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

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $28.66, for a total transaction of $85,980.00. Following the completion of the sale, the director owned 165,550 shares in the company, valued at approximately $4,744,663. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Farmers & Merchants Bancorp Trading Up 1.0%

Shares of NASDAQ:FMAO traded up $0.30 during trading on Wednesday, reaching $29.53. The company’s stock had a trading volume of 133,196 shares, compared to its average volume of 57,720. 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 12 month low of $22.77 and a 12 month high of $29.83. The firm’s 50 day simple moving average is $27.59 and its two-hundred day simple moving average is $26.65. The stock has a market capitalization of $406.63 million, a PE ratio of 11.31 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $32.44 million for the quarter, compared to analysts’ expectations of $32.54 million. On average, research analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. Goelzer Investment Management Inc. boosted its holdings in Farmers & Merchants Bancorp by 1,659.8% during the 4th quarter. Goelzer Investment Management Inc. now owns 485,064 shares of the financial services provider’s stock valued at $11,991,000 after acquiring an additional 457,500 shares during the period. BNP Paribas Financial Markets grew its position in Farmers & Merchants Bancorp by 36.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 509 shares during the last quarter. CANADA LIFE ASSURANCE Co purchased a new stake in Farmers & Merchants Bancorp in the fourth quarter worth $34,000. Royal Bank of Canada increased its stake in Farmers & Merchants Bancorp by 124.6% in the fourth quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 643 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Farmers & Merchants Bancorp by 15.6% during the first quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock worth $443,000 after purchasing an additional 2,326 shares during the last quarter. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler restated a “neutral” rating and set a $28.50 price target (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. Hovde Group cut 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. Finally, Weiss Ratings upgraded shares of 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.50.

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.