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Farmers & Merchants Bancorp (FMAO) Competitors

Farmers & Merchants Bancorp logo
$30.56 +0.09 (+0.30%)
Closing price 06/29/2026 04:00 PM Eastern
Extended Trading
$30.55 -0.01 (-0.05%)
As of 06:34 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

FMAO vs. FBIZ, FCBC, FMBH, GABC, and HBCP

Should you buy Farmers & Merchants Bancorp stock or one of its competitors? MarketBeat compares Farmers & Merchants Bancorp with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Farmers & Merchants Bancorp include First Business Financial Services (FBIZ), First Community Bancshares (FCBC), First Mid Bancshares (FMBH), German American Bancorp (GABC), and Home Bancorp (HBCP). These companies are all part of the "finance" sector.

How does Farmers & Merchants Bancorp compare to First Business Financial Services?

Farmers & Merchants Bancorp (NASDAQ:FMAO) and First Business Financial Services (NASDAQ:FBIZ) are both small-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their risk, earnings, valuation, profitability, dividends, institutional ownership, analyst recommendations and media sentiment.

In the previous week, Farmers & Merchants Bancorp had 5 more articles in the media than First Business Financial Services. MarketBeat recorded 7 mentions for Farmers & Merchants Bancorp and 2 mentions for First Business Financial Services. First Business Financial Services' average media sentiment score of 1.17 beat Farmers & Merchants Bancorp's score of -0.32 indicating that First Business Financial Services is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Farmers & Merchants Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
First Business Financial Services
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Farmers & Merchants Bancorp has a beta of 0.82, suggesting that its share price is 18% less volatile than the broader market. Comparatively, First Business Financial Services has a beta of 0.68, suggesting that its share price is 32% less volatile than the broader market.

First Business Financial Services has higher revenue and earnings than Farmers & Merchants Bancorp. First Business Financial Services is trading at a lower price-to-earnings ratio than Farmers & Merchants Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Farmers & Merchants Bancorp$190.68M2.21$33.31M$2.6111.71
First Business Financial Services$279.25M1.89$50.32M$6.0710.41

24.0% of Farmers & Merchants Bancorp shares are held by institutional investors. Comparatively, 60.1% of First Business Financial Services shares are held by institutional investors. 7.3% of Farmers & Merchants Bancorp shares are held by insiders. Comparatively, 5.0% of First Business Financial Services shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Farmers & Merchants Bancorp presently has a consensus target price of $30.25, suggesting a potential downside of 1.01%. First Business Financial Services has a consensus target price of $65.50, suggesting a potential upside of 3.62%. Given First Business Financial Services' stronger consensus rating and higher probable upside, analysts plainly believe First Business Financial Services is more favorable than Farmers & Merchants Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Farmers & Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25
First Business Financial Services
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
3.25

Farmers & Merchants Bancorp has a net margin of 18.54% compared to First Business Financial Services' net margin of 18.16%. First Business Financial Services' return on equity of 14.60% beat Farmers & Merchants Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Farmers & Merchants Bancorp18.54% 9.85% 1.05%
First Business Financial Services 18.16%14.60%1.25%

Farmers & Merchants Bancorp pays an annual dividend of $0.92 per share and has a dividend yield of 3.0%. First Business Financial Services pays an annual dividend of $1.36 per share and has a dividend yield of 2.2%. Farmers & Merchants Bancorp pays out 35.2% of its earnings in the form of a dividend. First Business Financial Services pays out 22.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Farmers & Merchants Bancorp has increased its dividend for 19 consecutive years and First Business Financial Services has increased its dividend for 13 consecutive years. Farmers & Merchants Bancorp is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Summary

First Business Financial Services beats Farmers & Merchants Bancorp on 12 of the 20 factors compared between the two stocks.

How does Farmers & Merchants Bancorp compare to First Community Bancshares?

Farmers & Merchants Bancorp (NASDAQ:FMAO) and First Community Bancshares (NASDAQ:FCBC) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their earnings, profitability, dividends, institutional ownership, valuation, analyst recommendations, risk and media sentiment.

Farmers & Merchants Bancorp has a beta of 0.82, suggesting that its share price is 18% less volatile than the broader market. Comparatively, First Community Bancshares has a beta of 0.48, suggesting that its share price is 52% less volatile than the broader market.

