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

Company Overview

Farmers & Merchants Bancorp, Inc. is a bank holding company headquartered in Archbold, Ohio. Founded in 1897, the company operates through its principal subsidiary, The Farmers & Merchants State Bank, a community bank serving individuals, families, farmers and businesses.

The bank offers a range of traditional financial services, including checking and savings accounts, certificates of deposit, consumer and residential mortgage loans, commercial lending, agricultural loans and other business banking products. It also provides online and mobile banking services, along with treasury management and related financial solutions.

Farmers & Merchants State Bank serves communities primarily in northwest Ohio and neighboring areas of southeast Michigan and northeast Indiana through its branch network and digital banking channels. The company focuses on relationship-based banking and supporting the financial needs of the local households and businesses in its service areas.

Key Stats

• Today's Range: $35.08 to $36.82
• 50-Day Range: $33.68 to $37.11
• 52-Week Range: $22.91 to $37.60
• Volume: 19,070 shs
• Average Volume: 62,685 shs
• Market Capitalization: $504.28 million
• P/E Ratio: 11.77
• Dividend Yield: 2.62%
• Price Target: $33.75
• Consensus Rating: Moderate Buy

Farmers & Merchants Bancorp Stock Analysis - MarketRank™

Farmers & Merchants Bancorp scored higher than 79% of companies evaluated by MarketBeat, and ranked 320th out of 859 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: 1.9 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Farmers & Merchants Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 strong buy rating, no buy ratings, 3 hold ratings, and no sell ratings.

Downside Risk

Farmers & Merchants Bancorp has a consensus price target of $33.75, representing about 8.2% downside from its current price of $36.76.

Amount of Analyst Coverage

Farmers & Merchants Bancorp has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.90%

Earnings Growth

Earnings for Farmers & Merchants Bancorp are expected to grow by 5.90% in the coming year, from $3.22 to $3.41 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Farmers & Merchants Bancorp is 11.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Farmers & Merchants Bancorp is 11.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.14.

Price to Book Value per Share Ratio

Farmers & Merchants Bancorp has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.68% of the float of Farmers & Merchants Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Farmers & Merchants Bancorp has a short interest ratio ("days to cover") of 5.73.

Change versus previous month

Short interest in Farmers & Merchants Bancorp has recently decreased by 7.86%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Farmers & Merchants Bancorp pays a meaningful dividend of 2.63%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

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

Dividend Coverage

The dividend payout ratio of Farmers & Merchants Bancorp is 30.87%. 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 28.15% next year. This indicates that Farmers & Merchants Bancorp will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.09

News Sentiment

Farmers & Merchants Bancorp has a news sentiment score of 1.09. 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 is a higher news sentiment than the 0.67 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Farmers & Merchants Bancorp this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 1 people have added Farmers & Merchants Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.0 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Farmers & Merchants Bancorp insiders have sold 8,075.32% more of their company's stock than they have bought. Specifically, they have bought $10,341.00 in company stock and sold $845,410.00 in company stock.

Percentage Held by Insiders

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

Percentage Held by Institutions

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

Company Calendar

• Record date for 10/20 Dividend: 10/09/2026
• Ex-Dividend for 10/20 Dividend: 10/09/2026
• Dividend Payable: 10/20/2026
• Last Earnings: 10/22/2026
• Today: 11/03/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:FMAO
• CIK: 792966
• Web: www.fm.bank
• Phone: (419) 446-2501
• Fax: N/A
• Employees: 477
• Year Founded: 1897

Price Target and Rating

• Average Price Target for Farmers & Merchants Bancorp: $33.75
• High Price Target: $39.00
• Low Price Target: $28.50
• Potential Upside/Downside: -7.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.11
• Trailing P/E Ratio: 11.81
• Forward P/E Ratio: 10.74
• P/E Growth: N/A
• Net Income: $33.31 million
• Net Margins: 21.30%
• Pretax Margin: 27.01%
• Return on Equity: 11.25%
• Return on Assets: 1.22%

Debt

• Debt-to-Equity Ratio: 0.43
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $190.68 million
• Price / Sales: 2.64
• Cash Flow: $2.77 per share
• Price / Cash Flow: 13.21
• Book Value: $28.12 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 13,760,000
• Free Float: 12,756,000
• Market Cap: $504.03 million
• Optionable: Optionable
• Beta: 0.81