Insider Selling: Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $85,980.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $28.66, for a total transaction of $85,980.00. Following the completion of the sale, the director directly owned 165,550 shares in the company, valued at approximately $4,744,663. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Farmers & Merchants Bancorp Stock Up 1.5%

Shares of FMAO opened at $30.39 on Friday. The stock has a market cap of $418.46 million, a price-to-earnings ratio of 11.64 and a beta of 0.82. The company has a quick ratio of 0.98, a current 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 $30.90. The company has a 50-day moving average price of $27.78 and a two-hundred day moving average price of $26.75.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data 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. 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 analyst estimates of $32.54 million. Equities analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Institutional Trading of Farmers & Merchants Bancorp

Several hedge funds have recently modified their holdings of the company. Bridgeway Capital Management LLC boosted its holdings in shares of Farmers & Merchants Bancorp by 2.1% in the 2nd 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 in the last quarter. BNP Paribas Financial Markets increased 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 purchasing an additional 509 shares in the last quarter. Royal Bank of Canada increased 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 purchasing an additional 643 shares in the last quarter. Millennium Management LLC increased its holdings in Farmers & Merchants Bancorp by 2.9% during the 3rd quarter. Millennium Management LLC now owns 25,483 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 722 shares in the last quarter. Finally, Invesco Ltd. raised 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 valued at $368,000 after purchasing an additional 817 shares during the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on FMAO shares. Piper Sandler reiterated a “neutral” rating and issued a $32.00 price target (up from $28.50) on shares of Farmers & Merchants Bancorp in a research report on Thursday. Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Finally, Hovde Group reduced their target price on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Farmers & Merchants Bancorp has an average rating of “Hold” and a consensus target price of $30.25.

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.