Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) Director Andrew Briggs sold 3,000 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $30.47, for a total value of $91,410.00. Following the completion of the sale, the director owned 111,550 shares of the company's stock, valued at approximately $3,398,928.50. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Farmers & Merchants Bancorp Stock Performance
Shares of NASDAQ:FMAO opened at $34.44 on Wednesday. The business's 50-day simple moving average is $29.39 and its 200 day simple moving average is $27.49. The company has a market cap of $474.24 million, a P/E ratio of 11.84 and a beta of 0.81. 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 one year low of $22.77 and a one year high of $34.74.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.19. Farmers & Merchants Bancorp had a return on equity of 10.83% and a net margin of 20.27%.The firm had revenue of $34.35 million during the quarter, compared to analysts' expectations of $33.05 million. On average, sell-side analysts forecast that Farmers & Merchants Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.
Farmers & Merchants Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Friday, July 10th were paid a $0.23 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. Farmers & Merchants Bancorp's dividend payout ratio is 35.25%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its holdings in shares of Farmers & Merchants Bancorp by 72.2% in the 2nd quarter. Versant Capital Management Inc now owns 813 shares of the financial services provider's stock valued at $25,000 after buying an additional 341 shares during the period. Royal Bank of Canada raised its stake in Farmers & Merchants Bancorp by 124.6% during the fourth quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider's stock worth $28,000 after acquiring an additional 643 shares during the period. CANADA LIFE ASSURANCE Co bought a new position in Farmers & Merchants Bancorp in the fourth quarter worth about $34,000. BNP Paribas Financial Markets lifted its holdings 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 acquiring an additional 509 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Farmers & Merchants Bancorp by 948.7% in 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. 23.96% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on FMAO. Weiss Ratings raised shares of Farmers & Merchants Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, June 18th. Piper Sandler restated a "neutral" rating and set a $32.00 target price (up from $28.50) on shares of Farmers & Merchants Bancorp in a research note on Thursday, June 25th. Finally, Hovde Group dropped their target price on 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. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $30.25.
Get Our Latest Analysis 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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