Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $101,070.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $33.69, for a total value of $101,070.00. Following the completion of the transaction, the director owned 81,550 shares in the company, valued at $2,747,419.50. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Farmers & Merchants Bancorp Stock Performance

Shares of Farmers & Merchants Bancorp stock opened at $34.92 on Friday. The company has a market capitalization of $480.85 million, a PE ratio of 12.00 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50-day simple moving average of $30.42 and a two-hundred day simple moving average of $27.98. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $35.94.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating 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 10.72%. The business had revenue of $34.35 million for the quarter, compared to analysts’ expectations of $33.05 million. Research analysts expect that Farmers & Merchants Bancorp Inc. will post 3.05 EPS for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The company 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 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, July 10th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 31.62%.

Institutional Trading of Farmers & Merchants Bancorp

Several large investors have recently bought and sold shares of FMAO. Jane Street Group LLC acquired a new position in Farmers & Merchants Bancorp during the 1st quarter valued at approximately $380,000. Franklin Resources Inc. acquired a new stake in shares of Farmers & Merchants Bancorp during the second quarter worth $210,000. Bridgeway Capital Management LLC grew its holdings in shares of 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 valued at $487,000 after buying an additional 401 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Farmers & Merchants Bancorp by 36.0% during the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after buying an additional 509 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Farmers & Merchants Bancorp by 948.7% in the 2nd 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. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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