Rep. Robert E. Latta Acquires Shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO)

Key Points

• Rep. Robert E. Latta purchased $1,001–$15,000 of Farmers & Merchants Bancorp shares on July 20, following a $15,001–$50,000 purchase in June.
• Farmers & Merchants Bancorp reported quarterly EPS of $0.86, beating estimates of $0.67, while revenue of $34.35 million also exceeded expectations.
• The company pays a quarterly dividend of $0.23 per share, or $0.92 annually, yielding approximately 2.9%; analysts maintain a consensus “Hold” rating with a $30.25 price target.

Representative Robert E. Latta (Republican-Ohio) recently bought shares of Farmers & Merchants Bancorp Inc. NASDAQ: FMAO. In a filing disclosed on July 24th, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on July 20th.

Representative Robert E. Latta also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Farmers & Merchants Bancorp NASDAQ: FMAO on 6/4/2026.

Farmers & Merchants Bancorp Price Performance

Farmers & Merchants Bancorp stock opened at $31.20 on Tuesday. The firm has a market cap of $429.62 million, a PE ratio of 11.95 and a beta of 0.81. 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's 50 day moving average is $29.25 and its two-hundred day moving average is $27.41.

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 EPS for the quarter, topping the consensus estimate of $0.67 by $0.19. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. The business had revenue of $34.35 million during the quarter, compared to the consensus estimate of $33.05 million. On average, research analysts expect that Farmers & Merchants Bancorp Inc. will post 2.83 EPS for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, July 10th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, July 10th. Farmers & Merchants Bancorp's dividend payout ratio is presently 35.25%.

Insider Activity at Farmers & Merchants Bancorp

In related news, Director Andrew J. Briggs sold 3,000 shares of the company's stock in a transaction on Friday, July 10th. The stock was sold at an average price of $29.52, for a total transaction of $88,560.00. Following the transaction, the director owned 129,550 shares of the company's stock, valued at $3,824,316. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 66,825 shares of company stock valued at $1,905,432. 7.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $32.00 price objective (up from $28.50) on shares of Farmers & Merchants Bancorp in a research report on Thursday, June 25th. 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 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 investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $30.25.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in shares of Farmers & Merchants Bancorp by 72.2% in 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. Segall Bryant & Hamill LLC purchased a new stake in Farmers & Merchants Bancorp in the 1st quarter valued at approximately $1,319,000. Bank of America Corp DE increased its position in Farmers & Merchants Bancorp by 15.6% during the 1st quarter. Bank of America Corp DE now owns 17,246 shares of the financial services provider's stock worth $443,000 after purchasing an additional 2,326 shares during the period. Rhino Investment Partners Inc acquired a new position in Farmers & Merchants Bancorp during the 1st quarter worth approximately $1,765,000. Finally, Quantinno Capital Management LP raised its stake in shares of Farmers & Merchants Bancorp by 37.0% during the 1st quarter. Quantinno Capital Management LP now owns 38,041 shares of the financial services provider's stock worth $977,000 after buying an additional 10,279 shares in the last quarter. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Latta

Bob Latta (Republican Party) is a member of the U.S. House, representing Ohio's 5th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2027. Latta (Republican Party) ran for re-election to the U.S. House to represent Ohio's 5th Congressional District. He won in the general election on November 5, 2024.

About Farmers & Merchants Bancorp

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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