Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) director Andrew J. Briggs executed a sale of 3,000 shares of the company's common stock on June 5, 2026. The transaction totaled $83,430, with each share disposed of at a price of $27.81. Following the sale, Briggs directly holds 201,550 shares of Farmers & Merchants Bancorp common stock.
The insider transaction occurs as FMAO shares have delivered strong performance, gaining 27% over the past year. The stock currently trades at $28.09, which is near the InvestingPro Fair Value estimate of $28.19. The sale by Briggs represents a direct disposal of shares, reducing his direct ownership stake in the regional banking entity.
In parallel corporate developments, Farmers & Merchants Bancorp, Inc. held its Annual Meeting of Shareholders. During the meeting, shareholders re-elected eleven directors to serve until the 2027 Annual Meeting. The re-elected directors include Ahmed Alomari, Ian D. Boyce, Andrew J. Briggs, Lars B. Eller, Kevin G. Frey, Lori A. Johnston, Marcia S. Latta, Steven J. Planson, Kevin J. Sauder, Frank R. Simon, and David P. Vernon.
Additionally, the company announced a 4% increase in its quarterly cash dividend. The new dividend is set at $0.23 per share, payable on April 20, 2026. This dividend adjustment reflects ongoing capital allocation strategies within the financial sector.
In corporate updates, F&M Bank, a subsidiary of Farmers & Merchants Bancorp, promoted Shalini Singhal to Chief Information and Technology Officer. Singhal, who has been with the bank for nearly six years, will now oversee technology strategy, digital initiatives, and cybersecurity operations. These developments reflect ongoing strategic and operational changes within the company, particularly in technology leadership and governance structures.