Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Andrew Briggs Sells 3,000 Shares of Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $29.52, for a total value of $88,560.00. Following the completion of the transaction, the director directly owned 129,550 shares of the company’s stock, valued at approximately $3,824,316. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Farmers & Merchants Bancorp Stock Performance

Farmers & Merchants Bancorp stock traded down $0.12 on Friday, hitting $29.82. The company’s stock had a trading volume of 87,035 shares, compared to its average volume of 110,302. The firm has a market cap of $410.62 million, a P/E ratio of 11.43 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. The company has a fifty day moving average price of $28.47 and a 200-day moving average price of $26.99. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $32.00.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted 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. The firm had revenue of $32.44 million during the quarter, compared to analyst estimates of $32.54 million. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. On average, equities analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Friday, July 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, July 10th. Farmers & Merchants Bancorp’s dividend payout ratio is currently 35.25%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Goelzer Investment Management Inc. increased its holdings in Farmers & Merchants Bancorp by 1,659.8% during the 4th quarter. Goelzer Investment Management Inc. now owns 485,064 shares of the financial services provider’s stock valued at $11,991,000 after purchasing an additional 457,500 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of Farmers & Merchants Bancorp during the third quarter worth $223,000. Bank of America Corp DE increased its stake in shares of Farmers & Merchants Bancorp by 15.6% in the first quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock valued at $443,000 after buying an additional 2,326 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Farmers & Merchants Bancorp by 37.0% in the first quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider’s stock valued at $977,000 after buying an additional 10,279 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of 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 buying an additional 341 shares during the last quarter. Institutional investors own 23.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Piper Sandler reiterated a “neutral” rating and set a $32.00 price objective (up from $28.50) on shares of Farmers & Merchants Bancorp in a research note on Thursday, June 25th. Finally, Hovde Group cut their price objective on 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. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.25.

About Farmers & Merchants Bancorp

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.