Farmers & Merchants (NASDAQ:FMAO) Stock

Farmers & Merchants

FARMERS & MERCH BANC

Farmers & Merchants Bancorp Inc is a holding company for Farmers & Merchants Bank of Central California. The company is engaged in general commercial banking business. The activities of the company include commercial, agricultural and residential mortgages as well as consumer and credit card lending activities.

Farmers & Merchants Bancorp, Inc. - Common Stock

Farmers & Merchants Bancorp Inc

Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) reported quarterly earnings of $0.51 per share which beat the analyst consensus estimate of $0.42 by 21.43 percent. This is a 30.77 percent increase over earnings of $0.39 per share from the same period last year.

Earnings

Earnings Beats

News

FMAO

Farmers & Merchants Q1 EPS $0.51 Beats $0.42 Estimate

Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.48 by 27.08 percent. This is a 48.78 percent increase over earnings of $0.41 per share from the same period last year.

Farmers & Merchants Q4 2024 GAAP EPS $0.61 Beats $0.48 Estimate

On January 28, 2025, Farmers &amp; Merchants Bancorp, Inc. is announcing that its Board of Directors has authorized the repurchase of up to 650,000 shares (approximately 4.8%) of its outstanding common stock commencing January 28, 2025 and ending on December 31, 2025. The Board has authorized the appropriate officers of the Company to effect repurchases either in the open market or in privately negotiated transactions.
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Buybacks

Farmers & Merchants Bancorp Announces Share Repurchase Plan For Up To 650K Shares, Or 4.8% Of Outstanding Stock)

January 24, 2025 records indicate that Representative Robert Latta filed a purchase of Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>), valued between $1,001 and $15,000. According to the January filing, the transaction occurred on January 24, 2025.
Currently, Farmers &amp; Merchants shares are trading down 0.83% at $26.24.
To stay updated on Robert Latta's trades and other congressional trades, try our <a href="https://www.benzinga.com/gov-trades/members/robert-latta">government trades tool</a> for live updates!
<h3>Why Congressional Transactions Matter</h3>
A congressional transaction is when any representative or senator either buys or sells an individual stock.
Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.
<h3>Why Congressional Transactions Matter</h3>
Congressional transactions shouldn't be the primary reason for an investing decision, but they can be an important factor for an investor to consider.
When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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A Congress Member Bought Up To $15K In Farmers & Merchants Stock: Here's What You Need To Know

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.42 by 14.29 percent. The company reported quarterly sales of $25.549 million which beat the analyst consensus estimate of $21.567 million by 18.46 percent. This is a 9.53 percent increase over sales of $23.326 million the same period last year.

Farmers & Merchants Q3 2024 GAAP EPS $0.48 Beats $0.42 Estimate, Sales $25.549M Beat $21.567M Estimate

The&nbsp;third-quarter&nbsp;dividend is payable on October 20, 2024, to shareholders of record as of October 4, 2024.

Dividends

Farmers & Merchants Bancorp Boosts Quarterly Dividend From $0.22 To $0.22125 Per Share

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Shares of banking companies are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

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Shares of banking companies are trading lower amid overall market weakness on US economic concerns.

Piper Sandler analyst Justin Crowley maintains Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) with a Neutral and raises the price target from $24 to $26.

Price Target

Analyst Ratings

Piper Sandler Maintains Neutral on Farmers & Merchants, Raises Price Target to $26

Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.36 by 16.67 percent. The company reported quarterly sales of $44.83 million which beat the analyst consensus estimate of $20.48 million by 118.95 percent. This is a 83.80 percent increase over sales of $24.39 million the same period last year.

Farmers & Merchants Q2 2024 Adj EPS $0.42 Beats $0.36 Estimate, Sales $44.83M Beat $20.48M Estimate

Piper Sandler analyst Justin Crowley assumes Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) with a Neutral rating and announces Price Target of $24.

