Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $91,740.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $30.58, for a total value of $91,740.00. Following the transaction, the director directly owned 147,550 shares in the company, valued at $4,512,079. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Farmers & Merchants Bancorp Stock Performance

Shares of Farmers & Merchants Bancorp stock opened at $30.67 on Friday. 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 business has a fifty day simple moving average of $28.16 and a two-hundred day simple moving average of $26.90. Farmers & Merchants Bancorp Inc. has a 1 year low of $22.77 and a 1 year high of $32.00. The company has a market capitalization of $422.33 million, a price-to-earnings ratio of 11.75 and a beta of 0.81.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $32.44 million for the quarter, compared to the consensus estimate of $32.54 million. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. Research analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Friday, July 10th will be paid a $0.23 dividend. The ex-dividend date 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%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Goelzer Investment Management Inc. raised its position in shares of Farmers & Merchants Bancorp by 1,659.8% in the fourth quarter. Goelzer Investment Management Inc. now owns 485,064 shares of the financial services provider’s stock valued at $11,991,000 after buying an additional 457,500 shares in the last quarter. CANADA LIFE ASSURANCE Co bought a new stake in shares of Farmers & Merchants Bancorp in the fourth quarter valued at approximately $34,000. Royal Bank of Canada grew its position in 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 worth $28,000 after buying an additional 643 shares in the last quarter. Bank of America Corp DE grew its position in Farmers & Merchants Bancorp by 15.6% during the first quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock worth $443,000 after buying an additional 2,326 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in Farmers & Merchants Bancorp by 37.0% during the 1st quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider’s stock worth $977,000 after acquiring an additional 10,279 shares during the period. Institutional investors and hedge funds own 23.96% of the company’s stock.

Analyst Upgrades and Downgrades

FMAO has been the topic of several research analyst reports. 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 report on Friday, April 24th. Piper Sandler reaffirmed a “neutral” rating and issued 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 upgraded Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.25.

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.