Insider Selling: Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $88,860.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $29.62, for a total value of $88,860.00. Following the transaction, the director owned 159,550 shares of the company’s stock, valued at approximately $4,725,871. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Farmers & Merchants Bancorp Stock Up 1.5%

NASDAQ FMAO traded up $0.46 during trading on Friday, hitting $30.39. The stock had a trading volume of 475,630 shares, compared to its average volume of 61,678. The company has a market capitalization of $418.40 million, a PE ratio of 11.64 and a beta of 0.82. The company’s 50-day moving average price is $27.71 and its two-hundred day moving average price is $26.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.98 and a current ratio of 0.98. Farmers & Merchants Bancorp Inc. has a 12 month low of $22.77 and a 12 month high of $30.90.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $32.44 million during the quarter, compared to the consensus estimate of $32.54 million. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%. As a group, sell-side analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter valued at approximately $380,000. Franklin Resources Inc. acquired a new position in Farmers & Merchants Bancorp during the second quarter worth $210,000. Bridgeway Capital Management LLC raised its position in Farmers & Merchants Bancorp by 2.1% during the second quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 401 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in 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 last quarter. Finally, Tower Research Capital LLC TRC lifted 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 last quarter. Institutional investors own 23.96% of the company’s stock.

Analyst Upgrades and Downgrades

FMAO has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Piper Sandler restated a “neutral” rating and set a $32.00 price objective (up from $28.50) on shares of Farmers & Merchants Bancorp in a research note on Thursday. Finally, Hovde Group decreased their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.25.

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.