Initiation

Piper Sandler Assumes Farmers & Merchants at Neutral, Announces Price Target of $24

U.S. stocks were lower, with the Dow Jones index falling over 250 points on Tuesday.
Shares of Shoals Technologies Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) rose sharply during Monday's session after the company authorized a share repurchase program of up to $150 million and entered into a $25 million accelerated share repurchase agreement with Jefferies.
Shoals Technologies Group shares climbed 10% to $7.49 on Tuesday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) shares jumped 14.1% to $28.50 after the company reported second-quarter financial results.</li>
<li>Olaplex Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLPX#NASDAQ">OLPX</a>) jumped 8.9% to $1.8350.</li>
<li>Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) gained 8.8% to $47.74. RBC Capital analyst Brian Abrahams maintained Corbus Pharmaceuticals with an Outperform and raised the price target from $77 to $82.</li>
<li>Pharming Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) jumped 7.3% to $8.81.</li>
<li>Perion Network Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) rose 7% to $9.21. Perion Network shares tumbled around 30% on Monday after the company cut its revenue outlook.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) jumped 6.4% to $9.02. AST SpaceMobile filed for resale of up to 10.45 million class A common shares by selling stockholder.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) gained 6.4% to $18.88.</li>
<li>Farmers &amp; Merchants Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) rose 5.7% to $23.99.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) gained 5.4% to $32.08 after Apple announced Affirm&#8217;s payment products are expected to be available to Apple Pay users in the US later this year.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) gained 4.6% to $13.76. V.F. President and CEO Bracken Darrell bought a total of 75,200 shares at an average price of $13.26.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose 3.4% to $199.70. Apple revealed its plans to integrate Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Gemini AI model into its Apple Intelligence feature set. Apple also announced Affirm's payment products are expected to be available to Apple Pay users in the U.S. later this year.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39269848/alphabet-to-rally-over-28-here-are-10-top-analyst-forecasts-for-tuesday">Alphabet To Rally Over 28%? Here Are 10 Top Analyst Forecasts For Tuesday</a>

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Shoals Technologies, Affirm Holdings, Apple And Other Big Stocks Moving Higher On Tuesday

F&amp;M Bank ("F&amp;M"), an Archbold, Ohio-based bank owned by Farmers &amp; Merchants Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) announced the appointment of Andrew Briggs as Chairman of the Board of both the Company and the Bank. As part of F&amp;M's comprehensive succession plan, current Board Chairman Jack Johnson will retire later this month after reaching the maximum age requirement as set forth in F&amp;M's bylaws. Kevin Sauder, President and CEO of Sauder Woodworking Company, will continue to serve as Vice Chairman of the Boards of Farmers &amp; Merchants Bancorp, Inc. and F&amp;M Bank. &nbsp;
Lars Eller, President and Chief Executive Officer, commented, "On behalf of everyone at F&amp;M, I want to thank Jack for his long-standing service to the Company. As a member of our board since 1991, Jack has provided valuable leadership and guidance to the Company. I wish him all the best on his retirement from F&amp;M."
Mr. Briggs, age 69, has served as a director of Farmers &amp; Merchants Bancorp, Inc., and F&amp;M Bank since 2019, and serves on the Enterprise Risk Management Board Committee. He brings 40-plus years of banking experience to F&amp;M, and was the former Chairman of Limberlost Bancshares, Inc. and President of its wholly-owned subsidiary, Bank of Geneva. Limberlost Bancshares, Inc. merged into F&amp;M on January 1, 2019.
Lars Eller, President and Chief Executive Officer, lauds Mr. Briggs' appointment, remarking, "Having a leader of Andrew's caliber at the helm of our Boards exemplifies F&amp;M's steadfast commitments to our people and our passions. Today's announcement also demonstrates our comprehensive succession plan and multi-year commitment to add new members to our Board of Directors. Of our 13 current board members, over half have joined our Board since 2016. I look forward to Andrew's continued counsel and commitment to F&amp;M, as our management team and Board work together to create long-term value for our shareholders."
Mr. Briggs is a proven banker, leader, and community advocate. He was the 2019 Chairman of the Indiana Bankers Associations and is a member of the Indiana Bankers 40 Year Club. In 2019, he was honored with the Sagamore of the Wabash Award by Indiana Governor, Eric J. Holcomb, and in August 2022, he was a recipient of the Indiana Bankers Association Leadership in Banking Excellence Award.
As an active member in his community, Mr. Briggs is Treasurer of the Indiana State Museum, corporate secretary of Limberlost State Historic Site, a current Director and past Treasurer of the Northeast Indiana Regional Development Authority, Director of the READI Commission for Northeast Indiana Region, Treasurer of Adams County Economic Development Corporation, and Treasurer of the Adams Public Library System. Additionally, he is past President of the Geneva Town Council.
Mr. Briggs is a proud alumnus of Ball State University. His comprehensive background in banking and corporate stewardship equips him to offer invaluable insight on industry dynamics, business expansion, and community enrichment to the Board.

