trading Up 0.4%
Shares of FMAO opened at $34.28 on Friday. Farmers & Merchants Bancorp Inc. has a twelve month low of $22.77 and a twelve month high of $35.94. The firm has a market capitalization of $472.04 million, a P/E ratio of 11.78 and a beta of 0.80. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $30.28 and its 200 day simple moving average is $27.93.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last posted 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 firm had revenue of $34.35 million during the quarter, compared to the consensus estimate of $33.05 million. Farmers & Merchants Bancorp had a return on equity of 10.72% and a net margin of 20.27%. On average, equities research analysts forecast that Farmers & Merchants Bancorp Inc. will post 3.05 earnings per share for the current year.
Farmers & Merchants Bancorp Dividend Announcement
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Align Financial LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the fourth quarter worth approximately $6,844,000. Rhino Investment Partners Inc bought a new position in Farmers & Merchants Bancorp during the 1st quarter valued at $1,765,000. Segall Bryant & Hamill LLC acquired a new position in Farmers & Merchants Bancorp during the 1st quarter worth $1,319,000. Bank of New York Mellon Corp bought a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth about $1,524,000. Finally, Jane Street Group LLC raised its stake in shares of Farmers & Merchants Bancorp by 186.8% in the 4th quarter. Jane Street Group LLC now owns 15,762 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 33,916 shares in the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on FMAO shares. Hovde Group dropped their price objective on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a research report on Friday, April 24th. Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Zacks Research raised Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Piper Sandler restated a “neutral” rating and issued a $36.00 price target (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.25.
Read Our Latest Research Report 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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