Farmers & Merchants Bancorp (NASDAQ:FMAO) Insider Sells $28,883.68 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) insider Eric Faust sold 1,148 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $25.16, for a total transaction of $28,883.68. Following the completion of the sale, the insider owned 5,538 shares in the company, valued at approximately $139,336.08. The trade was a 17.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Farmers & Merchants Bancorp Price Performance

FMAO stock traded up $0.18 during trading on Wednesday, reaching $25.10. 32,480 shares of the company were exchanged, compared to its average volume of 40,712. The company has a market capitalization of $365.46 million, a price-to-earnings ratio of 10.30 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day moving average of $26.42 and a two-hundred day moving average of $25.56. Farmers & Merchants Bancorp Inc. has a twelve month low of $20.88 and a twelve month high of $29.83.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its earnings results on Thursday, February 12th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $32.45 million for the quarter, compared to analyst estimates of $27.30 million. Farmers & Merchants Bancorp had a net margin of 17.47% and a return on equity of 9.33%. As a group, equities analysts predict that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, April 3rd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.7%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 38.02%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Large investors have recently modified their holdings of the business. Goelzer Investment Management Inc. increased its stake 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 during the period. Align Financial LLC acquired a new stake in Farmers & Merchants Bancorp during the 4th quarter valued at approximately $6,844,000. Jane Street Group LLC increased its position in Farmers & Merchants Bancorp by 186.8% during the 4th quarter. Jane Street Group LLC now owns 15,762 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 33,916 shares during the period. Russell Investments Group Ltd. bought a new position in Farmers & Merchants Bancorp during the 3rd quarter worth approximately $616,000. Finally, TrueMark Investments LLC acquired a new position in shares of Farmers & Merchants Bancorp in the 3rd quarter worth approximately $559,000. Institutional investors own 23.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research cut Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.