Key Points
- Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) on May 26 at an average price of $27.59, reducing his direct stake by 1.32%.
- The company beat quarterly earnings expectations, reporting $0.70 EPS versus the $0.68 consensus, while revenue came in slightly below estimates at $32.44 million.
- Farmers & Merchants Bancorp recently paid a quarterly dividend of $0.23 per share, equal to an annualized yield of about 3.3%; analysts currently rate the stock a consensus Hold with a $28.50 target price.
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) Director Andrew Briggs sold 3,000 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.59, for a total value of $82,770.00. Following the transaction, the director directly owned 225,085 shares in the company, valued at $6,210,095.15. This trade represents a 1.32% 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 Performance
NASDAQ FMAO opened at $27.87 on Thursday. The stock's fifty day moving average is $26.55 and its two-hundred day moving average is $26.14. The firm has a market capitalization of $383.77 million, a P/E ratio of 10.68 and a beta of 0.82. 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 fifty-two week low of $22.59 and a fifty-two week high of $29.83.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $32.44 million for the quarter, compared to analyst estimates of $32.54 million. Farmers & Merchants Bancorp had a return on equity of 9.85% and a net margin of 18.54%. On average, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Friday, April 3rd were paid a dividend of $0.23 per share. 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 3.3%. Farmers & Merchants Bancorp's payout ratio is 35.25%.
Institutional Investors Weigh In On Farmers & Merchants Bancorp
A number of institutional investors have recently modified their holdings of FMAO. Jane Street Group LLC acquired a new stake in shares of Farmers & Merchants Bancorp in the first quarter valued at $380,000. Franklin Resources Inc. acquired a new position in Farmers & Merchants Bancorp during the 2nd quarter worth $210,000. Bridgeway Capital Management LLC grew its stake in 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 in the last quarter. BNP Paribas Financial Markets grew its stake 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 worth $49,000 after purchasing an additional 509 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Farmers & Merchants Bancorp by 948.7% during the 2nd 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 in the last quarter. 23.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on FMAO. Hovde Group lowered their price objective on Farmers & Merchants Bancorp from $30.00 to $28.50 and set a "market perform" rating on the stock in a research note on Friday, April 24th. Piper Sandler reissued a "neutral" rating and set a $28.50 price objective (up from $28.00) on shares of Farmers & Merchants Bancorp in a research note on Monday, April 27th. Finally, Weiss Ratings raised Farmers & Merchants Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Farmers & Merchants Bancorp currently has a consensus rating of "Hold" and an average target price of $28.50.
View Our Latest Stock Report on FMAO
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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