Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Purchases $10,341.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Gregory Allen bought 300 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were bought at an average price of $34.47 per share, with a total value of $10,341.00. Following the purchase, the director owned 300 shares in the company, valued at $10,341. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Farmers & Merchants Bancorp Stock Performance

FMAO traded up $0.23 on Monday, reaching $33.59. The company had a trading volume of 68,165 shares, compared to its average volume of 65,000. The stock has a market cap of $462.53 million, a P/E ratio of 11.54 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 0.96. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $35.94. The company’s fifty day moving average is $29.77 and its 200 day moving average is $27.67.

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 predict that Farmers & Merchants Bancorp Inc. will post 2.94 earnings per share for the current fiscal 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

A number of equities research analysts have recently weighed in on FMAO shares. 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 report on Wednesday, July 29th. Weiss Ratings upgraded shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note 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. Wall Street Zen upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Hovde Group cut their price objective on shares of 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 Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.25.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FMAO. Jane Street Group LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the 1st quarter worth $380,000. Franklin Resources Inc. acquired a new position in Farmers & Merchants Bancorp in the second quarter valued at about $210,000. Bridgeway Capital Management LLC lifted its position in Farmers & Merchants Bancorp by 2.1% during the second 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 lifted its position in Farmers & Merchants Bancorp by 36.0% during the second 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 grew its stake in Farmers & Merchants Bancorp by 948.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock worth $112,000 after buying an additional 4,013 shares in the last quarter. 23.96% of the stock is owned by institutional investors and hedge funds.

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.