Is Farmers & Merchants Bancorp, Inc. (FMAO) Overvalued?
We dive into why Farmers & Merchants Bancorp, Inc. (FMAO) could be considered overvalued on 2026-08-14, based on AAII’s Value Score and Grade.Rosalio Madrigal
A+ Stock Grade Summary:
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COMPANY SUMMARY
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, Northeast Indiana, and Southeast Michigan. 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.
Commentary & Analysis
Why Farmers & Merchants Bancorp, Inc.’s (FMAO) Stock Is Up 7.12%
As of Tuesday, July 28, Farmers & Merchants Bancorp, Inc.’s FMAO share price has surged by 7.12%, which has investors questioning if this is right time to sell.Michael Rose
What You Need to Know About Farmers & Merchants Bancorp, Inc.'s Q3 Earnings
Farmers & Merchants Bancorp, Inc.'s fiscal Q3 earnings report was released on Monday, July 27. Let's dive in to see if (FMAO) missed or beat analyst's expectations.Tudor Pop
Why Farmers & Merchants Bancorp, Inc.’s (FMAO) Stock Is Down 8.23%
As of Thursday, July 23, Farmers & Merchants Bancorp, Inc.’s FMAO share price has dipped by 8.23%, which has investors questioning if this is right time to buy.Rosalio Madrigal
7 Undervalued Banks Stocks for Thursday, June 11
Discover the top 7 undervalued Banks stocks for Thursday, June 11 based on AAII’s Stock Grades.Tudor Pop
Financial Summary
| Share Statistics | FMAO | Industry Median |
Percentile (All Stocks) |
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| Market Cap (Mil) | $483.0 | $700.1 | 37% |
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| Shares Out (Mil) | 13.6 | 15.4 | 25% |
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| Institutional Ownership | 92.4% | 84.0% | 61% |
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| Float (Mil) | 13.2 | 21.6 | 23% |
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| Beta | 0.80 | 0.45 | 47% |
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| Avg Daily Volume (000s) | 47 | 42 | 28% |
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| Price Change (52-week) |
39.4% | 92.2% | 80% |
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| Growth | FMAO | Industry Median |
Percentile (All Stocks) |
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| Sales (5yr) | 11.5% | 7.7% | 64% |
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| Net Income (5yr) | 10.6% | 11.1% | 56% |
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| EPS (5yr) | 6.2% | 10.0% | 41 |
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| Dividends (5yr) | 6.4% | 3.6% | 77% |
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| Cash Flow (5yr) | (20.3%) | (17.1%) | 33% |
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| Estimates | Qtrly | Current Fiscal Year |
Next Fiscal Year |
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| # of Estimates | 3 | 3 | 3 | |
| Current EPS | $0.803 | $3.173 | $3.270 | |
| Month Ago EPS | $0.803 | $3.173 | $3.270 | |
| # Rev Up | 2 | 1 | 1 | |
| # Rev Down | 1 | 0 | 0 | |
| Three Months Ago EPS | $0.713 | $2.840 | $3.013 | |
| Year/Year Chg | (6.3%) | 30.8% | na | |
| Financials | FMAO | Industry Median |
Percentile (All Stocks) |
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| Sales (TTM) (Mil) | $129 | $188 | 28% |
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| Net Income (TTM) (Mil) | $40 | $54 | 53% |
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| EPS (TTM) | $2.910 | $2.500 | 78% |
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| Operating Cash Flow (TTM) (Mil) | $43 | $33 | 45% |
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| Net Cash Flow (TTM) (Mil) | $68 | $2 | 73% |
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| Long-Term Debt (Q1) (Mil) | $219 | $94 | 51% |
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| Enterprise Value (Q1) (Mil) | na | $0 | na |
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| Valuation | FMAO | Industry Median |
Percentile (All Stocks) |
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| P/B | 1.26 | 1.25 | 33% |
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| P/E | 12.2 | 12.2 | 28% |
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| Dividend Yield | 2.7% | 2.2% | 81% |
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| PEG (5yr hist) | 2.0 | 1.1 | 69% |
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| Ratios | FMAO | Industry Median |
Percentile (All Stocks) |
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| Gross Margin | na | 63.7% | na |
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| Net Margin | 31.0% | 29.1% | 89% |
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| ROA | 1.2% | 1.1% | 49% |
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| ROE | 10.9% | 11.3% | 59% |
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| Liabilities to Assets | 89.0% | 89.7% | 84% |
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| F-Score | 5 | 4 | 50% |
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Passing Stock Screens
As of 10/2/2026, from a list of 60 stock screening strategies,
GURU STRATEGY
Graham--Defensive Investor (Utility) Screen
Factors: Yield, Value, Quality, Industry/Sector
Graham's approach leads to three separate screens that focus on the concept of intrinsic value, justified by a firm's financial strength.
| Performance Since Inception: | 6.7% |
| +/- S&P 500: | -0.8 |
GURU STRATEGY
Neff Screen
Factors: Value, Growth
An approach using a stringent contrarian viewpoint—finding undervalued, out-of-favor stocks in the bargain basement that have an optimistic future.
| Performance Since Inception: | 14.4% |
| +/- S&P 500: | +6.9 |
FACTOR STRATEGY
Value on the Move--PEG With Est Growth Screen
Factors: Value, Quality, Momentum, Growth
Using PEG ratios and price strength to find growth stocks trading at a reasonable price.
| Performance Since Inception: | 15.6% |
| +/- S&P 500: | +8.1 |
GURU STRATEGY
Stock Market Winners Screen
Factors: Value, Momentum, Growth
A screen that tries to interpret and apply successful trading rules in the real market environment.
| Performance Since Inception: | 14.8% |
| +/- S&P 500: | +7.3 |
