Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $90,450.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $30.15, for a total transaction of $90,450.00. Following the completion of the sale, the director directly owned 135,550 shares in the company, valued at approximately $4,086,832.50. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Farmers & Merchants Bancorp Price Performance

Shares of FMAO stock traded down $0.60 during trading hours on Wednesday, hitting $29.70. The company’s stock had a trading volume of 40,457 shares, compared to its average volume of 63,021. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $28.32 and a 200-day moving average of $26.94. Farmers & Merchants Bancorp Inc. has a twelve month low of $22.77 and a twelve month high of $32.00. The stock has a market cap of $408.84 million, a price-to-earnings ratio of 11.37 and a beta of 0.81.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%.The firm had revenue of $32.44 million for the quarter, compared to analyst estimates of $32.54 million. As a group, equities research analysts anticipate 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 paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 10th. Farmers & Merchants Bancorp’s dividend payout ratio is currently 35.25%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FMAO. Versant Capital Management Inc raised its stake 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 in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Farmers & Merchants Bancorp in the first quarter valued at about $1,319,000. Bank of America Corp DE increased its holdings in Farmers & Merchants Bancorp by 15.6% in the first quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock valued at $443,000 after buying an additional 2,326 shares during the last quarter. Rhino Investment Partners Inc acquired a new stake in Farmers & Merchants Bancorp during the first quarter valued at approximately $1,765,000. Finally, Quantinno Capital Management LP lifted its holdings in Farmers & Merchants Bancorp by 37.0% during the 1st quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider’s stock worth $977,000 after buying an additional 10,279 shares during the last quarter. 23.96% of the stock is owned by institutional investors and hedge funds.

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.