Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Andrew Briggs Sells 3,000 Shares

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $28.66, for a total value of $85,980.00. Following the transaction, the director owned 165,550 shares in the company, valued at $4,744,663. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Farmers & Merchants Bancorp Trading Up 1.0%

Shares of NASDAQ FMAO opened at $29.53 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $27.64 and a two-hundred day simple moving average of $26.68. The firm has a market cap of $406.63 million, a PE ratio of 11.31 and a beta of 0.82. Farmers & Merchants Bancorp Inc. has a twelve month low of $22.77 and a twelve month high of $29.83.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%.The business had revenue of $32.44 million during the quarter, compared to analysts’ expectations of $32.54 million. Analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Institutional Trading of Farmers & Merchants Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings 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 acquiring an additional 643 shares during the period. CANADA LIFE ASSURANCE Co bought a new position in shares of Farmers & Merchants Bancorp in the 4th quarter worth $34,000. BNP Paribas Financial Markets lifted its stake 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 worth $49,000 after purchasing an additional 509 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Farmers & Merchants Bancorp by 948.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 4,013 shares during the last quarter. Finally, Globeflex Capital L P purchased a new stake in shares of Farmers & Merchants Bancorp during the 1st quarter worth $152,000. Institutional investors own 23.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FMAO. Weiss Ratings raised shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Hovde Group cut their target price on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Finally, Piper Sandler restated a “neutral” rating and issued a $28.50 price target (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.50.

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.