Andrew Briggs Sells 3,000 Shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) 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 Tuesday, May 26th. The stock was sold at an average price of $27.59, for a total value of $82,770.00. Following the transaction, the director owned 225,085 shares in the company, valued at $6,210,095.15. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Farmers & Merchants Bancorp Trading Down 0.2%

Shares of FMAO opened at $27.81 on Friday. 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 firm’s 50-day moving average is $26.62 and its two-hundred day moving average is $26.16. Farmers & Merchants Bancorp Inc. has a twelve month low of $22.59 and a twelve month high of $29.83. The firm has a market capitalization of $382.94 million, a P/E ratio of 10.66 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $32.44 million for the quarter, compared to analysts’ expectations of $32.54 million. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%. On average, research analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Friday, April 3rd were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.92 annualized dividend and a yield of 3.3%. Farmers & Merchants Bancorp’s payout ratio is currently 35.25%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FMAO. Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 18th. Piper Sandler reaffirmed a “neutral” rating and set a $28.50 price objective (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. Finally, Hovde Group reduced their price objective 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. Based on data from MarketBeat, Farmers & Merchants Bancorp has an average rating of “Hold” and an average price target of $28.50.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in Farmers & Merchants Bancorp by 124.6% during the 4th 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 last quarter. CANADA LIFE ASSURANCE Co acquired a new stake in Farmers & Merchants Bancorp during the 4th quarter valued at $34,000. BNP Paribas Financial Markets grew its holdings in Farmers & Merchants Bancorp by 36.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after buying an additional 509 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in 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 valued at $112,000 after buying an additional 4,013 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in Farmers & Merchants Bancorp during the 1st quarter valued at $152,000. Institutional investors and hedge funds own 23.96% of the company’s stock.

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.