Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Gregory Allen Acquires 300 Shares of Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Gregory Allen bought 300 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $34.47 per share, for a total transaction of $10,341.00. Following the completion of the transaction, the director owned 300 shares in the company, valued at $10,341. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Farmers & Merchants Bancorp Stock Up 0.7%

Shares of NASDAQ:FMAO opened at $33.59 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $29.89 and a 200 day simple moving average of $27.74. The firm has a market cap of $462.53 million, a PE ratio of 11.54 and a beta of 0.80. Farmers & Merchants Bancorp Inc. has a 12-month low of $22.77 and a 12-month high of $35.94.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.19. The firm had revenue of $34.35 million for the quarter, compared to the consensus estimate of $33.05 million. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.72%. On average, equities research analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.94 EPS for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Friday, July 10th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 31.62%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Farmers & Merchants Bancorp by 0.7% in the third quarter. Vanguard Group Inc. now owns 682,608 shares of the financial services provider’s stock worth $17,072,000 after purchasing an additional 4,979 shares in the last quarter. Geode Capital Management LLC lifted its position in Farmers & Merchants Bancorp by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 301,252 shares of the financial services provider’s stock worth $7,448,000 after buying an additional 2,402 shares in the last quarter. Align Financial LLC purchased a new stake in Farmers & Merchants Bancorp in the 4th quarter worth approximately $6,844,000. Dimensional Fund Advisors LP boosted its stake in shares of Farmers & Merchants Bancorp by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 226,917 shares of the financial services provider’s stock valued at $5,825,000 after buying an additional 12,356 shares during the period. Finally, Rhino Investment Partners Inc acquired a new stake in shares of Farmers & Merchants Bancorp during the 1st quarter valued at $1,765,000. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Wall Street Analyst Weigh In

FMAO has been the subject of a number of research reports. Hovde Group decreased their price objective on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a report on Friday, April 24th. Wall Street Zen raised Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Piper Sandler reiterated 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. Finally, Weiss Ratings raised shares of Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.