Insider Selling: Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $83,430.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $27.81, for a total transaction of $83,430.00. Following the transaction, the director owned 201,550 shares of the company’s stock, valued at approximately $5,605,105.50. The trade was a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Farmers & Merchants Bancorp Price Performance

Farmers & Merchants Bancorp stock opened at $28.09 on Monday. The firm has a market cap of $386.74 million, a price-to-earnings ratio of 10.76 and a beta of 0.82. Farmers & Merchants Bancorp Inc. has a 52-week low of $22.77 and a 52-week high of $29.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $26.96 and a two-hundred day moving average price of $26.30.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings data 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. The company had revenue of $32.44 million during 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%. Equities analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Friday, April 3rd were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 35.25%.

Institutional Trading of Farmers & Merchants Bancorp

Hedge funds have recently bought and sold shares of the business. Goelzer Investment Management Inc. grew its position in Farmers & Merchants Bancorp by 1,659.8% in 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 during the period. Focus Partners Advisor Solutions LLC acquired a new stake in Farmers & Merchants Bancorp in the 3rd quarter valued at $223,000. Bank of America Corp DE lifted its stake in Farmers & Merchants Bancorp by 15.6% during the 1st quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 2,326 shares in the last quarter. Rhino Investment Partners Inc bought a new position in Farmers & Merchants Bancorp during the 1st quarter valued at $1,765,000. Finally, Quantinno Capital Management LP lifted 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 valued at $977,000 after acquiring an additional 10,279 shares in the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FMAO. Piper Sandler reissued a “neutral” rating and issued a $28.50 price target (up from $28.00) on shares of Farmers & Merchants Bancorp in a research report on Monday, April 27th. Hovde Group reduced their price target on shares of 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. Finally, Weiss Ratings downgraded shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Farmers & Merchants Bancorp has an average rating of “Hold” and an average target price of $28.50.

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.