Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $35.38, for a total value of $106,140.00. Following the sale, the director directly owned 54,550 shares of the company’s stock, valued at approximately $1,929,979. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Farmers & Merchants Bancorp Stock Performance
NASDAQ:FMAO opened at $35.11 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $483.46 million, a price-to-earnings ratio of 12.07 and a beta of 0.80. The firm’s fifty day moving average price is $31.15 and its 200 day moving average price is $28.31. Farmers & Merchants Bancorp Inc. has a 1-year low of $22.77 and a 1-year high of $35.94.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.19. The company had revenue of $34.35 million during the quarter, compared to the consensus estimate of $33.05 million. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.72%. On average, sell-side analysts expect that Farmers & Merchants Bancorp Inc. will post 3.05 EPS for the current year.
Farmers & Merchants Bancorp Announces Dividend
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in shares of Farmers & Merchants Bancorp by 72.2% during the 2nd 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 during the period. Royal Bank of Canada grew its holdings 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 worth $28,000 after acquiring an additional 643 shares during the period. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Farmers & Merchants Bancorp in the 4th quarter worth approximately $34,000. Legal & General Group Plc purchased a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at approximately $40,000. Finally, BNP Paribas Financial Markets increased its stake in 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 owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on FMAO. Weiss Ratings upgraded Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Piper Sandler reissued 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. Wall Street Zen upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Hovde Group dropped their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock in a report on Friday, April 24th. Finally, Zacks Research upgraded Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Farmers & Merchants Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $32.25.
Get Our Latest Report on Farmers & Merchants Bancorp
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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