Key Points
- Insider sale: Director Eric Faust sold 1,148 shares at an average of $25.16 on March 23 for $28,883.68, cutting his stake by 17.17% to 5,538 shares (≈$139,336).
- Q4 results beat: Farmers & Merchants reported $0.71 EPS vs. $0.67 expected and revenue of $32.45M vs. $27.30M, signaling stronger-than-expected performance.
- Dividend announced: The company declared a quarterly dividend of $0.23 per share (annualized $0.92), a 3.7% yield, with an ex-dividend date of April 2 and payment on April 20.
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) insider Eric Faust sold 1,148 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $25.16, for a total value of $28,883.68. Following the transaction, the insider owned 5,538 shares of the company's stock, valued at approximately $139,336.08. This trade represents a 17.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Farmers & Merchants Bancorp Trading Up 0.7%
Farmers & Merchants Bancorp stock opened at $25.10 on Thursday. Farmers & Merchants Bancorp Inc. has a 12-month low of $20.88 and a 12-month high of $29.83. The firm has a market capitalization of $365.46 million, a price-to-earnings ratio of 10.37 and a beta of 0.85. The firm has a 50 day moving average of $26.42 and a 200 day moving average of $25.56. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $32.45 million for the quarter, compared to the consensus estimate of $27.30 million. Farmers & Merchants Bancorp had a net margin of 17.47% and a return on equity of 9.33%. As a group, research analysts predict that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current year.
Farmers & Merchants Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, April 3rd will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.7%. Farmers & Merchants Bancorp's payout ratio is 38.02%.
Hedge Funds Weigh In On Farmers & Merchants Bancorp
Several institutional investors have recently bought and sold shares of the stock. Invesco Ltd. increased its holdings in Farmers & Merchants Bancorp by 5.8% in the 4th quarter. Invesco Ltd. now owns 14,887 shares of the financial services provider's stock valued at $368,000 after acquiring an additional 817 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Farmers & Merchants Bancorp by 10.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,879 shares of the financial services provider's stock valued at $244,000 after purchasing an additional 911 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Farmers & Merchants Bancorp by 32.7% during the 4th quarter. Millennium Management LLC now owns 33,820 shares of the financial services provider's stock valued at $836,000 after purchasing an additional 8,337 shares during the last quarter. First Manhattan CO. LLC. purchased a new position in shares of Farmers & Merchants Bancorp during the fourth quarter valued at about $240,000. Finally, Align Financial LLC purchased a new position in shares of Farmers & Merchants Bancorp during the fourth quarter valued at about $6,844,000. 23.96% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
FMAO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Farmers & Merchants Bancorp in a report on Monday, December 29th. Zacks Research cut Farmers & Merchants Bancorp from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 30th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".
Check Out Our Latest Stock Report on Farmers & Merchants Bancorp
About Farmers & Merchants Bancorp
(
Get Free Report)
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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