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Stock Evaluator: Farmers & Merchants Bancorp, Inc. (FMAO)

Farmers & Merchants Bancorp, Inc. FMAO

$36.45 -0.36 -0.98%
October 27, 2026 4:00:00 PM EST November 10, 2021 Volume: 38,965
After Hours: $120.37   0.15  |  0.12% November 10, 2021 7:59 PM EST Volume: 72,713
USD NASD | DELAYED PRICE
SECTOR INDUSTRY
Financials Banks

A+ Stock Grade Summary:

VALUE:
GROWTH:
MOMENTUM:
EPS REVISIONS:
QUALITY:
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

Financial Summary

Share Statistics FMAO Industry
Median		 Percentile
(All Stocks)
Market Cap (Mil) $495.6 $704.8 38%
Shares Out (Mil) 13.6 15.3 25%
Institutional Ownership 92.4% 84.0% 61%
Float (Mil) 13.2 21.6 23%
Beta 0.81 0.46 48%
Avg Daily Volume (000s) 60 51 31%
Price Change
(52-week)		 48.4% 92.6% 85%
Growth FMAO Industry
Median		 Percentile
(All Stocks)
Sales (5yr) 11.5% 7.6% 64%
Net Income (5yr) 10.6% 11.1% 56%
EPS (5yr) 6.2% 9.9% 41
Dividends (5yr) 6.4% 3.6% 77%
Cash Flow (5yr) (20.3%) (17.1%) 33%
Estimates Qtrly Current
Fiscal
Year		 Next
Fiscal
Year
# of Estimates 3 2 3
Current EPS $0.807 $3.215 $3.350
Month Ago EPS $0.800 $3.173 $3.270
# Rev Up 2 1 1
# Rev Down 1 0 0
Three Months Ago EPS $0.795 $3.165 $3.187
Year/Year Chg (5.8%) 32.5% 47.6%
Financials FMAO Industry
Median		 Percentile
(All Stocks)
Sales (TTM) (Mil) $129 $187 29%
Net Income (TTM) (Mil) $40 $53 53%
EPS (TTM) $2.910 $2.500 78%
Operating Cash Flow (TTM) (Mil) $43 $34 46%
Net Cash Flow (TTM) (Mil) $68 $2 73%
Long-Term Debt (Q1) (Mil) $219 $98 51%
Enterprise Value (Q1) (Mil) na $0 na
Valuation FMAO Industry
Median		 Percentile
(All Stocks)
P/B 1.29 1.26 36%
P/E 12.5 12.4 29%
Dividend Yield 2.6% 2.2% 81%
PEG (5yr hist) 2.0 1.1 69%
Ratios FMAO Industry
Median		 Percentile
(All Stocks)
Gross Margin na 63.7% na
Net Margin 32.2% 29.4% 90%
ROA 1.2% 1.1% 48%
ROE 10.9% 11.3% 59%
Liabilities to Assets 89.0% 89.7% 84%
F-Score 5 4 50%

Passing Stock Screens

As of 10/27/2026, from a list of 60 stock screening strategies, FMAO meetings the criteria of 2 screen:
Stock Screen
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

Passing Stocks

1st Source Corporation SRCE
Aflac Incorporated AFL
Amalgamated Financial Corp. AMAL
American Financial Group, Inc. AFG
Ameris Bancorp ABCB
See All 196 Stocks (as of 10/27/2026)
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

Passing Stocks

Bar Harbor Bankshares BHB
Bassett Furniture Industries, Incorporated BSET
Farmers & Merchants Bancorp, Inc. FMAO
First Citizens BancShares, Inc. FCNC.A
First Financial Corporation THFF
See All 15 Stocks (as of 10/27/2026)

Price and market data provided by QuoteMedia and delayed a minimum of 15 minutes unless otherwise indicated. Fundamental data provided by AAII's Stock Investor Pro and S&P Global Market Intelligence and are updated through the previous trading day.

Ⓒ 2026 American Association of Individual Investors