Key Points
- Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp at an average price of $26.66, totaling about $79,980. After the sale, he still owned 246,085 shares.
- The company reported stronger-than-expected quarterly earnings, posting $0.70 EPS versus the $0.68 consensus estimate, though revenue came in slightly below forecasts at $32.44 million.
- Farmers & Merchants Bancorp also paid a quarterly dividend of $0.23 per share, equal to an annualized yield of about 3.4%. Analysts currently rate the stock a Hold with an average target price of $28.50.
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $26.66, for a total value of $79,980.00. Following the transaction, the director owned 246,085 shares of the company's stock, valued at $6,560,626.10. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Farmers & Merchants Bancorp Price Performance
Farmers & Merchants Bancorp stock opened at $27.23 on Tuesday. Farmers & Merchants Bancorp Inc. has a 52 week low of $22.59 and a 52 week high of $29.83. The company's 50 day moving average price is $26.19 and its two-hundred day moving average price is $25.96. 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 market cap of $374.96 million, a P/E ratio of 10.43 and a beta of 0.82.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 EPS for the quarter, topping 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 firm had revenue of $32.44 million for the quarter, compared to analysts' expectations of $32.54 million. On average, equities analysts predict that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current year.
Farmers & Merchants Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Friday, April 3rd were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is currently 35.25%.
Wall Street Analysts Forecast Growth
FMAO has been the topic of several recent analyst reports. Hovde Group dropped their target price on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a "market perform" rating on the stock in a research report on Friday, April 24th. Piper Sandler reissued a "neutral" rating and set a $28.50 target price (up from $28.00) on shares of Farmers & Merchants Bancorp in a research report on Monday, April 27th. Finally, Weiss Ratings raised shares of Farmers & Merchants Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, April 6th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $28.50.
View Our Latest Stock Analysis on FMAO
Institutional Investors Weigh In On Farmers & Merchants Bancorp
A number of hedge funds have recently modified their holdings of the stock. Bridgeway Capital Management LLC raised its holdings in shares of 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 worth $487,000 after purchasing an additional 401 shares during the period. BNP Paribas Financial Markets raised its holdings in Farmers & Merchants Bancorp by 36.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 509 shares during the period. Royal Bank of Canada raised its holdings in Farmers & Merchants Bancorp by 124.6% during the 4th quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 643 shares during the period. Millennium Management LLC raised its holdings in Farmers & Merchants Bancorp by 2.9% during the 3rd quarter. Millennium Management LLC now owns 25,483 shares of the financial services provider's stock valued at $637,000 after acquiring an additional 722 shares during the period. Finally, Invesco Ltd. raised its holdings in Farmers & Merchants Bancorp by 5.8% during 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 period. Institutional investors own 23.96% of the company's stock.
Farmers & Merchants Bancorp Company Profile
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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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