Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Andrew Briggs Sells 6,000 Shares of Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 6,000 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $28.72, for a total transaction of $172,320.00. Following the completion of the transaction, the director directly owned 168,550 shares in the company, valued at $4,840,756. This trade represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Farmers & Merchants Bancorp Stock Up 1.0%

NASDAQ FMAO opened at $29.53 on Thursday. The business has a fifty day moving average price of $27.64 and a two-hundred day moving average price of $26.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.98 and a quick ratio of 0.98. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $29.83. The stock has a market capitalization of $406.63 million, a PE ratio of 11.31 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%.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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FMAO has been the topic of a number of recent analyst reports. 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 report on Monday, April 27th. Weiss Ratings raised shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Finally, Hovde Group reduced their price target 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Goelzer Investment Management Inc. increased its holdings in Farmers & Merchants Bancorp by 1,659.8% in the 4th quarter. Goelzer Investment Management Inc. now owns 485,064 shares of the financial services provider’s stock worth $11,991,000 after purchasing an additional 457,500 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Farmers & Merchants Bancorp by 5.8% during the fourth quarter. Invesco Ltd. now owns 14,887 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 817 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Farmers & Merchants Bancorp by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 12,702 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 2,172 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Farmers & Merchants Bancorp by 10.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,879 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 911 shares during the last quarter. Finally, First Manhattan CO. LLC. bought a new stake in shares of Farmers & Merchants Bancorp during the fourth quarter worth about $240,000. 23.96% of the stock is currently owned by institutional investors.

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.