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

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $34.76, for a total transaction of $104,280.00. Following the completion of the transaction, the director owned 75,550 shares in the company, valued at approximately $2,626,118. This trade represents a 3.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Farmers & Merchants Bancorp Stock Up 0.4%

Farmers & Merchants Bancorp stock opened at $34.28 on Friday. The company’s 50-day moving average price is $30.28 and its two-hundred day moving average price is $27.93. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The stock has a market cap of $472.04 million, a P/E ratio of 11.78 and a beta of 0.80. Farmers & Merchants Bancorp Inc. has a twelve month low of $22.77 and a twelve month high of $35.94.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.86 earnings per share (EPS) 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 company had revenue of $34.35 million during the quarter, compared to analysts’ expectations of $33.05 million. As a group, analysts expect that Farmers & Merchants Bancorp Inc. will post 3.05 EPS for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, July 10th were paid a $0.23 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.92 annualized dividend and a yield of 2.7%. Farmers & Merchants Bancorp’s payout ratio is 31.62%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings upgraded Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Zacks Research raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Hovde Group decreased 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 research note on Friday, April 24th. Wall Street Zen upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $36.00 price target (up from $32.00) on shares of Farmers & Merchants Bancorp in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.25.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in Farmers & Merchants Bancorp by 72.2% during the 2nd quarter. Versant Capital Management Inc now owns 813 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 341 shares during the period. Royal Bank of Canada lifted its position in shares of 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 acquiring an additional 643 shares during the period. CANADA LIFE ASSURANCE Co bought a new stake in shares of Farmers & Merchants Bancorp during the 4th quarter valued at $34,000. BNP Paribas Financial Markets lifted its position in shares of Farmers & Merchants Bancorp by 36.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 509 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Farmers & Merchants Bancorp by 948.7% during the 2nd 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 in the last quarter. 23.96% of the stock is currently owned by institutional investors.

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.