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

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAOGet Free Report) Director Andrew Briggs sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $30.58, for a total transaction of $91,740.00. Following the completion of the transaction, the director owned 147,550 shares of the company’s stock, valued at $4,512,079. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Farmers & Merchants Bancorp Stock Performance

FMAO opened at $31.45 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $433.07 million, a price-to-earnings ratio of 12.05 and a beta of 0.81. Farmers & Merchants Bancorp Inc. has a 1 year low of $22.77 and a 1 year high of $31.45. The business’s 50-day moving average price is $28.00 and its two-hundred day moving average price is $26.85.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. The company had revenue of $32.44 million for the quarter, compared to the consensus estimate of $32.54 million. Equities analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Friday, July 10th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. Farmers & Merchants Bancorp’s payout ratio is 35.25%.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FMAO. Segall Bryant & Hamill LLC acquired a new position in shares of Farmers & Merchants Bancorp in the 1st quarter worth approximately $1,319,000. Bank of America Corp DE lifted its stake in Farmers & Merchants Bancorp by 15.6% during the 1st quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 2,326 shares in the last quarter. Rhino Investment Partners Inc bought a new position in shares of Farmers & Merchants Bancorp during the 1st quarter worth approximately $1,765,000. Quantinno Capital Management LP lifted its holdings in Farmers & Merchants Bancorp by 37.0% during the first quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider’s stock worth $977,000 after acquiring an additional 10,279 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Farmers & Merchants Bancorp in the 1st quarter worth about $204,000. Institutional investors and hedge funds own 23.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Hovde Group dropped 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 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 research note on Thursday, June 18th. Finally, Piper Sandler reissued a “neutral” rating and set a $32.00 price target (up from $28.50) on shares of Farmers & Merchants Bancorp in a research report on Thursday, June 25th. One equities 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 price target of $30.25.

Read Our Latest Report on Farmers & Merchants Bancorp

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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