FMAO Stock Drops 2.5% as Insider-Sale Filing Puts Quiet Ohio Bank on Watch
Farmers & Merchants Bancorp shares fell 2.5% to $27.35 in late-morning trading Wednesday, tracking declines across regional banks. The drop put the stock near its March 31 book value of $27.30 per share. The latest company news was a June 1 Form 144 notice for a proposed insider sale of 15,000 shares by director Andrew J. Briggs. No new operating results have been released since April.