Key Points
- Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp at an average price of $34.08, generating $102,240 and reducing his direct ownership by 4.14% to 69,550 shares.
- The company’s latest quarterly results exceeded expectations, with earnings per share of $0.86 versus the $0.67 consensus estimate and revenue of $34.35 million compared with $33.05 million expected.
- Farmers & Merchants Bancorp maintains a quarterly dividend of $0.23, or $0.92 annualized, yielding approximately 2.6%. Analysts collectively rate the stock “Moderate Buy,” with an average price target of $32.25.
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) Director Andrew Briggs sold 3,000 shares of Farmers & Merchants Bancorp stock in a transaction on Friday, August 7th. The shares were sold at an average price of $34.08, for a total value of $102,240.00. Following the sale, the director directly owned 69,550 shares of the company's stock, valued at approximately $2,370,264. The trade was a 4.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Farmers & Merchants Bancorp Stock Performance
Shares of NASDAQ FMAO opened at $34.92 on Friday. The business's 50-day moving average price is $30.42 and its two-hundred day moving average price is $27.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick 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 market capitalization of $480.85 million, a P/E ratio of 12.00 and a beta of 0.80.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last posted 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 10.72% and a net margin of 20.27%.The company had revenue of $34.35 million during the quarter, compared to the consensus estimate of $33.05 million. Analysts anticipate that Farmers & Merchants Bancorp Inc. will post 3.05 earnings per share for the current fiscal year.
Farmers & Merchants Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, July 10th were issued a $0.23 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. Farmers & Merchants Bancorp's dividend payout ratio is currently 31.62%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its holdings in 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 worth $25,000 after purchasing an additional 341 shares during the last quarter. Ancora Advisors LLC acquired a new position in Farmers & Merchants Bancorp during the third quarter valued at approximately $921,000. Royal Bank of Canada grew its holdings 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 valued at $28,000 after purchasing an additional 643 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new position in shares of Farmers & Merchants Bancorp in the fourth quarter valued at approximately $34,000. Finally, BNP Paribas Financial Markets raised its position in shares of 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 valued at $49,000 after purchasing an additional 509 shares during the period. 23.96% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. 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. Hovde Group dropped their price target on shares of 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. Weiss Ratings upgraded shares of Farmers & Merchants Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, June 18th. Piper Sandler reaffirmed a "neutral" rating and issued a $36.00 price objective (up from $32.00) on shares of Farmers & Merchants Bancorp in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Farmers & Merchants Bancorp from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.25.
Get Our Latest Stock 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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