Education
About Us
Working with TipRanks
Follow Us
Farmers & Merchants Bancorp Inc (FMAO)
NASDAQ:FMAO
FMAO Stock Chart & Stats
$26.43
-$0.16(-0.60%)
At close: 4:00 PM EST
$26.43
-$0.16(-0.60%)
Day’s Range― - ―
52-Week Range$20.88 - $29.83
Previous CloseN/A
Volume1.98K
Average Volume (3M)22.27K
Market Cap
$363.36M
Enterprise Value$561.10M
Total Cash (Recent Filing)$519.32M
Total Debt (Recent Filing)$300.03M
Price to Earnings (P/E)10.2
Beta0.97
Next Earnings
Apr 22, 2026EPS Estimate
0.68Next Dividend Ex-DateN/A
Dividend Yield3.18%
Share Statistics
EPS (TTM)0.71
Shares Outstanding13,748,074
10 Day Avg. Volume19,130
30 Day Avg. Volume22,273
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.92
Price to Sales (P/S)1.79
P/FCF Ratio9.80
Enterprise Value/Market Cap1.54
Enterprise Value/Revenue2.99
Enterprise Value/Gross Profit4.81
Enterprise Value/Ebitda11.74
Forecast
1Y Price Target
$29.00Price Target Upside9.72% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.8
Revenue Forecast (FY)$129.88M
Bulls Say, Bears Say
Bulls Say
Consistent Multi-year Revenue And Earnings GrowthSustained revenue and earnings expansion over multiple years indicates durable franchise growth and rising scale in core banking activities. That scale supports diversified net interest and fee income, improves absorption of fixed costs, and underpins investment capacity and resilience over the next several months.
Strengthened Capital And Expanding Asset BaseMeaningful equity build alongside asset growth provides regulatory and loss-absorption buffers, enabling measured balance-sheet expansion. Improved equity and scale increase lending capacity, support strategic initiatives, and reduce the likelihood of forced capital actions in the medium term.
Board-authorized Share Repurchase ProgramA formal repurchase authorization signals management confidence and disciplined capital allocation. Executed repurchases can sustainably boost EPS and return on equity over the program term, align capital deployment with shareholder value, and provide a flexible tool for long-term capital management.
Bears Say
Sharp TTM Cash-flow DeteriorationA collapse in operating cash flow and negative free cash flow weakens earnings quality and reduces internal funding for lending, dividends, or buybacks. Persistent weak cash conversion raises reliance on external funding and creates timing risk for capital plans and liquidity over coming quarters.
Sizable Outstanding Debt And Still-elevated LeverageAlthough leverage has improved, the remaining debt stock and a debt/equity near 0.8 constrain flexibility and increase interest expense sensitivity. Elevated leverage limits capacity to absorb credit stress and could restrict growth or capital return options if funding costs rise or credit costs spike.
Margins Compressed Versus Peak YearsDespite healthy current margins, a clear gap from prior peak profitability suggests structural pressure from funding costs, pricing competition, or mix shifts. Sustained margin compression would dampen return on equity and slow internal capital generation critical for medium-term growth and resilience.
Farmers & Merchants Bancorp News
FMAO FAQ
What was Farmers & Merchants Bancorp Inc’s price range in the past 12 months?
Farmers & Merchants Bancorp Inc lowest stock price was $20.88 and its highest was $29.83 in the past 12 months.
What is Farmers & Merchants Bancorp Inc’s market cap?
Farmers & Merchants Bancorp Inc’s market cap is $363.36M.
When is Farmers & Merchants Bancorp Inc’s upcoming earnings report date?
Farmers & Merchants Bancorp Inc’s upcoming earnings report date is Apr 22, 2026 which is in 48 days.
How were Farmers & Merchants Bancorp Inc’s earnings last quarter?
Farmers & Merchants Bancorp Inc released its earnings results on Feb 12, 2026. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.655 by $0.055.
Is Farmers & Merchants Bancorp Inc overvalued?
According to Wall Street analysts Farmers & Merchants Bancorp Inc’s price is currently Undervalued.
Does Farmers & Merchants Bancorp Inc pay dividends?
Farmers & Merchants Bancorp Inc pays a Quarterly dividend of $0.228 which represents an annual dividend yield of 3.18%. See more information on Farmers & Merchants Bancorp Inc dividends here
What is Farmers & Merchants Bancorp Inc’s EPS estimate?
Farmers & Merchants Bancorp Inc’s EPS estimate is 0.68.
How many shares outstanding does Farmers & Merchants Bancorp Inc have?
Farmers & Merchants Bancorp Inc has 13,748,074 shares outstanding.
What happened to Farmers & Merchants Bancorp Inc’s price movement after its last earnings report?
Farmers & Merchants Bancorp Inc reported an EPS of $0.71 in its last earnings report, beating expectations of $0.655. Following the earnings report the stock price went up 7.645%.
Which hedge fund is a major shareholder of Farmers & Merchants Bancorp Inc?
Currently, no hedge funds are holding shares in FMAO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Farmers & Merchants Bancorp Stock Smart Score
Underperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$29.00 (9.72% Upside)
$29.00 (9.72% Upside)
Insider Transactions
Sold Shares
Worth $7.1K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-13.94%
12-Months-Change
Fundamentals
Return on Equity
8.98%
Trailing 12-Months
Asset Growth
0.70%
Trailing 12-Months
Company Description
Farmers & Merchants Bancorp Inc
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 and credit card 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, remote deposit capture or electronic deposit processing, and merchant credit card services. It also 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.
FMAO Stock 12 Month Forecast
Average Price Target
$29.00
▲(9.72% Upside)
Technical Analysis
Southern First Bancshares
―
West Bancorporation
―
Bankwell Financial Group
―
Ponce Financial Group Inc
―
USCB Financial Holdings, Inc. Class A
―
Ownership Overview
13.51% Insiders
9.14% Mutual Funds
8.27% Other Institutional Investors
60.05% Public Companies and
Individual Investors
Options Prices
Currently, No data available
---