Rhino Investment Partners Inc Purchases Shares of 68,746 Farmers & Merchants Bancorp Inc. $FMAO

Rhino Investment Partners Inc purchased a new stake in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 68,746 shares of the financial services provider’s stock, valued at approximately $1,765,000.

Several other institutional investors have also recently made changes to their positions in the business. Royal Bank of Canada grew its position in Farmers & Merchants Bancorp by 124.6% during the fourth quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider’s stock valued at $28,000 after buying an additional 643 shares during the period. CANADA LIFE ASSURANCE Co bought a new position in Farmers & Merchants Bancorp in the fourth quarter worth approximately $34,000. Integrated Quantitative Investments LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 4th quarter worth $207,000. BNP Paribas Financial Markets boosted its stake in shares of Farmers & Merchants Bancorp by 66.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,204 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,280 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Farmers & Merchants Bancorp by 948.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 4,013 shares during the last quarter. Institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Stock Up 10.4%

Shares of FMAO stock opened at $34.44 on Wednesday. The stock has a market cap of $474.24 million, a P/E ratio of 11.84 and a beta of 0.81. Farmers & Merchants Bancorp Inc. has a 52 week low of $22.77 and a 52 week high of $34.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $29.39 and its two-hundred day simple moving average is $27.49.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.67 by $0.19. The business had revenue of $34.35 million during 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 10.83%. Analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, July 10th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a yield of 2.7%. Farmers & Merchants Bancorp’s dividend payout ratio is presently 35.25%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Farmers & Merchants Bancorp news, Director Andrew J. Briggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $28.72, for a total transaction of $172,320.00. Following the completion of the transaction, the director owned 168,550 shares in the company, valued at $4,840,756. This trade represents a 3.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 69,825 shares of company stock worth $1,996,842 over the last three months. 7.30% of the stock is currently owned by corporate insiders.

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.