Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $79,320.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAOGet Free Report) Director Andrew Briggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $26.44, for a total value of $79,320.00. Following the completion of the sale, the director directly owned 240,085 shares of the company’s stock, valued at $6,347,847.40. This trade represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Farmers & Merchants Bancorp Trading Down 1.0%

Shares of Farmers & Merchants Bancorp stock opened at $27.54 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.98 and a current ratio of 0.98. Farmers & Merchants Bancorp Inc. has a 52 week low of $22.59 and a 52 week high of $29.83. The stock has a 50 day moving average price of $26.37 and a two-hundred day moving average price of $26.05. The stock has a market capitalization of $379.23 million, a PE ratio of 10.55 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $32.54 million. As a group, equities analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Friday, April 3rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, April 2nd. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 35.25%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FMAO. Hovde Group cut their target price on 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 reaffirmed a “neutral” rating and set a $28.50 target price (up from $28.00) on shares of Farmers & Merchants Bancorp in a research report on Monday, April 27th. Finally, Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.50.

Read Our Latest Stock Analysis on Farmers & Merchants Bancorp

Institutional Trading of Farmers & Merchants Bancorp

A number of hedge funds have recently bought and sold shares of FMAO. Royal Bank of Canada lifted its holdings in Farmers & Merchants Bancorp by 124.6% during the fourth 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 bought a new stake in Farmers & Merchants Bancorp during the fourth quarter worth $34,000. BNP Paribas Financial Markets lifted its holdings in Farmers & Merchants Bancorp by 36.0% during the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 509 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Farmers & Merchants Bancorp by 948.7% during the second 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 period. Finally, Globeflex Capital L P bought a new stake in Farmers & Merchants Bancorp during the first quarter worth $152,000. 23.96% of the stock is currently owned by institutional investors.

About Farmers & Merchants Bancorp

(Get Free Report)

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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Insider Buying and Selling by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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