Key Points
- Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) on July 6 at an average price of $30.67, totaling about $92,010. After the sale, he still owned 141,550 shares.
- The company recently reported quarterly EPS of $0.70, beating analysts’ estimate of $0.68, though revenue of $32.44 million came in slightly below expectations.
- Farmers & Merchants Bancorp also declared a quarterly dividend of $0.23 per share, payable July 20, implying an annualized yield of about 3.0% and a payout ratio of 35.25%.
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) Director Andrew Briggs sold 3,000 shares of the firm's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $30.67, for a total value of $92,010.00. Following the completion of the sale, the director directly owned 141,550 shares of the company's stock, valued at approximately $4,341,338.50. This represents a 2.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Farmers & Merchants Bancorp Stock Performance
FMAO opened at $30.51 on Tuesday. Farmers & Merchants Bancorp Inc. has a 52-week low of $22.77 and a 52-week high of $32.00. 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 company has a market cap of $420.07 million, a P/E ratio of 11.82 and a beta of 0.81. The firm's 50-day moving average price is $28.25 and its 200-day moving average price is $26.92.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $32.44 million during the quarter, compared to analysts' expectations of $32.54 million. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. As a group, equities analysts anticipate that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.
Farmers & Merchants Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Friday, July 10th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, July 10th. Farmers & Merchants Bancorp's payout ratio is presently 35.25%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on FMAO shares. Piper Sandler reissued a "neutral" rating and set a $32.00 price objective (up from $28.50) on shares of Farmers & Merchants Bancorp in a report on Thursday, June 25th. Hovde Group lowered their price target on 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. Finally, Weiss Ratings upgraded Farmers & Merchants Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $30.25.
Read Our Latest Stock Analysis on FMAO
Institutional Trading of Farmers & Merchants Bancorp
Several hedge funds and other institutional investors have recently bought and sold shares of FMAO. Versant Capital Management Inc raised its position in Farmers & Merchants Bancorp by 72.2% during the second quarter. Versant Capital Management Inc now owns 813 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 341 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the 3rd quarter worth approximately $921,000. Royal Bank of Canada grew its stake 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 period. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Farmers & Merchants Bancorp during the 4th quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets increased its holdings 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 valued at $49,000 after purchasing an additional 509 shares in the last quarter. 23.96% of the stock is owned by institutional investors and hedge funds.
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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