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

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $35.11, for a total value of $105,330.00. Following the completion of the transaction, the director owned 51,550 shares of the company’s stock, valued at $1,809,920.50. This represents a 5.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Farmers & Merchants Bancorp Trading Down 0.6%

Farmers & Merchants Bancorp stock opened at $34.83 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.96. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $35.94. The stock has a market capitalization of $479.61 million, a PE ratio of 11.97 and a beta of 0.80. The business’s fifty day moving average is $31.42 and its 200 day moving average is $28.44.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its 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. The business had revenue of $34.35 million during the quarter, compared to analyst estimates of $33.05 million. Farmers & Merchants Bancorp had a return on equity of 10.72% and a net margin of 20.27%. On average, sell-side analysts predict that Farmers & Merchants Bancorp Inc. will post 3.05 EPS for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Friday, July 10th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, July 10th. Farmers & Merchants Bancorp’s payout ratio is presently 31.62%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Farmers & Merchants Bancorp during the first quarter valued at approximately $380,000. Franklin Resources Inc. bought a new position in Farmers & Merchants Bancorp in the second quarter worth approximately $210,000. Bridgeway Capital Management LLC boosted its stake in shares of Farmers & Merchants Bancorp by 2.1% during the 2nd 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 during the last quarter. BNP Paribas Financial Markets boosted 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 acquiring an additional 509 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted 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 acquiring an additional 4,013 shares during the last quarter. Institutional investors own 23.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Hovde Group lowered their price target on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock in a report on Friday, April 24th. Weiss Ratings upgraded Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $36.00 price objective (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

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.