Andrew Briggs Sells 6,000 Shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $28.72, for a total value of $172,320.00. Following the transaction, the director directly owned 168,550 shares of the company’s stock, valued at approximately $4,840,756. This trade represents a 3.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Farmers & Merchants Bancorp Stock Up 1.0%

Farmers & Merchants Bancorp stock traded up $0.30 during mid-day trading on Wednesday, hitting $29.53. The company 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. The stock’s 50 day moving average price is $27.59 and its two-hundred day moving average price is $26.65. Farmers & Merchants Bancorp Inc. has a 12 month low of $22.77 and a 12 month high of $29.83. The company 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 results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $32.44 million during the quarter, compared to the consensus estimate of $32.54 million. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%. As a group, sell-side analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FMAO has been the subject of several analyst reports. Piper Sandler reissued a “neutral” rating and set a $28.50 price target (up from $28.00) on shares of Farmers & Merchants Bancorp in a research report on Monday, April 27th. Weiss Ratings upgraded Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Finally, Hovde Group reduced their target price on 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. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Farmers & Merchants Bancorp currently has an average rating of “Hold” and a consensus target price of $28.50.

Institutional Trading of Farmers & Merchants Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC grew its stake in shares of 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 acquiring an additional 401 shares during the period. BNP Paribas Financial Markets boosted its holdings 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 last quarter. Royal Bank of Canada boosted its holdings 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 last quarter. Millennium Management LLC grew its position in Farmers & Merchants Bancorp by 2.9% in the 3rd quarter. Millennium Management LLC now owns 25,483 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 722 shares during the period. Finally, Invesco Ltd. grew its position in Farmers & Merchants Bancorp by 5.8% in the 4th quarter. Invesco Ltd. now owns 14,887 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 817 shares during the period. Hedge funds and other institutional investors own 23.96% of the company’s stock.

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.