Key Points
- Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) on May 12 at an average price of $27.20, for proceeds of $81,600. After the transaction, he still owned 252,085 shares.
- The stock was little changed in Friday trading, opening at $26.73, with a market cap of $368.07 million and trading near its 50-day and 200-day moving averages.
- The company beat quarterly EPS expectations with $0.70 per share versus $0.68 expected, and it also paid a quarterly dividend of $0.23, implying an annual yield of about 3.4%.
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) Director Andrew Briggs sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $27.20, for a total value of $81,600.00. Following the sale, the director directly owned 252,085 shares of the company's stock, valued at $6,856,712. The trade was a 1.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Farmers & Merchants Bancorp Stock Up 0.1%
Shares of Farmers & Merchants Bancorp stock opened at $26.73 on Friday. The stock has a market capitalization of $368.07 million, a P/E ratio of 10.24 and a beta of 0.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $26.14 and a two-hundred day moving average price of $25.92. Farmers & Merchants Bancorp Inc. has a 12-month low of $22.59 and a 12-month high of $29.83.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $32.44 million during the quarter, compared to analysts' expectations of $32.54 million. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%. Equities analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current year.
Farmers & Merchants Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Friday, April 3rd were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Farmers & Merchants Bancorp's dividend payout ratio is 35.25%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Farmers & Merchants Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, April 6th. Hovde Group reduced their price target on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a "market perform" rating for the company in a report on Friday, April 24th. Finally, Piper Sandler reissued a "neutral" rating and issued a $28.50 price target (up from $28.00) on shares of Farmers & Merchants Bancorp in a report on Monday, April 27th. 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 an average rating of "Hold" and an average price target of $28.50.
Get Our Latest Research Report on Farmers & Merchants Bancorp
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of FMAO. 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 worth $28,000 after purchasing an additional 643 shares during the period. CANADA LIFE ASSURANCE Co bought a new position in Farmers & Merchants Bancorp in the fourth quarter worth $34,000. BNP Paribas Financial Markets lifted its position in Farmers & Merchants Bancorp by 36.0% in the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider's stock worth $49,000 after purchasing 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 second quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider's stock valued at $112,000 after acquiring an additional 4,013 shares during the period. Finally, Globeflex Capital L P bought a new position in shares of Farmers & Merchants Bancorp during the first quarter valued at $152,000. 23.96% of the stock is owned by institutional investors.
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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