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 that occurred on Monday, June 29th. The shares were sold at an average price of $30.09, for a total value of $90,270.00. Following the completion of the sale, the director owned 153,550 shares of the company’s stock, valued at $4,620,319.50. The trade was a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Farmers & Merchants Bancorp Trading Up 2.3%

Shares of Farmers & Merchants Bancorp stock traded up $0.71 on Wednesday, hitting $31.30. The stock had a trading volume of 60,439 shares, compared to its average volume of 62,336. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58. Farmers & Merchants Bancorp Inc. has a one year low of $22.77 and a one year high of $31.44. The stock’s 50-day simple moving average is $27.92 and its two-hundred day simple moving average is $26.82. The stock has a market cap of $430.93 million, a price-to-earnings ratio of 12.01 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $32.44 million during the quarter, compared to analyst estimates of $32.54 million. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. As a group, sell-side analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current year.

Farmers & Merchants Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Friday, July 10th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. Farmers & Merchants Bancorp’s dividend payout ratio is presently 35.25%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Piper Sandler reiterated a “neutral” rating and issued a $32.00 price target (up from $28.50) on shares of Farmers & Merchants Bancorp in a report on Thursday, June 25th. Finally, Hovde Group reduced their price objective on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Farmers & Merchants Bancorp has a consensus rating of “Hold” and a consensus target price of $30.25.

Institutional Trading of Farmers & Merchants Bancorp

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 1st quarter worth approximately $380,000. Franklin Resources Inc. bought a new stake in shares of Farmers & Merchants Bancorp during the second quarter valued at approximately $210,000. Bridgeway Capital Management LLC grew its stake in Farmers & Merchants Bancorp by 2.1% in the second quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 401 shares during the period. BNP Paribas Financial Markets grew 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 worth $49,000 after purchasing an additional 509 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Farmers & Merchants Bancorp by 948.7% during 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 owned by institutional investors.

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.