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 firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $28.66, for a total transaction of $85,980.00. Following the sale, the director owned 165,550 shares in the company, valued at $4,744,663. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Farmers & Merchants Bancorp Price Performance

Farmers & Merchants Bancorp stock traded up $0.30 during mid-day trading on Wednesday, hitting $29.53. The stock had a trading volume of 133,196 shares, compared to its average volume of 57,720. The firm has a market capitalization of $406.63 million, a P/E ratio of 11.31 and a beta of 0.82. 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’s 50 day moving average is $27.59 and its 200 day moving average is $26.65. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $29.83.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Free Report) last posted its quarterly earnings results 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 business had revenue of $32.44 million for the quarter, compared to analysts’ expectations of $32.54 million. On average, sell-side analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Farmers & Merchants Bancorp by 124.6% during the 4th quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock valued at $28,000 after buying an additional 643 shares in the last quarter. CANADA LIFE ASSURANCE Co bought a new position in shares of Farmers & Merchants Bancorp during the 4th quarter valued at approximately $34,000. BNP Paribas Financial Markets boosted its position in shares of Farmers & Merchants Bancorp by 36.0% during 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 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 valued at $112,000 after purchasing an additional 4,013 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in Farmers & Merchants Bancorp in the first quarter worth $152,000. 23.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FMAO has been the topic of a number of research analyst reports. Hovde Group lowered 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. Piper Sandler reissued a “neutral” rating and issued a $28.50 target price (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.50.

View Our Latest Stock Analysis on FMAO

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.

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

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