Andrew Briggs Sells 3,000 Shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAOGet Free Report) Director Andrew Briggs sold 3,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $27.81, for a total value of $83,430.00. Following the completion of the transaction, the director directly owned 201,550 shares in the company, valued at $5,605,105.50. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Farmers & Merchants Bancorp Trading Up 0.8%

Shares of FMAO opened at $28.09 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $386.80 million, a P/E ratio of 10.76 and a beta of 0.82. The stock’s fifty day simple moving average is $26.96 and its 200 day simple moving average is $26.29. Farmers & Merchants Bancorp Inc. has a twelve month low of $22.77 and a twelve month high of $29.83.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Free Report) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $32.44 million for the quarter, compared to analyst estimates of $32.54 million. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%. On average, equities research analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Friday, April 3rd were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend 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 research analysts have commented on FMAO shares. Hovde Group cut their price objective 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 reissued a “neutral” rating and issued a $28.50 price objective (up from $28.00) on shares of Farmers & Merchants Bancorp in a research report on Monday, April 27th. Finally, Weiss Ratings lowered Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.50.

Get Our Latest Stock Analysis on Farmers & Merchants Bancorp

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FMAO. Royal Bank of Canada raised its position in 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 period. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Farmers & Merchants Bancorp during the fourth quarter valued at about $34,000. BNP Paribas Financial Markets grew its stake in shares of 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 valued at $49,000 after acquiring an additional 509 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Farmers & Merchants Bancorp by 948.7% in 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 in the last quarter. Finally, Globeflex Capital L P acquired a new position in shares of Farmers & Merchants Bancorp in the first quarter worth about $152,000. 23.96% of the stock is owned by hedge funds and other institutional investors.

Farmers & Merchants Bancorp Company Profile

(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.

Further Reading

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

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