Farmers & Merchants Bancorp pays an annual dividend of $0.92 per share and has a dividend yield of 3.0%. First Community Bancshares pays an annual dividend of $1.24 per share and has a dividend yield of 2.8%. Farmers & Merchants Bancorp pays out 35.2% of its earnings in the form of a dividend. First Community Bancshares pays out 46.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Farmers & Merchants Bancorp has increased its dividend for 19 consecutive years and First Community Bancshares has increased its dividend for 13 consecutive years. Farmers & Merchants Bancorp is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Farmers & Merchants Bancorp presently has a consensus target price of $30.25, suggesting a potential downside of 1.01%. Given Farmers & Merchants Bancorp's higher possible upside, research analysts plainly believe Farmers & Merchants Bancorp is more favorable than First Community Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Farmers & Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25
First Community Bancshares
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.50

First Community Bancshares has a net margin of 25.89% compared to Farmers & Merchants Bancorp's net margin of 18.54%. First Community Bancshares' return on equity of 10.44% beat Farmers & Merchants Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Farmers & Merchants Bancorp18.54% 9.85% 1.05%
First Community Bancshares 25.89%10.44%1.60%

24.0% of Farmers & Merchants Bancorp shares are owned by institutional investors. Comparatively, 35.0% of First Community Bancshares shares are owned by institutional investors. 7.3% of Farmers & Merchants Bancorp shares are owned by company insiders. Comparatively, 3.7% of First Community Bancshares shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

In the previous week, Farmers & Merchants Bancorp had 6 more articles in the media than First Community Bancshares. MarketBeat recorded 7 mentions for Farmers & Merchants Bancorp and 1 mentions for First Community Bancshares. First Community Bancshares' average media sentiment score of 0.93 beat Farmers & Merchants Bancorp's score of -0.32 indicating that First Community Bancshares is being referred to more favorably in the news media.

Company Overall Sentiment
Farmers & Merchants Bancorp Neutral
First Community Bancshares Positive

First Community Bancshares has lower revenue, but higher earnings than Farmers & Merchants Bancorp. Farmers & Merchants Bancorp is trading at a lower price-to-earnings ratio than First Community Bancshares, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Farmers & Merchants Bancorp$190.68M2.21$33.31M$2.6111.71
First Community Bancshares$185.42M4.55$48.79M$2.6516.87

Summary

First Community Bancshares beats Farmers & Merchants Bancorp on 10 of the 18 factors compared between the two stocks.

How does Farmers & Merchants Bancorp compare to First Mid Bancshares?

Farmers & Merchants Bancorp (NASDAQ:FMAO) and First Mid Bancshares (NASDAQ:FMBH) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitability, analyst recommendations, institutional ownership, dividends, risk, earnings, media sentiment and valuation.

First Mid Bancshares has higher revenue and earnings than Farmers & Merchants Bancorp. Farmers & Merchants Bancorp is trading at a lower price-to-earnings ratio than First Mid Bancshares, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Farmers & Merchants Bancorp$190.68M2.21$33.31M$2.6111.71
First Mid Bancshares$466.04M2.73$91.75M$3.9712.06

24.0% of Farmers & Merchants Bancorp shares are held by institutional investors. Comparatively, 47.6% of First Mid Bancshares shares are held by institutional investors. 7.3% of Farmers & Merchants Bancorp shares are held by company insiders. Comparatively, 6.0% of First Mid Bancshares shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Farmers & Merchants Bancorp pays an annual dividend of $0.92 per share and has a dividend yield of 3.0%. First Mid Bancshares pays an annual dividend of $1.00 per share and has a dividend yield of 2.1%. Farmers & Merchants Bancorp pays out 35.2% of its earnings in the form of a dividend. First Mid Bancshares pays out 25.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Farmers & Merchants Bancorp has increased its dividend for 19 consecutive years and First Mid Bancshares has increased its dividend for 3 consecutive years. Farmers & Merchants Bancorp is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

First Mid Bancshares has a net margin of 19.95% compared to Farmers & Merchants Bancorp's net margin of 18.54%. First Mid Bancshares' return on equity of 10.44% beat Farmers & Merchants Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Farmers & Merchants Bancorp18.54% 9.85% 1.05%
First Mid Bancshares 19.95%10.44%1.23%