Management

Farmers & Merchants Bancorp, Inc. and F&M Bank Appoints Andrew Briggs As Chairman; Jack Johnson Will Retire Later This Month After Reaching The Maximum Age Requirement As Set Forth In F&M's Bylaws

Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.35 by 11.43 percent. This is a 17.02 percent decrease over earnings of $0.47 per share from the same period last year.

Farmers & Merchants Q1 EPS $0.39 Beats $0.35 Estimate

Hovde Group analyst Brendan Nosal initiates coverage on Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) with a Market Perform rating.

Hovde Group Initiates Coverage On Farmers & Merchants with Market Perform Rating

Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.31 by 32.26 percent. This is a 36.92 percent decrease over earnings of $0.65 per share from the same period last year.

Farmers & Merchants Q4 EPS $0.41 Beats $0.31 Estimate

Farmers & Merchants Bancorp Board Authorized Repurchase Of Up To 650,000 shares Of Its Outstanding Common Stock; From January 16, 2024 To December 31, 2024

Wednesday marks the last chance for investors to receive the next dividend payout from Farmers &amp; Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 22 cents per share. On Thursday, Farmers &amp; Merchants will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 22 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own FMAO as of the end of Wednesday's session are eligible to receive the 22 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 20, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Farmers & Merchants: Dividend Insights

The Board of Directors of Farmers &amp; Merchants Bancorp, Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) the holding company of F&amp;M Bank, with total assets of $3.235 billion at September 30, 2023, today announced that it has approved a 4.8% year-over-year increase in the Company's quarterly cash dividend. &nbsp;
The new cash dividend has been raised to $0.22 per share from the previous dividend of $0.21 per share for the same period last year. This represents the 29th consecutive annual increase in the Company's regular dividend payment since 1994. The fourth-quarter dividend is payable on January 20, 2024, to shareholders of record as of December 29, 2023.
Lars B. Eller, President and Chief Executive Officer stated, "F&amp;M is committed to returning capital back to shareholders through its long-standing dividend program, which is a testament to our strong financial results and the value we provide our communities. With 29 consecutive years of annual dividend increases, I am proud that F&amp;M has established one of the longest track records of consecutive dividend increases for publicly traded banks."

Farmers & Merchants Bancorp, Inc. Raises The 2023 Q4 Cash Dividend By 4.8% From $0.21 To $0.22 Per Share

Press Releases

Farmers & Merchants Bancorp, Inc. Declares 2024 Fourth-Quarter Cash Dividend

F&M Bank Announces Key Leadership Promotions and Strategic Focus for the Future

F&M Bank Welcomes Peter Schork as Market President for Toledo, OH & Birmingham, MI

F&M Bank Welcomes Peter Schork as Regional President for Toledo, Ohio & Southeast Michigan

Farmers & Merchants Bancorp, Inc. Reports 2024 Fourth-Quarter and Full-Year Financial Results

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