Farmers & Merchants Bancorp (FMCB) AI Stock Analysis

• Market Cap: $802.66M
• Dividend Yield: 1.72%
• Average Volume (3M): 148.00
• Price to Earnings (P/E): 8.2
• Beta (1Y): 0.16
• Revenue Growth: 2.21%
• EPS Growth: 10.84%
• Country: US
• Employees: 373
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.53
• Shares Outstanding: 691,945
• 10 Day Avg. Volume: 81
• 30 Day Avg. Volume: 148
• PEG Ratio: 0.71
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 2.54
• P/FCF Ratio: 7.98
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 2.49
• Enterprise Value/Gross Profit: 3.15
• Enterprise Value/Ebitda: 5.71
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: $1,271.00 ▲(21.05% Upside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven primarily by strong financial performance and a conservatively positioned balance sheet, supported by an attractive valuation (low P/E with a solid dividend). Offsetting these strengths, technical indicators show weak near-term momentum with the stock below key moving averages, despite oversold signals. Recent corporate updates are supportive but secondary to fundamentals and price trend.

Positive Factors

Conservative balance sheet

Extremely low leverage and a strong equity ratio provide durable financial flexibility, lowering funding and solvency risk. This supports lending capacity, steady capital returns and resilience through interest-rate or credit-cycle stress without relying on external borrowings.

Negative Factors

Weak operating cash conversion

Low conversion of net income into operating cash flow is a durable concern: it can signal timing mismatches or accrual-driven earnings that are harder to deploy for capex, branch openings or buybacks, potentially constraining capital allocation despite reported profits.

Farmers & Merchants Bancorp Business Overview & Revenue Model

Company Description

Farmers & Merchants Bancorp (FMCB) is a financial services holding company headquartered in the United States, primarily engaged in providing a broad range of banking and financial solutions. The company operates through its subsidiary, Farmers & ...

Read more

Farmers & Merchants Bancorp (FMCB) is a financial services holding company headquartered in the United States, primarily engaged in providing a broad range of banking and financial solutions. The company operates through its subsidiary, Farmers & ...

How the Company Makes Money

FMCB primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is generated by earning interest on loans and other interest-earning assets (such as investment securities and interest-bearing deposits wit...

Read more

FMCB primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is generated by earning interest on loans and other interest-earning assets (such as investment securities and interest-bearing deposits wit...

Farmers & Merchants Bancorp Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	303.13M	289.41M	265.69M	204.14M	183.71M
Gross Profit	239.29M	224.11M	217.92M	192.85M	177.47M
EBITDA	131.84M	125.18M	119.04M	102.17M	90.95M
Net Income	93.61M	88.46M	88.31M	75.09M	66.34M
Balance Sheet
Total Assets	5.69B	5.37B	5.31B	5.33B	5.18B
Cash, Cash Equivalents and Short-Term Investments	1.01B	676.98M	593.15M	741.12M	986.22M
Total Debt	11.96M	10.31M	10.31M	10.31M	10.31M
Total Liabilities	5.04B	4.80B	4.76B	4.84B	4.71B
Stockholders Equity	645.51M	573.07M	549.75M	485.31M	463.14M
Cash Flow
Free Cash Flow	96.62M	101.34M	88.38M	97.59M	57.89M
Operating Cash Flow	104.19M	103.73M	93.35M	101.78M	59.96M
Investing Cash Flow	-402.01M	-274.58M	-146.55M	-315.30M	-296.15M
Financing Cash Flow	230.12M	-27.23M	-124.42M	86.32M	567.81M

Farmers & Merchants Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1050.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FMCB, the sentiment is Positive. The current price of 1050 is below the 20-day moving average (MA) of 1132.87, below the 50-day MA of 1154.19, and below the 200-day MA of 1064.51, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 58.30 is Neutral, neither overbought nor oversold. The STOCH value of 70.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMCB.

Farmers & Merchants Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FMCB	76 Outperform	$802.66M	8.23	14.91%	1.72%	2.21%	10.84%
CCBG	73 Outperform	$802.21M	11.80	11.55%	2.33%	9.43%	17.64%
HAFC	71 Outperform	$839.98M	10.60	9.85%	3.82%	3.34%	15.52%
MBWM	71 Outperform	$931.70M	8.81	13.54%	3.05%	5.64%	6.24%
MCBS	71 Outperform	$901.48M	10.05	14.82%	3.55%	-0.23%	10.95%
TRST	68 Neutral	$829.21M	12.13	8.86%	3.48%	5.75%	20.52%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Farmers & Merchants Bancorp Corporate Events