Farmers & Merchants Bancorp presently has a consensus target price of $30.25, indicating a potential downside of 1.01%. First Mid Bancshares has a consensus target price of $49.50, indicating a potential upside of 3.43%. Given First Mid Bancshares' stronger consensus rating and higher possible upside, analysts clearly believe First Mid Bancshares is more favorable than Farmers & Merchants Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Farmers & Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25
First Mid Bancshares
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, Farmers & Merchants Bancorp had 6 more articles in the media than First Mid Bancshares. MarketBeat recorded 7 mentions for Farmers & Merchants Bancorp and 1 mentions for First Mid Bancshares. First Mid Bancshares' average media sentiment score of 1.43 beat Farmers & Merchants Bancorp's score of -0.32 indicating that First Mid Bancshares is being referred to more favorably in the news media.

Company Overall Sentiment
Farmers & Merchants Bancorp Neutral
First Mid Bancshares Positive

Farmers & Merchants Bancorp has a beta of 0.82, suggesting that its stock price is 18% less volatile than the broader market. Comparatively, First Mid Bancshares has a beta of 0.8, suggesting that its stock price is 20% less volatile than the broader market.

Summary

First Mid Bancshares beats Farmers & Merchants Bancorp on 14 of the 19 factors compared between the two stocks.

How does Farmers & Merchants Bancorp compare to German American Bancorp?

German American Bancorp (NASDAQ:GABC) and Farmers & Merchants Bancorp (NASDAQ:FMAO) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, analyst recommendations, media sentiment, dividends, risk, earnings, valuation and institutional ownership.

German American Bancorp has higher revenue and earnings than Farmers & Merchants Bancorp. Farmers & Merchants Bancorp is trading at a lower price-to-earnings ratio than German American Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
German American Bancorp$487.40M3.63$112.64M$3.6113.04
Farmers & Merchants Bancorp$190.68M2.21$33.31M$2.6111.71

German American Bancorp has a beta of 0.59, indicating that its share price is 41% less volatile than the broader market. Comparatively, Farmers & Merchants Bancorp has a beta of 0.82, indicating that its share price is 18% less volatile than the broader market.

German American Bancorp presently has a consensus target price of $47.67, suggesting a potential upside of 1.27%. Farmers & Merchants Bancorp has a consensus target price of $30.25, suggesting a potential downside of 1.01%. Given German American Bancorp's stronger consensus rating and higher possible upside, research analysts plainly believe German American Bancorp is more favorable than Farmers & Merchants Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
German American Bancorp
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.75
Farmers & Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25

German American Bancorp has a net margin of 27.09% compared to Farmers & Merchants Bancorp's net margin of 18.54%. German American Bancorp's return on equity of 11.98% beat Farmers & Merchants Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
German American Bancorp27.09% 11.98% 1.62%
Farmers & Merchants Bancorp 18.54%9.85%1.05%

In the previous week, Farmers & Merchants Bancorp had 6 more articles in the media than German American Bancorp. MarketBeat recorded 7 mentions for Farmers & Merchants Bancorp and 1 mentions for German American Bancorp. German American Bancorp's average media sentiment score of 0.94 beat Farmers & Merchants Bancorp's score of -0.32 indicating that German American Bancorp is being referred to more favorably in the media.

Company Overall Sentiment
German American Bancorp Positive
Farmers & Merchants Bancorp Neutral

German American Bancorp pays an annual dividend of $1.24 per share and has a dividend yield of 2.6%. Farmers & Merchants Bancorp pays an annual dividend of $0.92 per share and has a dividend yield of 3.0%. German American Bancorp pays out 34.3% of its earnings in the form of a dividend. Farmers & Merchants Bancorp pays out 35.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. German American Bancorp has raised its dividend for 13 consecutive years and Farmers & Merchants Bancorp has raised its dividend for 19 consecutive years. Farmers & Merchants Bancorp is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

46.9% of German American Bancorp shares are held by institutional investors. Comparatively, 24.0% of Farmers & Merchants Bancorp shares are held by institutional investors. 3.2% of German American Bancorp shares are held by insiders. Comparatively, 7.3% of Farmers & Merchants Bancorp shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Summary

German American Bancorp beats Farmers & Merchants Bancorp on 14 of the 19 factors compared between the two stocks.

How does Farmers & Merchants Bancorp compare to Home Bancorp?

Farmers & Merchants Bancorp (NASDAQ:FMAO) and Home Bancorp (NASDAQ:HBCP) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, media sentiment, profitability, earnings, institutional ownership, valuation, dividends and risk.

