Insider Selling: Farmers & Merchants Bancorp (NASDAQ:FMAO) EVP Sells $33,720.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) EVP David Gerken sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $33.72, for a total value of $33,720.00. Following the transaction, the executive vice president owned 6,509 shares in the company, valued at $219,483.48. This represents a 13.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Farmers & Merchants Bancorp Stock Up 1.9%

Shares of FMAO opened at $34.92 on Friday. The firm has a market cap of $480.85 million, a P/E ratio of 12.00 and a beta of 0.80. Farmers & Merchants Bancorp Inc. has a 12 month low of $22.77 and a 12 month high of $35.94. The stock’s 50 day moving average is $30.42 and its two-hundred day moving average is $27.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44.

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

Farmers & Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Friday, July 10th were given a dividend of $0.23 per share. The ex-dividend date was Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. Farmers & Merchants Bancorp’s dividend payout ratio is currently 31.62%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its position 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 worth $25,000 after acquiring an additional 341 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in Farmers & Merchants Bancorp by 2.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 401 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 509 shares during the last quarter. Royal Bank of Canada raised its holdings in Farmers & Merchants Bancorp by 124.6% in the 4th quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 643 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Farmers & Merchants Bancorp by 2.9% in the 3rd quarter. Millennium Management LLC now owns 25,483 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 722 shares in the last quarter. 23.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Wall Street Zen upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $36.00 price target (up from $32.00) on shares of Farmers & Merchants Bancorp in a research note 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. 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 research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Farmers & Merchants Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

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.