Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $102,240.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $34.08, for a total transaction of $102,240.00. Following the sale, the director directly owned 69,550 shares in the company, valued at approximately $2,370,264. This represents a 4.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Farmers & Merchants Bancorp Stock Performance

NASDAQ FMAO opened at $34.92 on Monday. The business has a 50 day moving average price of $30.42 and a 200 day moving average price of $27.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $480.85 million, a P/E ratio of 12.00 and a beta of 0.80. Farmers & Merchants Bancorp Inc. has a 1-year low of $22.77 and a 1-year high of $35.94.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.19. The business had revenue of $34.35 million during the quarter, compared to analysts’ expectations of $33.05 million. Farmers & Merchants Bancorp had a return on equity of 10.72% and a net margin of 20.27%. Sell-side analysts expect that Farmers & Merchants Bancorp Inc. will post 3.05 EPS for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Friday, July 10th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, July 10th. Farmers & Merchants Bancorp’s dividend payout ratio is 31.62%.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

A number of hedge funds have recently bought and sold shares of FMAO. Versant Capital Management Inc raised 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 purchasing an additional 341 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Farmers & Merchants Bancorp by 124.6% in the fourth quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock worth $28,000 after buying an additional 643 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new stake in shares of Farmers & Merchants Bancorp in the fourth quarter worth $34,000. BNP Paribas Financial Markets raised 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 acquiring an additional 509 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in 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 valued at $112,000 after acquiring an additional 4,013 shares during the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.

Wall Street Analysts Forecast Growth

FMAO has been the subject of several recent analyst reports. Wall Street Zen raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. 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 report on Friday, April 24th. Zacks Research upgraded Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded 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 $36.00 target price (up from $32.00) on shares of Farmers & Merchants Bancorp in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.25.

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.