David Gerken Sells 825 Shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) EVP David Gerken sold 825 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $28.16, for a total transaction of $23,232.00. Following the completion of the transaction, the executive vice president owned 7,509 shares in the company, valued at approximately $211,453.44. The trade was a 9.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Farmers & Merchants Bancorp Stock Up 1.7%

FMAO opened at $28.87 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58. The stock has a market cap of $397.48 million, a price-to-earnings ratio of 11.06 and a beta of 0.82. Farmers & Merchants Bancorp Inc. has a twelve month low of $22.77 and a twelve month high of $29.83. The company’s 50-day moving average price is $27.37 and its two-hundred day moving average price is $26.51.

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

Farmers & Merchants Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have 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 on the stock in a research note on Friday, April 24th. Piper Sandler reiterated a “neutral” rating and issued a $28.50 target price (up from $28.00) on shares of Farmers & Merchants Bancorp in a research note on Monday, April 27th. Finally, Weiss Ratings cut shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.50.

Institutional Trading of Farmers & Merchants Bancorp

A number of institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC purchased a new stake in shares of Farmers & Merchants Bancorp during the 1st quarter valued at approximately $1,319,000. Bank of America Corp DE lifted its stake in 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 purchasing an additional 2,326 shares in the last quarter. Rhino Investment Partners Inc bought a new position in Farmers & Merchants Bancorp in the 1st quarter valued at $1,765,000. Quantinno Capital Management LP boosted its holdings in 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 valued at $977,000 after purchasing an additional 10,279 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 1st quarter valued at $204,000. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

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.