Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $84,190.10 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 2,402 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $35.05, for a total transaction of $84,190.10. Following the sale, the director directly owned 49,148 shares in the company, valued at $1,722,637.40. This trade represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Farmers & Merchants Bancorp Price Performance

Shares of NASDAQ FMAO opened at $33.74 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average of $31.62 and a 200-day moving average of $28.54. The stock has a market capitalization of $464.60 million, a price-to-earnings ratio of 11.59 and a beta of 0.80. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $35.94.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.19. The firm had revenue of $34.35 million during the quarter, compared to analysts’ expectations of $33.05 million. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.72%. As a group, sell-side analysts predict that Farmers & Merchants Bancorp Inc. will post 3.05 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, July 10th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a yield of 2.7%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 31.62%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Rhino Investment Partners Inc acquired a new stake in Farmers & Merchants Bancorp in the first quarter valued at approximately $1,765,000. Segall Bryant & Hamill LLC acquired a new position in shares of Farmers & Merchants Bancorp during the first quarter worth $1,319,000. Globeflex Capital L P bought a new position in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at $181,000. Ieq Capital LLC bought a new position in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at $249,000. Finally, BlackRock Inc. bought a new position in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at $33,241,000. Institutional investors and hedge funds own 23.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FMAO shares. Zacks Research raised Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a 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, August 1st. Hovde Group lowered 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 report on Friday, April 24th. 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. Finally, Piper Sandler reissued a “neutral” rating and issued a $36.00 price objective (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.25.

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.