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

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $27.81, for a total value of $83,430.00. Following the sale, the director owned 201,550 shares in the company, valued at approximately $5,605,105.50. The trade was a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Farmers & Merchants Bancorp Stock Up 0.8%

Farmers & Merchants Bancorp stock opened at $28.09 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 business’s 50-day simple moving average is $26.96 and its two-hundred day simple moving average is $26.29. The company has a market cap of $386.80 million, a PE ratio of 10.76 and a beta of 0.82. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $29.83.

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

Farmers & Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Friday, April 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, April 2nd. Farmers & Merchants Bancorp’s payout ratio is 35.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler reissued a “neutral” rating and issued a $28.50 price objective (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. Weiss Ratings cut Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Hovde Group decreased their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Farmers & Merchants Bancorp currently has an average rating of “Hold” and an average price target of $28.50.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

A number of large investors have recently bought and sold shares of FMAO. Jane Street Group LLC acquired a new position in Farmers & Merchants Bancorp in the 1st quarter worth about $380,000. Franklin Resources Inc. acquired a new position in Farmers & Merchants Bancorp in the 2nd quarter worth about $210,000. Bridgeway Capital Management LLC raised its holdings in Farmers & Merchants Bancorp by 2.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 401 shares during the period. BNP Paribas Financial Markets raised its holdings in Farmers & Merchants Bancorp by 36.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 509 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Farmers & Merchants Bancorp by 948.7% in 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 during the period. Institutional investors and hedge funds own 23.96% of the company’s stock.

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.