Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $90,270.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $30.09, for a total transaction of $90,270.00. Following the completion of the sale, the director directly owned 153,550 shares in the company, valued at approximately $4,620,319.50. This represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Farmers & Merchants Bancorp Stock Performance

NASDAQ FMAO opened at $30.67 on Friday. The company has a market capitalization of $422.33 million, a price-to-earnings ratio of 11.75 and a beta of 0.81. 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 Inc. has a twelve month low of $22.77 and a twelve month high of $32.00. The stock has a fifty day simple moving average of $28.16 and a 200 day simple moving average of $26.90.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its 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 return on equity of 9.85% and a net margin of 18.54%.The firm had revenue of $32.44 million for the quarter, compared to the consensus estimate of $32.54 million. Sell-side analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Friday, July 10th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Farmers & Merchants Bancorp’s dividend payout ratio is 35.25%.

Analysts Set New Price Targets

FMAO has been the subject of several research analyst reports. Hovde Group lowered their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a research report on Friday, April 24th. Piper Sandler restated a “neutral” rating and set a $32.00 target price (up from $28.50) on shares of Farmers & Merchants Bancorp in a research report on Thursday, June 25th. Finally, Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Farmers & Merchants Bancorp has a consensus rating of “Hold” and a consensus target price of $30.25.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

A number of large investors have recently bought and sold shares of FMAO. Versant Capital Management Inc increased its stake in Farmers & Merchants Bancorp by 72.2% in the second quarter. Versant Capital Management Inc now owns 813 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 341 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Farmers & Merchants Bancorp by 124.6% during the fourth quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 643 shares during the period. CANADA LIFE ASSURANCE Co bought a new position in shares of Farmers & Merchants Bancorp during the 4th quarter worth about $34,000. BNP Paribas Financial Markets boosted its position in shares of Farmers & Merchants Bancorp by 36.0% during 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Farmers & Merchants Bancorp by 948.7% during 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 in the last quarter. 23.96% of the stock is currently 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.