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

Company Overview

Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, bill-pay, on-line statement opportunities, and remote deposit capture or electronic deposit processing. Additionally, the company offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.

Key Stats

• Today's Range: $26.67 to $27.93
• 50-Day Range: $23.77 to $28.21
• 52-Week Range: $16.90 to $28.75
• Volume: 104,311 shs
• Average Volume: 27,579 shs
• Market Capitalization: $376.67 million
• P/E Ratio: 17.31
• Dividend Yield: 3.20%
• Price Target: $24.00
• Consensus Rating: Hold

Farmers & Merchants Bancorp Stock Analysis - MarketRank™

Farmers & Merchants Bancorp scored higher than 39% of companies evaluated by MarketBeat, and ranked 749th out of 904 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: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Farmers & Merchants Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Farmers & Merchants Bancorp has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.58%

Earnings Growth

Earnings for Farmers & Merchants Bancorp are expected to grow by 12.58% in the coming year, from $1.59 to $1.79 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Farmers & Merchants Bancorp is 17.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Farmers & Merchants Bancorp is 17.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.06.

Price to Book Value per Share Ratio

Farmers & Merchants Bancorp has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.76% 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 5.5.

Change versus previous month

Short interest in Farmers & Merchants Bancorp has recently increased by 14.81%, 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 3.28%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Farmers & Merchants Bancorp has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of Farmers & Merchants Bancorp is 55.35%. 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 49.16% 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

1.76% 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 5.5.

Change versus previous month

Short interest in Farmers & Merchants Bancorp has recently increased by 14.81%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: N/A
• News Sentiment: N/A

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 7.76% 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 $24.80 on January 1st, 2024. Since then, FMAO shares have increased by 11.0% and is now trading at $27.53.
View the best growth stocks for 2024 here.

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

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) issued its earnings results on Thursday, August, 1st. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. The financial services provider had revenue of $44.83 million for the quarter, compared to the consensus estimate of $24.39 million. Farmers & Merchants Bancorp had a trailing twelve-month return on equity of 6.79% and a net margin of 12.59%.

When did Farmers & Merchants Bancorp's stock split?

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

Who are Farmers & Merchants Bancorp's major shareholders?

Farmers & Merchants Bancorp's top institutional investors include The Manufacturers Life Insurance Company (2.33%), Dimensional Fund Advisors LP (0.86%), Bank of New York Mellon Corp (0.40%) and Perritt Capital Management Inc (0.05%). Insiders that own company stock include David P Vernon, Jo Ellen Hornish, Steven J Planson, Eugene N Burkholder and Ian D Boyce.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

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 Marathon Petroleum (MPC), McDonald's (MCD), Columbia Banking System (COLB), Invesco (IVZ), International Business Machines (IBM), ONEOK (OKE) and Verizon Communications (VZ).

Company Calendar

• Ex-Dividend for 7/20 Dividend: 7/05/2024
• Dividend Payable: 7/20/2024
• Last Earnings: 8/01/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

• Average Stock Price Target: $24.00
• High Stock Price Target: $26.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: -12.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.59
• Trailing P/E Ratio: 17.31
• Forward P/E Ratio: 17.31
• P/E Growth: N/A
• Net Income: $22.79 million
• Net Margins: 12.59%
• Pretax Margin: 15.74%
• Return on Equity: 6.79%
• Return on Assets: 0.65%

Debt

• Debt-to-Equity Ratio: 0.82
• Current Ratio: 1.00
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $93.69 million
• Price / Sales: 4.02
• Cash Flow: $2.04 per share
• Price / Cash Flow: 13.48
• Book Value: $23.16 per share
• Price / Book: 1.19

Miscellaneous

• Outstanding Shares: 13,682,000
• Free Float: 12,620,000
• Market Cap: $376.67 million
• Optionable: Optionable
• Beta: 0.63