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 Farmers & Merchants Bancorp stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $31.59, for a total transaction of $94,770.00. Following the sale, the director directly owned 93,550 shares in the company, valued at approximately $2,955,244.50. This trade represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Farmers & Merchants Bancorp Price Performance

Shares of NASDAQ FMAO opened at $35.07 on Thursday. The firm has a 50-day simple moving average of $29.54 and a 200-day simple moving average of $27.56. The stock has a market capitalization of $482.91 million, a price-to-earnings ratio of 12.05 and a beta of 0.81. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58. Farmers & Merchants Bancorp Inc. has a 52 week low of $22.77 and a 52 week high of $35.94.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.19. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.83%. The firm had revenue of $34.35 million for the quarter, compared to analyst estimates of $33.05 million. On average, equities analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Friday, July 10th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, July 10th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 35.25%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

A number of institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in Farmers & Merchants Bancorp by 72.2% in the 2nd quarter. Versant Capital Management Inc now owns 813 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 341 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the 1st quarter worth approximately $1,319,000. Bank of America Corp DE raised its position in shares of Farmers & Merchants Bancorp by 15.6% during the 1st quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock valued at $443,000 after buying an additional 2,326 shares during the period. Rhino Investment Partners Inc purchased a new stake in shares of Farmers & Merchants Bancorp during the 1st quarter valued at approximately $1,765,000. Finally, Quantinno Capital Management LP lifted its holdings in Farmers & Merchants Bancorp by 37.0% in the first quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider’s stock valued at $977,000 after acquiring an additional 10,279 shares during the last quarter. 23.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Piper Sandler reiterated a “neutral” rating and set a $36.00 price objective (up from $32.00) on shares of Farmers & Merchants Bancorp in a research report on Wednesday. Finally, Hovde Group lowered their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” 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.