Key Points
- Insider sale: EVP David Gerken sold 1,000 FMAO shares for approximately $33,720, reducing his ownership by 13.32% to 6,509 shares.
- Strong quarterly results: Farmers & Merchants Bancorp reported quarterly EPS of $0.86, exceeding the $0.67 consensus estimate, while revenue of $34.35 million also topped forecasts.
- Stock and outlook: Shares opened at $34.28, near their one-year high, and analysts collectively rate the stock “Moderate Buy” with an average price target of $32.25. The company pays a $0.23 quarterly dividend, yielding about 2.7%.
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) EVP David Gerken sold 1,000 shares of the firm's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $33.72, for a total value of $33,720.00. Following the transaction, the executive vice president owned 6,509 shares in the company, valued at $219,483.48. This trade represents a 13.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Farmers & Merchants Bancorp Trading Up 0.4%
NASDAQ FMAO opened at $34.28 on Friday. 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 one year low of $22.77 and a one year high of $35.94. The company has a 50-day simple moving average of $30.28 and a 200-day simple moving average of $27.93. The firm has a market capitalization of $472.04 million, a PE ratio of 11.78 and a beta of 0.80.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.19. The company had revenue of $34.35 million during the quarter, compared to the consensus estimate of $33.05 million. Farmers & Merchants Bancorp had a return on equity of 10.72% and a net margin of 20.27%. On average, equities analysts forecast that Farmers & Merchants Bancorp Inc. will post 3.05 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, July 20th. Stockholders of record on Friday, July 10th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, July 10th. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is 31.62%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on FMAO shares. Hovde Group lowered their price target 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. Piper Sandler restated a "neutral" rating and issued a $36.00 price objective (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday, July 29th. Zacks Research raised Farmers & Merchants Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Weiss Ratings raised Farmers & Merchants Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of Farmers & Merchants Bancorp from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.25.
Get Our Latest Stock Analysis on Farmers & Merchants Bancorp
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position 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 acquiring an additional 341 shares in the last quarter. 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 valued at $487,000 after acquiring an additional 401 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Farmers & Merchants Bancorp by 36.0% in 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 during the period. Royal Bank of Canada increased its holdings in shares of Farmers & Merchants Bancorp by 124.6% in the 4th quarter. Royal Bank of Canada now owns 1,159 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 643 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Farmers & Merchants Bancorp by 2.9% in the third 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 in the last quarter. Institutional investors and hedge funds own 23.96% of the company's stock.
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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