Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $35.11, for a total value of $105,330.00. Following the sale, the director directly owned 51,550 shares in the company, valued at $1,809,920.50. This trade represents a 5.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Farmers & Merchants Bancorp Trading Down 3.8%
Shares of NASDAQ:FMAO opened at $33.50 on Thursday. The company has a market capitalization of $461.30 million, a PE ratio of 11.51 and a beta of 0.80. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. Farmers & Merchants Bancorp Inc. has a 12-month low of $22.77 and a 12-month high of $35.94. The business’s fifty day simple moving average is $31.52 and its 200-day simple moving average is $28.49.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.19. Farmers & Merchants Bancorp had a return on equity of 10.72% and a net margin of 20.27%.The firm had revenue of $34.35 million during the quarter, compared to analysts’ expectations of $33.05 million. As a group, equities research analysts predict that Farmers & Merchants Bancorp Inc. will post 3.05 earnings per share for the current fiscal year.
Farmers & Merchants Bancorp Announces Dividend
Institutional Investors Weigh In On Farmers & Merchants Bancorp
Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc increased its position in shares of Farmers & Merchants Bancorp by 72.2% in the 2nd quarter. Versant Capital Management Inc now owns 813 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 341 shares during the period. Ancora Advisors LLC purchased a new stake in Farmers & Merchants Bancorp during the 3rd quarter valued at about $921,000. Royal Bank of Canada grew its stake 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 purchasing an additional 643 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Farmers & Merchants Bancorp in the second quarter valued at about $40,000. Finally, CANADA LIFE ASSURANCE Co acquired a new position in shares of Farmers & Merchants Bancorp in the fourth quarter valued at about $34,000. 23.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on FMAO shares. 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. Piper Sandler reiterated a “neutral” rating and set a $36.00 price objective (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday, July 29th. Hovde Group lowered their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a research report on Friday, April 24th. Wall Street Zen upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research raised Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.25.
View Our Latest Report on FMAO
About Farmers & Merchants Bancorp
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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