Farmers & Merchants Bancorp (NASDAQ:FMAO) Issues Earnings Results

Farmers & Merchants Bancorp (NASDAQ:FMAO) announced its earnings results on Monday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.19, FiscalAI reports. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. The company had revenue of $34.35 million during the quarter, compared to analysts’ expectations of $33.05 million.

Farmers & Merchants Bancorp Stock Up 0.8%

FMAO stock opened at $31.20 on Tuesday. The stock has a market capitalization of $429.62 million, a P/E ratio of 11.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.98 and a current ratio of 0.98. Farmers & Merchants Bancorp has a one year low of $22.77 and a one year high of $32.00. The company has a 50 day moving average price of $29.25 and a two-hundred day moving average price of $27.41.

Farmers & Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Friday, July 10th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, July 10th. Farmers & Merchants Bancorp’s payout ratio is presently 35.25%.

Analyst Ratings Changes

Several research firms have recently commented on FMAO. 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. Hovde Group cut their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a “market perform” rating for the company in a research report on Friday, April 24th. Finally, Piper Sandler reaffirmed 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 research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Farmers & Merchants Bancorp presently has a consensus rating of “Hold” and an average target price of $30.25.

Insider Buying and Selling at Farmers & Merchants Bancorp

In other Farmers & Merchants Bancorp news, Director Andrew J. Briggs sold 6,000 shares of the stock in a transaction 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 transaction, the director owned 168,550 shares of the company’s stock, valued at $4,840,756. This represents a 3.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders sold 66,825 shares of company stock worth $1,905,432. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake 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 worth $28,000 after buying an additional 643 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in shares of Farmers & Merchants Bancorp during the 4th quarter valued at about $34,000. BNP Paribas Financial Markets lifted its holdings 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 worth $49,000 after acquiring an additional 509 shares during the period. Tower Research Capital LLC TRC lifted its holdings 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 period. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Farmers & Merchants Bancorp in the fourth quarter worth approximately $207,000. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

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.