Key Points
- Insider sale: Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp at $26.44 each, totaling about $79,320. After the sale, he still owned 240,085 shares, and the filing shows his stake fell by 1.23%.
- Recent performance and fundamentals: The stock was up 1.4% and last traded at $27.56, with a market cap of about $379.5 million and a price-to-earnings ratio of 10.56. The company’s latest quarterly EPS of $0.70 beat estimates by $0.02.
- Dividend and outlook: Farmers & Merchants Bancorp pays a quarterly dividend of $0.23 per share, or $0.92 annually, for a yield of 3.3%. Analysts currently have a consensus Hold rating with a $28.50 target price.
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $26.44, for a total transaction of $79,320.00. Following the completion of the sale, the director owned 240,085 shares of the company's stock, valued at $6,347,847.40. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Farmers & Merchants Bancorp Stock Up 1.4%
Farmers & Merchants Bancorp stock opened at $27.56 on Thursday. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $22.59 and a fifty-two week high of $29.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $26.28 and a 200 day moving average price of $26.01. The company has a market capitalization of $379.50 million, a PE ratio of 10.56 and a beta of 0.82.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 EPS 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. Research analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current year.
Farmers & Merchants Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Friday, April 3rd were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, April 2nd. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is currently 35.25%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on FMAO shares. Hovde Group decreased 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 research report on Friday, April 24th. 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 research report on Monday, April 27th. Finally, Weiss Ratings raised shares of Farmers & Merchants Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $28.50.
Check Out Our Latest Research Report on Farmers & Merchants Bancorp
Institutional Investors Weigh In On Farmers & Merchants Bancorp
Several institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC lifted its position in shares of Farmers & Merchants Bancorp by 2.1% during 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 last quarter. BNP Paribas Financial Markets lifted its position in shares of 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 worth $49,000 after purchasing an additional 509 shares during the last quarter. Royal Bank of Canada lifted its position in shares of 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 worth $28,000 after purchasing an additional 643 shares during the last quarter. Millennium Management LLC lifted its position in shares of 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 worth $637,000 after purchasing an additional 722 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Farmers & Merchants Bancorp by 5.8% during the 4th quarter. Invesco Ltd. now owns 14,887 shares of the financial services provider's stock worth $368,000 after purchasing an additional 817 shares during the last quarter. 23.96% of the stock is owned by hedge funds and other institutional investors.
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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