Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Andrew Briggs Sells 6,000 Shares of Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAOGet Free Report) Director Andrew Briggs sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $28.72, for a total value of $172,320.00. Following the transaction, the director directly owned 168,550 shares of the company’s stock, valued at $4,840,756. The trade was a 3.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Farmers & Merchants Bancorp Trading Up 1.0%

Shares of FMAO stock traded up $0.30 during trading hours on Wednesday, reaching $29.53. The company’s stock had a trading volume of 133,196 shares, compared to its average volume of 57,720. The stock has a market capitalization of $406.63 million, a P/E ratio of 11.31 and a beta of 0.82. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $29.83. The firm’s fifty day simple moving average is $27.59 and its 200 day simple moving average is $26.65. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.58.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Free Report) last announced its 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 company had revenue of $32.44 million during the quarter, compared to the consensus estimate of $32.54 million. Equities research analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.

Institutional Trading of Farmers & Merchants Bancorp

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its stake 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 in the last quarter. CANADA LIFE ASSURANCE Co bought a new stake in Farmers & Merchants Bancorp during the fourth quarter worth about $34,000. BNP Paribas Financial Markets grew its holdings in Farmers & Merchants Bancorp by 36.0% in the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 509 shares during the period. Tower Research Capital LLC TRC grew its holdings in 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 purchasing an additional 4,013 shares during the period. Finally, Globeflex Capital L P bought a new position in shares of Farmers & Merchants Bancorp during the first quarter valued at approximately $152,000. Institutional investors own 23.96% of the company’s stock.

Wall Street Analyst Weigh In

FMAO has been the topic of a number of research reports. Hovde Group cut their target price on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Finally, Piper Sandler reiterated a “neutral” rating and set a $28.50 target price (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.50.

Check Out Our Latest Report on Farmers & Merchants Bancorp

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.

Further Reading

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

Receive News & Ratings for Farmers & Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers & Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.