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

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

Farmers & Merchants Bancorp Stock Performance

Shares of FMAO opened at $30.39 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.98 and a quick ratio of 0.98. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $30.90. The company has a 50-day simple moving average of $27.78 and a two-hundred day simple moving average of $26.75. The firm has a market capitalization of $418.46 million, a PE ratio of 11.64 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its 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 for 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%. On average, analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Goelzer Investment Management Inc. raised its position in shares of Farmers & Merchants Bancorp by 1,659.8% in the 4th quarter. Goelzer Investment Management Inc. now owns 485,064 shares of the financial services provider’s stock worth $11,991,000 after purchasing an additional 457,500 shares during the last quarter. Align Financial LLC bought a new stake in Farmers & Merchants Bancorp during the 4th quarter valued at about $6,844,000. Rhino Investment Partners Inc purchased a new position in Farmers & Merchants Bancorp in the first quarter worth about $1,765,000. Segall Bryant & Hamill LLC purchased a new position in Farmers & Merchants Bancorp in the first quarter worth about $1,319,000. Finally, Jane Street Group LLC lifted its stake in shares of Farmers & Merchants Bancorp by 186.8% in the fourth quarter. Jane Street Group LLC now owns 15,762 shares of the financial services provider’s stock worth $390,000 after buying an additional 33,916 shares in the last quarter. 23.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler reissued a “neutral” rating and set a $32.00 price objective (up from $28.50) on shares of Farmers & Merchants Bancorp in a research report on Thursday. 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. Finally, Hovde Group lowered their price target on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently 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.