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 stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $28.70, for a total transaction of $86,100.00. Following the transaction, the director owned 192,550 shares in the company, valued at approximately $5,526,185. This trade represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Farmers & Merchants Bancorp Stock Performance

Shares of FMAO opened at $28.53 on Thursday. The company’s fifty day moving average is $27.14 and its 200-day moving average is $26.41. Farmers & Merchants Bancorp Inc. has a 12 month low of $22.77 and a 12 month high of $29.83. The firm has a market cap of $392.80 million, a price-to-earnings ratio of 10.93 and a beta of 0.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate 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 company had revenue of $32.44 million for the quarter, compared to analyst estimates of $32.54 million. Equities analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

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

Institutional Trading of Farmers & Merchants Bancorp

A number of hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC acquired a new position in shares of Farmers & Merchants Bancorp in the 3rd quarter valued at $921,000. Royal Bank of Canada raised its stake in shares of Farmers & Merchants Bancorp by 124.6% in the 4th quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock valued at $28,000 after buying an additional 643 shares in the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in shares of Farmers & Merchants Bancorp in the 4th quarter valued at $34,000. BNP Paribas Financial Markets raised its stake in shares of 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 valued at $49,000 after buying an additional 509 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $112,000 after buying an additional 4,013 shares in the last quarter. 23.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FMAO. Piper Sandler reaffirmed a “neutral” rating and set a $28.50 price objective (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. Weiss Ratings downgraded shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Finally, Hovde Group decreased 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 research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Farmers & Merchants Bancorp presently has an average rating of “Hold” and a consensus price target of $28.50.

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.