Key Points
- Director Andrew Briggs sold 3,000 FMAO shares at an average price of $33.69, generating $101,070. His remaining stake totaled 81,550 shares, a 3.55% reduction in ownership.
- Farmers & Merchants Bancorp reported quarterly EPS of $0.86, beating estimates by $0.19, while revenue of $34.35 million also exceeded expectations. The company maintains a quarterly dividend of $0.23, equivalent to a 2.7% annualized yield.
- Analyst sentiment improved overall, with several firms upgrading the stock; MarketBeat reported a “Moderate Buy” consensus and an average price target of $32.25. Institutional investors and hedge funds own 23.96% of the company.
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) Director Andrew Briggs sold 3,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $33.69, for a total transaction of $101,070.00. Following the completion of the sale, the director owned 81,550 shares in the company, valued at $2,747,419.50. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Farmers & Merchants Bancorp Stock Down 1.8%
Shares of FMAO opened at $34.16 on Thursday. The company has a 50-day simple moving average of $30.15 and a 200-day simple moving average of $27.86. The firm has a market capitalization of $470.38 million, a P/E ratio of 11.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 0.96. Farmers & Merchants Bancorp Inc. has a 52 week low of $22.77 and a 52 week high of $35.94.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its earnings results on Monday, July 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.19. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.72%. The business had revenue of $34.35 million during the quarter, compared to analysts' expectations of $33.05 million. On average, equities research analysts expect that Farmers & Merchants Bancorp Inc. will post 3.05 earnings per share for the current year.
Farmers & Merchants Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Friday, July 10th were given a $0.23 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is currently 31.62%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Farmers & Merchants Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, June 18th. Wall Street Zen upgraded shares of Farmers & Merchants Bancorp from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Zacks Research raised shares of Farmers & Merchants Bancorp from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Hovde Group dropped their price objective on shares of Farmers & Merchants Bancorp from $30.00 to $28.50 and set a "market perform" rating for the company in a research note on Friday, April 24th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $36.00 price objective (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Farmers & Merchants Bancorp has an average rating of "Moderate Buy" and a consensus target price of $32.25.
View Our Latest Stock Report on Farmers & Merchants Bancorp
Institutional Investors Weigh In On Farmers & Merchants Bancorp
Institutional investors have recently added to or reduced their stakes in the stock. Align Financial LLC acquired a new stake in Farmers & Merchants Bancorp in the 4th quarter valued at $6,844,000. Rhino Investment Partners Inc acquired a new position in Farmers & Merchants Bancorp during the first quarter worth $1,765,000. Segall Bryant & Hamill LLC acquired a new position in Farmers & Merchants Bancorp during the first quarter worth $1,319,000. Jane Street Group LLC raised its stake in Farmers & Merchants Bancorp by 186.8% during the fourth quarter. Jane Street Group LLC now owns 15,762 shares of the financial services provider's stock worth $390,000 after acquiring an additional 33,916 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Farmers & Merchants Bancorp during the third quarter valued at $616,000. 23.96% of the stock is owned by institutional investors and hedge funds.
About Farmers & Merchants Bancorp
(
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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