Farmers & Merchants Bancorp Inc

Farmers & Merchants Bancorp Inc (FMAO) Stock Analysis

$35.040

-0.277 (-0.79%)At close

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High
35.485
Open
35.330
VWAP
35.07
Volume
34.86K
Mkt Cap
311.54M
Low
34.681
Amount
1.22M
EV/EBITDA, TTM
8.59

Farmers & Merchants Bancorp, Inc. is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (Bank) is a local independent community bank. The Bank is engaged in the general commercial banking business. Its activities include commercial, agricultural, and residential mortgage as well as consumer lending activities. The Bank also provides checking account services, as well as savings and time deposit services such as certificates of deposits. Its loan portfolio is comprised of loans made to customers in the farming industry for such things as farmland, farm equipment, livestock and operating loans for seed, fertilizer, and feed. The Bank provides on-line banking access for consumer and business customers. In addition, it also provides automated teller machines (ATMs) or interactive teller machines (ITMs) at the branch locations along with other independent locations in the market area.

ir.fm.bank

AI analysis of Farmers & Merchants Bancorp Inc (FMAO)

Buy

Farmers & Merchants Bancorp Inc (FMAO) is a good buy right now, with a current price of $35.32 and a strong year-to-date change of +45.17%. The company's recent Q2 earnings report showed a GAAP EPS of $0.86, beating expectations by $0.19, and a revenue increase of 15.9% year-over-year. However, insider selling has increased by 349.60% over the last month, which is a significant risk to consider.

Analyst Ratings (1)

-24.37% Downside
Hold
0 Buy
1 Hold
0 Sell
Current: 35.04
Low
26.50
Average
26.50
High
26.50

Piper Sandler

2026-07-29

Price Target

$36

Neutral

Piper Sandler

2026-06-25

Price Target

$32

Neutral

Piper Sandler

2026-04-27

Price Target

$28

Neutral

Piper Sandler

2026-04-02

Price Target

$28

Neutral

Piper Sandler

2024-08-05

Price Target

$26

Hold

Valuation Metrics

The current forward P/E ratio for Farmers & Merchants Bancorp Inc (FMAO) is 15.92, compared to its 5-year average forward P/E of 13.70.

Forward P/E

Overvalued
5Y Average P/E
13.70
Current P/E
15.92
Overvalued
15.83
Undervalued
11.56

Forward EV/EBITDA

Overvalued
5Y Average EV/EBITDA
1.99
Current EV/EBITDA
8.59
Overvalued
7.14
Undervalued
-3.16

Forward P/S

Fair
5Y Average P/S
3.71
Current P/S
3.98
Overvalued
4.38
Undervalued
3.04

Alphio AI Price Scenarios for FMAO

Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

B

Bull

Bull · 25%FMAO

$28.22

Scenario price

B

Base

Base · 50%FMAO

$27.21

Scenario price

B

Bear

Bear · 25%FMAO

$26.09

Scenario price

Whales holding FMAO

G

Goelzer Investment Management, Inc.

+ HoldingFMAO

+4.82%

3M Return

Events Timeline

2026-09-29 (ET)

17:00:00

Farmers & Merchants Bancorp Announces Quarterly Cash Dividend of 25 Cents

17:00:00

Farmers & Merchants Bancorp Announces Quarterly Cash Dividend of 25 Cents

2026-07-27 (ET)

17:00:00

F&M Reports Q2 Tangible Book Value Per Share of $21.41

2026-06-25 (ET)

16:30:00

F&M Bank Appoints New Executive Leadership Team

2026-05-19 (ET)

17:00:00

Farmers and Merchants Declares Cash Dividend of 36 Cents per Share

News

FMAO FAQ — answered by Alphio AI

Farmers & Merchants Bancorp, Inc. is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (Bank) is a local independent community bank. The Bank is engaged in the general commercial banking business. Its activities include commercial, agricultural, and residential mortgage as well as consumer lending activities. The Bank also provides checking account services, as well as savings and time deposit services such as certificates of deposits. Its loan portfolio is comprised of loans made to customers in the farming industry for such things as farmland, farm equipment, livestock and operating loans for seed, fertilizer, and feed. The Bank provides on-line banking access for consumer and business customers. In addition, it also provides automated teller machines (ATMs) or interactive teller machines (ITMs) at the branch locations along with other independent locations in the market area. It operates in the Financials sector (SAVINGS INSTITUTION, FEDERALLY CHARTERED industry).

Farmers & Merchants Bancorp Inc (FMAO) is a good buy right now, with a current price of $35.32 and a strong year-to-date change of +45.17%. The company's recent Q2 earnings report showed a GAAP EPS of $0.86, beating expectations by $0.19, and a revenue increase of 15.9% year-over-year. However, insider selling has increased by 349.60% over the last month, which is a significant risk to consider.

1 analysts cover FMAO: 0 rate it Buy, 1 Hold and 0 Sell. The average price target is 26.50.

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This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

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