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: $31.47 to $32.45
• 50-Day Range: $25.99 to $33.16
• 52-Week Range: $18.36 to $33.75
• Volume: 28,600 shs
• Average Volume: 26,810 shs
• Market Capitalization: $442.07 million
• P/E Ratio: 18.98
• Dividend Yield: 2.73%
• Price Target: $24.00
• Consensus Rating: Hold

Farmers & Merchants Bancorp Stock Analysis - MarketRank™

Farmers & Merchants Bancorp scored higher than 58% of companies evaluated by MarketBeat, and ranked 577th out of 953 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 received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.29%

Earnings Growth

Earnings for Farmers & Merchants Bancorp are expected to grow by 5.29% in the coming year, from $1.70 to $1.79 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Farmers & Merchants Bancorp is 18.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of Farmers & Merchants Bancorp is 18.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.00.

Price to Book Value per Share Ratio

Farmers & Merchants Bancorp has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.97% 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 5.3.

Change versus previous month

Short interest in Farmers & Merchants Bancorp has recently decreased by 30.31%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Farmers & Merchants Bancorp pays a meaningful dividend of 2.75%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Farmers & Merchants Bancorp has been increasing its dividend for 15 years.

Dividend Coverage

The dividend payout ratio of Farmers & Merchants Bancorp is 51.76%. 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

0.97% 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 5.3.

Change versus previous month

Short interest in Farmers & Merchants Bancorp has recently decreased by 30.31%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.19

News Sentiment

Farmers & Merchants Bancorp has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Farmers & Merchants Bancorp this week, compared to 1 article on an average week.

Search Interest

1 people have searched for FMAO on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Farmers & Merchants Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,325.00 in 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 at the beginning of 2024. Since then, FMAO stock has increased by 30.1% and is now trading at $32.27.
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 quarterly earnings results on Wednesday, October, 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.08. The financial services provider had revenue of $45.86 million for the quarter, compared to analysts' expectations of $24.93 million. Farmers & Merchants Bancorp had a net margin of 13.16% and a trailing twelve-month return on equity of 7.16%.

When did Farmers & Merchants Bancorp's stock split?

Farmers & Merchants Bancorp's stock split on the morning of Thursday, September 21st 2017. The 2-1 split was announced on Friday, August 18th 2017. The newly created shares were issued 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 (2.24%), Geode Capital Management LLC (2.11%), State Street Corp (1.76%) and Charles Schwab Investment Management Inc. (0.27%). Insiders that own company stock include David P Vernon, Jo Ellen Hornish, Steven J Planson, Eugene N Burkholder, David R Gerken 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 American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 10/20 Dividend: 10/04/2024
• Dividend Payable: 10/20/2024
• Last Earnings: 10/30/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

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: -25.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.70
• Trailing P/E Ratio: 18.98
• Forward P/E Ratio: 18.98
• P/E Growth: N/A
• Net Income: $22.79 million
• Net Margins: 13.16%
• Pretax Margin: 16.48%
• Return on Equity: 7.16%
• Return on Assets: 0.70%

Debt

• Debt-to-Equity Ratio: 0.78
• Current Ratio: 0.99
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $155.85 million
• Price / Sales: 2.84
• Cash Flow: $1.96 per share
• Price / Cash Flow: 16.47
• Book Value: $24.48 per share
• Price / Book: 1.32

Miscellaneous

• Outstanding Shares: 13,700,000
• Free Float: 12,636,000
• Market Cap: $442.10 million
• Optionable: Optionable
• Beta: 0.63