Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $27.20, for a total value of $81,600.00. Following the completion of the transaction, the director directly owned 252,085 shares in the company, valued at approximately $6,856,712. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Farmers & Merchants Bancorp Stock Performance
Shares of FMAO stock traded up $0.34 during mid-day trading on Thursday, reaching $27.04. The stock had a trading volume of 40,586 shares, compared to its average volume of 48,337. The firm’s 50 day simple moving average is $26.14 and its 200 day simple moving average is $25.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58. Farmers & Merchants Bancorp Inc. has a one year low of $22.59 and a one year high of $29.83. The firm has a market cap of $372.22 million, a PE ratio of 10.36 and a beta of 0.82.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%.The firm had revenue of $32.44 million during the quarter, compared to the consensus estimate of $32.54 million. On average, analysts forecast 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
Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its position in shares of Farmers & Merchants Bancorp by 124.6% in the fourth 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 acquired a new stake in shares of Farmers & Merchants Bancorp in the 4th quarter valued at $34,000. BNP Paribas Financial Markets lifted its stake 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 acquiring an additional 509 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Farmers & Merchants Bancorp by 948.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 4,013 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in Farmers & Merchants Bancorp in the first quarter valued at $152,000. Institutional investors own 23.96% of the company’s stock.
Analyst Upgrades and Downgrades
FMAO has been the topic of a number of research reports. Weiss Ratings upgraded Farmers & Merchants Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 6th. Piper Sandler restated a “neutral” rating and issued a $28.50 price target (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. Finally, Hovde Group cut their price target 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. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.50.
Read Our Latest Report on Farmers & Merchants Bancorp
About Farmers & Merchants Bancorp
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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