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: $33.25 to $34.27
• 50-Day Range: $28.39 to $35.33
• 52-Week Range: $22.77 to $35.94
• Volume: 107,727 shs
• Average Volume: 91,547 shs
• Market Capitalization: $468.87 million
• P/E Ratio: 11.70
• Dividend Yield: 2.70%
• Price Target: $32.25
• Consensus Rating: Moderate Buy

Farmers & Merchants Bancorp Stock Analysis - MarketRank™

Farmers & Merchants Bancorp scored higher than 76% of companies evaluated by MarketBeat, and ranked 369th out of 837 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: 2.0 / 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 2.75, and is based on 1 strong buy rating, 1 buy rating, 2 hold ratings, and no sell ratings.

Downside Risk

Farmers & Merchants Bancorp has a consensus price target of $32.25, representing about 5.3% downside from its current price of $34.05.

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: 4.26%

Earnings Growth

Earnings for Farmers & Merchants Bancorp are expected to grow by 4.26% in the coming year, from $3.05 to $3.18 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Farmers & Merchants Bancorp is 11.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.75.

Price to Earnings Ratio vs. Sector

The P/E ratio of Farmers & Merchants Bancorp is 11.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 29.74.

Price to Book Value per Share Ratio

Farmers & Merchants Bancorp has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

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

Percentage of Shares Shorted

1.74% 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 2.88, 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 8.87%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Farmers & Merchants Bancorp pays a meaningful dividend of 2.70%, 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 31.62%. 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 28.93% next year. This indicates that Farmers & Merchants Bancorp will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.33

News Sentiment

Farmers & Merchants Bancorp has a news sentiment score of 0.33. 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 lower news sentiment than the 0.88 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Farmers & Merchants Bancorp this week, compared to 3 articles on an average week.

Search Interest

3 people have searched for FMAO on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

1 people have added Farmers & Merchants Bancorp to their MarketBeat watchlist in the last 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 26,198.44% more of their company's stock than they have bought. Specifically, they have bought $10,341.00 in company stock and sold $2,719,522.00 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 7/20 Dividend: 7/10/2026
• Ex-Dividend for 7/20 Dividend: 7/10/2026
• Dividend Payable: 7/20/2026
• Last Earnings: 7/27/2026
• Today: 8/23/2026
• Next Earnings (Estimated): 10/26/2026
• 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: 430
• Year Founded: 1897

Price Target and Rating

• Average Price Target for Farmers & Merchants Bancorp: $32.25
• High Price Target: $36.00
• Low Price Target: $28.50
• Potential Upside/Downside: -5.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.91
• Trailing P/E Ratio: 11.70
• Forward P/E Ratio: 11.16
• P/E Growth: N/A
• Net Income: $33.31 million
• Net Margins: 20.27%
• Pretax Margin: 25.91%
• Return on Equity: 10.72%
• Return on Assets: 1.16%

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $190.68 million
• Price / Sales: 2.46
• Cash Flow: $2.77 per share
• Price / Cash Flow: 12.30
• Book Value: $26.97 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 13,770,000
• Free Float: 12,768,000
• Market Cap: $468.87 million
• Optionable: Optionable
• Beta: 0.80