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 business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $33.69, for a total value of $101,070.00. Following the completion of the sale, the director directly owned 81,550 shares of the company’s stock, valued at approximately $2,747,419.50. The trade was a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Farmers & Merchants Bancorp Stock Performance

Shares of FMAO opened at $34.16 on Thursday. The firm has a market cap of $470.38 million, a price-to-earnings ratio of 11.74 and a beta of 0.80. The company’s fifty day moving average is $30.15 and its 200-day moving average is $27.86. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Farmers & Merchants Bancorp Inc. has a 12 month low of $22.77 and a 12 month high of $35.94.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.19. The business had revenue of $34.35 million during the quarter, compared to analyst estimates of $33.05 million. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.72%. Equities analysts expect that Farmers & Merchants Bancorp Inc. will post 3.05 EPS for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Friday, July 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. Farmers & Merchants Bancorp’s payout ratio is currently 31.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Piper Sandler restated a “neutral” rating and issued a $36.00 target price (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday, July 29th. Zacks Research upgraded Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Hovde Group decreased their target price on 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, Wall Street Zen upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Farmers & Merchants Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $32.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in Farmers & Merchants Bancorp by 72.2% during the second quarter. Versant Capital Management Inc now owns 813 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 341 shares during the period. Ancora Advisors LLC bought a new position in shares of Farmers & Merchants Bancorp in the third quarter worth about $921,000. Royal Bank of Canada lifted its position in shares of 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 purchasing an additional 643 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in shares of Farmers & Merchants Bancorp during the 4th quarter worth about $34,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Farmers & Merchants Bancorp by 36.0% in the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 509 shares during the period. Institutional investors and hedge funds own 23.96% of the company’s stock.

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.