Farmers & Merchants Bancorp pays an annual dividend of $0.92 per share and has a dividend yield of 3.0%. Home Bancorp pays an annual dividend of $1.24 per share and has a dividend yield of 1.8%. Farmers & Merchants Bancorp pays out 35.2% of its earnings in the form of a dividend. Home Bancorp pays out 20.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Farmers & Merchants Bancorp has raised its dividend for 19 consecutive years and Home Bancorp has raised its dividend for 10 consecutive years. Farmers & Merchants Bancorp is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Farmers & Merchants Bancorp has a beta of 0.82, suggesting that its share price is 18% less volatile than the broader market. Comparatively, Home Bancorp has a beta of 0.5, suggesting that its share price is 50% less volatile than the broader market.

24.0% of Farmers & Merchants Bancorp shares are held by institutional investors. Comparatively, 49.4% of Home Bancorp shares are held by institutional investors. 7.3% of Farmers & Merchants Bancorp shares are held by insiders. Comparatively, 6.2% of Home Bancorp shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Farmers & Merchants Bancorp currently has a consensus price target of $30.25, indicating a potential downside of 1.01%. Home Bancorp has a consensus price target of $65.50, indicating a potential downside of 4.96%. Given Farmers & Merchants Bancorp's higher possible upside, equities analysts clearly believe Farmers & Merchants Bancorp is more favorable than Home Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Farmers & Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25
Home Bancorp
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.60

Home Bancorp has a net margin of 22.18% compared to Farmers & Merchants Bancorp's net margin of 18.54%. Home Bancorp's return on equity of 10.86% beat Farmers & Merchants Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Farmers & Merchants Bancorp18.54% 9.85% 1.05%
Home Bancorp 22.18%10.86%1.32%

In the previous week, Farmers & Merchants Bancorp had 3 more articles in the media than Home Bancorp. MarketBeat recorded 7 mentions for Farmers & Merchants Bancorp and 4 mentions for Home Bancorp. Home Bancorp's average media sentiment score of 0.76 beat Farmers & Merchants Bancorp's score of -0.32 indicating that Home Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Farmers & Merchants Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Home Bancorp
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Home Bancorp has higher revenue and earnings than Farmers & Merchants Bancorp. Home Bancorp is trading at a lower price-to-earnings ratio than Farmers & Merchants Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Farmers & Merchants Bancorp$190.68M2.21$33.31M$2.6111.71
Home Bancorp$209.23M2.58$46.06M$5.9511.58

Summary

Home Bancorp beats Farmers & Merchants Bancorp on 12 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FMAO and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FMAO vs. The Competition

MetricFarmers & Merchants BancorpBANKS IndustryFinance SectorNASDAQ Exchange
Market Cap$419.52M$1.20B$13.88B$12.20B
Dividend Yield3.02%2.48%5.69%6.22%
P/E Ratio11.7119.3220.4724.54
Price / Sales2.212.61129.70100.81
Price / Cash11.0025.8919.6736.93
Price / Book1.131.282.256.49
Net Income$33.31M$75.93M$1.14B$336.61M
7 Day Performance4.55%1.58%0.73%1.20%
1 Month Performance9.42%5.77%1.42%0.20%
1 Year Performance20.89%30.58%14.52%30.15%

Farmers & Merchants Bancorp Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FMAO
Farmers & Merchants Bancorp
3.1707 of 5 stars
$30.56
+0.3%
$30.25
-1.0%
+20.7%$419.52M$190.68M11.71430
FBIZ
First Business Financial Services
4.4034 of 5 stars
$60.40
+0.1%
$65.50
+8.4%
+24.2%$504.58M$172.08M9.95340
FCBC
First Community Bancshares
2.4341 of 5 stars
$43.86
+1.0%
N/A+12.8%$819.21M$161.08M16.55630
FMBH
First Mid Bancshares
3.848 of 5 stars
$46.08
+0.5%
$49.50
+7.4%
+25.2%$1.22B$355.25M11.611,170
GABC
German American Bancorp
3.7861 of 5 stars
$45.32
+0.7%
$47.67
+5.2%
+20.4%$1.69B$487.40M12.551,020

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This page (NASDAQ:FMAO) was last updated on 6/30/2026 by MarketBeat.com Staff.
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