Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $86,400.00 in Stock

by · The Cerbat Gem

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) Director Andrew Briggs sold 3,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.80, for a total transaction of $86,400.00. Following the completion of the sale, the director directly owned 183,550 shares in the company, valued at approximately $5,286,240. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Farmers & Merchants Bancorp Trading Down 1.1%

Shares of NASDAQ:FMAO traded down $0.32 during trading on Wednesday, reaching $28.55. The stock had a trading volume of 124,641 shares, compared to its average volume of 55,389. The firm’s fifty day moving average is $27.42 and its 200 day moving average is $26.54. 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 Inc. has a 52 week low of $22.77 and a 52 week high of $29.83. The stock has a market cap of $393.08 million, a price-to-earnings ratio of 10.94 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. The company had revenue of $32.44 million for the quarter, compared to analyst estimates of $32.54 million. As a group, equities analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 EPS 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. Stockholders of record on Friday, April 3rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, April 2nd. Farmers & Merchants Bancorp’s dividend payout ratio is currently 35.25%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goelzer Investment Management Inc. boosted its stake in Farmers & Merchants Bancorp by 1,659.8% during the fourth quarter. Goelzer Investment Management Inc. now owns 485,064 shares of the financial services provider’s stock worth $11,991,000 after acquiring an additional 457,500 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new position in shares of Farmers & Merchants Bancorp in the third quarter valued at $223,000. Royal Bank of Canada lifted its stake in shares of Farmers & Merchants Bancorp by 124.6% in the fourth 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 in the last quarter. Bank of America Corp DE lifted 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 valued at $443,000 after buying an additional 2,326 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Farmers & Merchants Bancorp by 37.0% in the first quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider’s stock valued at $977,000 after buying an additional 10,279 shares in the last quarter. 23.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FMAO. Weiss Ratings lowered shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Hovde Group reduced their price objective 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. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $28.50 price objective (up from $28.00) on shares of Farmers & Merchants Bancorp in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.50.

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Farmers & Merchants Bancorp Company Profile

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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.

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