Farmers & Merchants Bancorp (NASDAQ:FMAO) Research Coverage Started at Piper Sandler

Piper Sandler began coverage on shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) in a research report released on Thursday, Marketbeat reports. The firm issued a neutral rating and a $28.00 target price on the financial services provider’s stock.

Several other research analysts have also commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a report on Monday, December 29th. Zacks Research lowered shares of Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Farmers & Merchants Bancorp has a consensus rating of “Hold” and an average target price of $28.00.

Farmers & Merchants Bancorp Price Performance

FMAO opened at $25.88 on Thursday. Farmers & Merchants Bancorp has a 1 year low of $20.88 and a 1 year high of $29.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $376.92 million, a PE ratio of 10.69 and a beta of 0.81. The business’s 50-day moving average is $26.39 and its two-hundred day moving average is $25.55.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $32.45 million for the quarter, compared to the consensus estimate of $27.30 million. Farmers & Merchants Bancorp had a return on equity of 9.33% and a net margin of 17.47%. Research analysts anticipate that Farmers & Merchants Bancorp will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, April 3rd will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, April 2nd. Farmers & Merchants Bancorp’s dividend payout ratio is presently 38.02%.

Insider Transactions at Farmers & Merchants Bancorp

In other Farmers & Merchants Bancorp news, insider Eric D. Faust sold 1,148 shares of Farmers & Merchants Bancorp stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $25.16, for a total value of $28,883.68. Following the sale, the insider owned 5,538 shares in the company, valued at $139,336.08. The trade was a 17.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Hedge funds have recently modified their holdings of the business. Ancora Advisors LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the 3rd quarter worth about $921,000. Royal Bank of Canada lifted its position in 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 during the last quarter. CANADA LIFE ASSURANCE Co purchased a new position in Farmers & Merchants Bancorp during the fourth quarter worth about $34,000. BNP Paribas Financial Markets boosted its stake in Farmers & Merchants Bancorp by 36.0% during the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock worth $49,000 after buying an additional 509 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Farmers & Merchants Bancorp by 126.2% during the third quarter. Farther Finance Advisors LLC now owns 2,185 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,219 shares during the last quarter. 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.