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

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $28.39, for a total transaction of $85,170.00. Following the transaction, the director owned 186,550 shares of the company’s stock, valued at approximately $5,296,154.50. This represents a 1.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Farmers & Merchants Bancorp Price Performance

Shares of NASDAQ:FMAO opened at $28.80 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day moving average price of $27.26 and a 200 day moving average price of $26.45. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $29.83. The firm has a market cap of $396.58 million, a price-to-earnings ratio of 11.03 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $32.54 million. As a group, sell-side analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Friday, April 3rd were given a dividend of $0.23 per share. The ex-dividend date was Thursday, April 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. Farmers & Merchants Bancorp’s dividend payout ratio is currently 35.25%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FMAO shares. Hovde Group dropped 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. Weiss Ratings downgraded shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $28.50 price target (up from $28.00) on shares of Farmers & Merchants Bancorp in a research note on Monday, April 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Farmers & Merchants Bancorp has a consensus rating of “Hold” and an average target price of $28.50.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Several institutional investors have recently made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter worth about $1,319,000. Bank of America Corp DE lifted its holdings in shares of Farmers & Merchants Bancorp by 15.6% in the 1st quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock worth $443,000 after acquiring an additional 2,326 shares during the last quarter. Rhino Investment Partners Inc bought a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter worth about $1,765,000. Quantinno Capital Management LP lifted its holdings in shares of Farmers & Merchants Bancorp by 37.0% in the 1st quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider’s stock worth $977,000 after acquiring an additional 10,279 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter worth about $204,000. Institutional investors 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.