Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Andrew Briggs Sells 3,000 Shares of Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $30.09, for a total value of $90,270.00. Following the sale, the director directly owned 153,550 shares in the company, valued at approximately $4,620,319.50. The trade was a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Farmers & Merchants Bancorp Stock Performance

Shares of NASDAQ FMAO opened at $31.45 on Thursday. The company has a market cap of $433.07 million, a PE ratio of 12.05 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.98 and a quick ratio of 0.98. Farmers & Merchants Bancorp Inc. has a 12 month low of $22.77 and a 12 month high of $31.45. The company has a 50-day simple moving average of $28.00 and a 200-day simple moving average of $26.85.

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. 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 during the quarter, compared to the consensus estimate of $32.54 million. On average, equities analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Friday, July 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 10th. Farmers & Merchants Bancorp’s payout ratio is 35.25%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in Farmers & Merchants Bancorp in the 3rd quarter worth approximately $921,000. Royal Bank of Canada lifted its holdings in Farmers & Merchants Bancorp by 124.6% in 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 during the last quarter. CANADA LIFE ASSURANCE Co acquired a new stake in Farmers & Merchants Bancorp during the fourth quarter valued at approximately $34,000. BNP Paribas Financial Markets lifted its position in shares of 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 acquiring an additional 509 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Farmers & Merchants Bancorp by 948.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 4,013 shares during the last quarter. Institutional investors own 23.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Hovde Group cut their price objective 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. Weiss Ratings upgraded Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Finally, Piper Sandler restated a “neutral” rating and issued a $32.00 target price (up from $28.50) on shares of Farmers & Merchants Bancorp in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.