Farmers & Merchants Bancorp (NASDAQ:FMAO) EVP David Gerken Sells 825 Shares

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) EVP David Gerken sold 825 shares of Farmers & Merchants Bancorp stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $28.16, for a total transaction of $23,232.00. Following the sale, the executive vice president directly owned 7,509 shares in the company, valued at $211,453.44. This trade represents a 9.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Farmers & Merchants Bancorp Stock Performance

Farmers & Merchants Bancorp stock opened at $28.39 on Tuesday. Farmers & Merchants Bancorp Inc. has a 12-month low of $22.77 and a 12-month high of $29.83. The company has a market capitalization of $390.93 million, a price-to-earnings ratio of 10.88 and a beta of 0.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s fifty day moving average price is $27.31 and its 200 day moving average price is $26.49.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (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 firm had revenue of $32.44 million for the quarter, compared to the consensus estimate of $32.54 million. On average, research analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Farmers & Merchants Bancorp by 124.6% during the 4th quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock worth $28,000 after acquiring 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 about $34,000. BNP Paribas Financial Markets boosted its holdings 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 during the period. Tower Research Capital LLC TRC boosted its holdings 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 during the period. Finally, Globeflex Capital L P acquired a new position in shares of Farmers & Merchants Bancorp in the 1st quarter valued at about $152,000. 23.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FMAO has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. 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. Finally, Piper Sandler reissued 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.