Farmers & Merchants Bancorp (NASDAQ:FMAO) EVP David Gerken Sells 825 Shares

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) EVP David Gerken sold 825 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $28.16, for a total transaction of $23,232.00. Following the transaction, the executive vice president owned 7,509 shares in the company, valued at $211,453.44. The trade was a 9.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Farmers & Merchants Bancorp Stock Performance

Shares of NASDAQ FMAO traded down $0.41 during midday trading on Monday, reaching $28.39. The company had a trading volume of 79,632 shares, compared to its average volume of 54,133. Farmers & Merchants Bancorp Inc. has a 1 year low of $22.77 and a 1 year high of $29.83. The business’s 50-day simple moving average is $27.31 and its 200 day simple moving average is $26.49. 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 stock has a market cap of $390.93 million, a P/E ratio of 10.88 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share 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 firm had revenue of $32.44 million for the quarter, compared to analyst estimates of $32.54 million. On average, analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Friday, April 3rd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, April 2nd. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 35.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FMAO shares. Hovde Group cut their price target on shares of 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 set 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 downgraded shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.50.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Farmers & Merchants Bancorp in the 1st quarter valued at $380,000. Franklin Resources Inc. acquired a new stake in Farmers & Merchants Bancorp during the second quarter valued at $210,000. Bridgeway Capital Management LLC increased its holdings in Farmers & Merchants Bancorp by 2.1% in the second quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider’s stock valued at $487,000 after buying an additional 401 shares in the last quarter. BNP Paribas Financial Markets increased 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 valued at $49,000 after buying an additional 509 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position 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 during the period. Institutional investors and hedge funds own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Company Profile

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.