Farmers & Merchants Bancorp (FMAO) Stock Price, News & Analysis

Company Overview

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. Its lending portfolio encompasses commercial and agricultural loans, residential and commercial real estate financing, consumer loans and equipment financing. The company also provides treasury and cash management solutions designed to help small and mid-sized businesses manage liquidity and streamline operations.

Farmers & Merchants maintains a network of full-service branches and ATMs across central California, serving customers in Merced, Stanislaus and surrounding counties. The leadership team comprises experienced banking professionals with deep regional knowledge, focused on supporting local economic development and maintaining strong customer relationships rooted in community values.

Key Stats

• Today's Range: $23.30 to $24.42
• 50-Day Range: $23.67 to $26.81
• 52-Week Range: $20.88 to $34.15
• Volume: 19,816 shs
• Average Volume: 19,942 shs
• Market Capitalization: $320.32 million
• P/E Ratio: 10.81
• Dividend Yield: 3.90%
• Price Target: N/A
• Consensus Rating: Hold

Farmers & Merchants Bancorp Stock Analysis - MarketRank™

Farmers & Merchants Bancorp scored higher than 71% of companies evaluated by MarketBeat, and ranked 566th out of 947 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Farmers & Merchants Bancorp.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 10.99%

Earnings Growth

Earnings for Farmers & Merchants Bancorp are expected to grow by 10.99% in the coming year, from $1.82 to $2.02 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Farmers & Merchants Bancorp is 11.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 231.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Farmers & Merchants Bancorp is 11.02, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 29.84.

Price to Book Value per Share Ratio

Farmers & Merchants Bancorp has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.64% of the outstanding shares of Farmers & Merchants Bancorp have been sold short.

Short Interest Ratio / Days to Cover

Farmers & Merchants Bancorp has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Farmers & Merchants Bancorp has recently increased by 7.80%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Farmers & Merchants Bancorp is a leading dividend payer. It pays a dividend yield of 3.57%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Farmers & Merchants Bancorp has been increasing its dividend for 19 years.

Dividend Coverage

The dividend payout ratio of Farmers & Merchants Bancorp is 42.13%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Farmers & Merchants Bancorp will have a dividend payout ratio of 45.05% next year. This indicates that Farmers & Merchants Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.64% of the outstanding shares of Farmers & Merchants Bancorp have been sold short.

Short Interest Ratio / Days to Cover

Farmers & Merchants Bancorp has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Farmers & Merchants Bancorp has recently increased by 7.80%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.86

News Sentiment

Farmers & Merchants Bancorp has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Farmers & Merchants Bancorp this week, compared to 2 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Farmers & Merchants Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.30% of the stock of Farmers & Merchants Bancorp is held by insiders.

Percentage Held by Institutions

Only 23.96% of the stock of Farmers & Merchants Bancorp is held by institutions.

FMAO Stock Analysis - Frequently Asked Questions

How have FMAO shares performed this year?

Farmers & Merchants Bancorp's stock was trading at $29.45 on January 1st, 2025. Since then, FMAO stock has decreased by 19.2% and is now trading at $23.8050.

How were Farmers & Merchants Bancorp's earnings last quarter?

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) posted its quarterly earnings data on Monday, July, 28th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. The financial services provider earned $29.65 million during the quarter, compared to the consensus estimate of $28.67 million. Farmers & Merchants Bancorp had a net margin of 16.04% and a trailing twelve-month return on equity of 8.66%.

When did Farmers & Merchants Bancorp's stock split?

Shares of Farmers & Merchants Bancorp split before market open on Thursday, September 21st 2017.The 2-1 split was announced on Friday, August 18th 2017. The newly issued shares were payable to shareholders after the closing bell on Wednesday, September 20th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

How do I buy shares of Farmers & Merchants Bancorp?

Shares of FMAO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Farmers & Merchants Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Farmers & Merchants Bancorp investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Record date for 7/20 Dividend: 7/07/2025
• Ex-Dividend for 7/20 Dividend: 7/07/2025
• Dividend Payable: 7/20/2025
• Last Earnings: 7/28/2025
• Today: 10/10/2025
• Record date for 10/20 Dividend: 10/10/2025
• Ex-Dividend for 10/20 Dividend: 10/10/2025
• Dividend Payable: 10/20/2025
• Next Earnings (Estimated): 10/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:FMAO
• CIK: 792966
• Web: www.fm.bank
• Phone: (419) 446-2501
• Fax: N/A
• Employees: 430
• Year Founded: 1897

Profitability

• EPS (Trailing Twelve Months): $2.16
• Trailing P/E Ratio: 11.02
• Forward P/E Ratio: 13.08
• P/E Growth: N/A
• Net Income: $25.94 million
• Net Margins: 16.04%
• Pretax Margin: 20.13%
• Return on Equity: 8.66%
• Return on Assets: 0.88%

Debt

• Debt-to-Equity Ratio: 0.54
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $107.39 million
• Price / Sales: 3.04
• Cash Flow: $2.13 per share
• Price / Cash Flow: 11.19
• Book Value: $24.47 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 13,724,000
• Free Float: 12,722,000
• Market Cap: $326.70 million
• Optionable: Optionable
• Beta: 0.88