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 company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $29.62, for a total value of $88,860.00. Following the completion of the transaction, the director directly owned 159,550 shares in the company, valued at $4,725,871. This represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Farmers & Merchants Bancorp Stock Performance

FMAO opened at $30.39 on Friday. The firm has a market cap of $418.46 million, a PE 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. The business has a fifty day simple moving average of $27.78 and a 200-day simple moving average of $26.75. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $30.90.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $32.44 million for the quarter, compared to analysts’ expectations of $32.54 million. As a group, equities analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Farmers & Merchants Bancorp

Several institutional investors have recently made changes to their positions in FMAO. Goelzer Investment Management Inc. increased its stake in Farmers & Merchants Bancorp by 1,659.8% in 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 buying an additional 457,500 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the 3rd quarter valued at $223,000. Royal Bank of Canada grew its holdings in shares of 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 acquiring an additional 643 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Farmers & Merchants Bancorp by 15.6% in the first quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider’s stock worth $443,000 after acquiring an additional 2,326 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Farmers & Merchants Bancorp by 37.0% during the first quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider’s stock worth $977,000 after acquiring an additional 10,279 shares in the last quarter. 23.96% of the stock is currently owned by institutional investors and hedge funds.

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.