Farmers & Merchants Bancorp (NASDAQ:FMAO) Price Target Cut to $28.00 by Analysts at Piper Sandler

Farmers & Merchants Bancorp (NASDAQ:FMAO) had its target price cut by equities research analysts at Piper Sandler from $31.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective points to a potential upside of 10.41% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Zacks Research downgraded shares of Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Weiss Ratings restated a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.00.

Farmers & Merchants Bancorp Stock Performance

NASDAQ FMAO traded down $0.59 during trading on Thursday, hitting $25.36. The company’s stock had a trading volume of 2,062 shares, compared to its average volume of 35,207. Farmers & Merchants Bancorp has a 52 week low of $20.88 and a 52 week high of $29.83. The firm has a market cap of $369.24 million, a P/E ratio of 10.48 and a beta of 0.81. The firm has a 50 day moving average price of $26.40 and a 200 day moving average price of $25.54. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $32.45 million during the quarter, compared to analysts’ expectations of $27.30 million. Farmers & Merchants Bancorp had a return on equity of 9.33% and a net margin of 17.47%. Equities research analysts forecast that Farmers & Merchants Bancorp will post 1.82 earnings per share for the current fiscal year.

Insider Activity at Farmers & Merchants Bancorp

In related news, insider Eric D. Faust sold 1,148 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $25.16, for a total value of $28,883.68. Following the completion of the transaction, the insider directly owned 5,538 shares in the company, valued at approximately $139,336.08. This represents a 17.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of 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 buying an additional 643 shares in the last quarter. CANADA LIFE ASSURANCE Co bought a new position in shares of Farmers & Merchants Bancorp during the 4th quarter worth about $34,000. BNP Paribas Financial Markets boosted its position in shares of Farmers & Merchants Bancorp by 36.0% during 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 in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Farmers & Merchants Bancorp by 126.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,185 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Farmers & Merchants Bancorp by 948.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 4,013 shares during the period. Institutional investors 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.