Farmers & Merchants Bancorp (NASDAQ:FMAO) Director Sells $88,860.00 in Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $29.62, for a total value of $88,860.00. Following the transaction, the director owned 159,550 shares in the company, valued at $4,725,871. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Farmers & Merchants Bancorp Stock Performance

Shares of FMAO opened at $30.39 on Monday. 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 twelve month low of $22.77 and a twelve month high of $30.90. The firm’s 50 day moving average price is $27.78 and its two-hundred day moving average price is $26.76. The firm has a market cap of $418.46 million, a P/E ratio of 11.64 and a beta of 0.82.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released 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 net margin of 18.54% and a return on equity of 9.85%. The company had revenue of $32.44 million during the quarter, compared to analysts’ expectations of $32.54 million. On average, analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Institutional Trading of Farmers & Merchants Bancorp

A number of large investors have recently added to or reduced their stakes in FMAO. Jane Street Group LLC bought a new position in shares of Farmers & Merchants Bancorp in the 1st quarter valued at about $380,000. Franklin Resources Inc. bought a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at about $210,000. Bridgeway Capital Management LLC lifted its stake in Farmers & Merchants Bancorp by 2.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 401 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Farmers & Merchants Bancorp by 36.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 509 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in 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 worth $112,000 after purchasing an additional 4,013 shares during the period. Institutional investors and hedge funds own 23.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FMAO shares. Hovde Group reduced 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. Weiss Ratings raised Farmers & Merchants Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research 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. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.