Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $91,410.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $30.47, for a total value of $91,410.00. Following the transaction, the director directly owned 111,550 shares of the company’s stock, valued at approximately $3,398,928.50. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Farmers & Merchants Bancorp Stock Up 8.8%

Shares of NASDAQ FMAO traded up $2.75 during midday trading on Tuesday, reaching $33.95. The company’s stock had a trading volume of 71,379 shares, compared to its average volume of 63,752. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.58. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $34.44. The stock has a market capitalization of $467.51 million, a price-to-earnings ratio of 12.99 and a beta of 0.81. The stock has a 50 day simple moving average of $29.25 and a 200-day simple moving average of $27.41.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its earnings results on Monday, July 27th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.67 by $0.19. The business had revenue of $34.35 million during the quarter, compared to analysts’ expectations of $33.05 million. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. Equities research analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current year.

Farmers & Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, July 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. Farmers & Merchants Bancorp’s payout ratio is currently 35.25%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of 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 period. Royal Bank of Canada increased its position in Farmers & Merchants Bancorp by 124.6% during the fourth quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock worth $28,000 after buying an additional 643 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in Farmers & Merchants Bancorp during the fourth quarter worth approximately $34,000. BNP Paribas Financial Markets raised 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 buying an additional 509 shares during the period. Finally, Tower Research Capital LLC TRC raised 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 buying an additional 4,013 shares during the period. 23.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FMAO. Hovde Group reduced 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 report on Friday, April 24th. Piper Sandler reaffirmed a “neutral” rating and set a $32.00 price target (up from $28.50) on shares of Farmers & Merchants Bancorp in a research report on Thursday, June 25th. Finally, Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.