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

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 6,000 shares of the stock in a transaction 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 sale, the director owned 168,550 shares in the company, valued at approximately $4,840,756. This represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Farmers & Merchants Bancorp Stock Up 1.4%

FMAO stock opened at $29.93 on Friday. The stock has a market capitalization of $412.14 million, a P/E ratio of 11.47 and a beta of 0.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.98 and a quick ratio of 0.98. Farmers & Merchants Bancorp Inc. has a 1-year low of $22.77 and a 1-year high of $30.05. The business has a fifty day moving average price of $27.71 and a 200-day moving average price of $26.72.

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

Institutional Investors Weigh In On Farmers & Merchants Bancorp

A number of large investors have recently made changes to their positions in FMAO. Bridgeway Capital Management LLC boosted its holdings in shares of 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 worth $487,000 after buying an additional 401 shares during the last quarter. BNP Paribas Financial Markets grew its position in Farmers & Merchants Bancorp by 36.0% during 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 during the period. Royal Bank of Canada increased its holdings in Farmers & Merchants Bancorp by 124.6% during the fourth 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 during the last quarter. Millennium Management LLC increased its holdings in Farmers & Merchants Bancorp by 2.9% during the third quarter. Millennium Management LLC now owns 25,483 shares of the financial services provider’s stock valued at $637,000 after buying an additional 722 shares during the last quarter. Finally, Invesco Ltd. raised its position in Farmers & Merchants Bancorp by 5.8% in the fourth quarter. Invesco Ltd. now owns 14,887 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 817 shares during the period. 23.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. 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. Hovde Group cut their target price on shares of 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. Finally, Piper Sandler reiterated a “neutral” rating and set a $32.00 target price (up from $28.50) on shares of Farmers & Merchants Bancorp in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Farmers & Merchants Bancorp has an average rating of “Hold” and an average price target of $30.25.

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.