FMAO - Farmers & Merchants Bancorp Inc Stock Price, Fair Value and News

21.30USD+0.11 (+0.52%)Market Closed

Market Summary

USD21.30+0.11

Market Closed

0.52%

FMAO Stock Price

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FMAO RSI Chart

FMAO Valuation

Market Cap

291.1M

Price/Earnings (Trailing)

12.77

Price/Sales (Trailing)

2.08

EV/EBITDA

2.62

Price/Free Cashflow

25.95

FMAO Price/Sales (Trailing)

FMAO Profitability

EBT Margin

20.28%

Return on Equity

7.2%

Return on Assets

0.69%

Free Cashflow Yield

3.85%

FMAO Fundamentals

FMAO Revenue

Revenue (TTM)

139.8M

Rev. Growth (Yr)

29.76%

Rev. Growth (Qtr)

5.26%

FMAO Earnings

Earnings (TTM)

22.8M

Earnings Growth (Yr)

-22.89%

Earnings Growth (Qtr)

16.04%

Breaking Down FMAO Revenue

Last 7 days

4.8%

Last 30 days

2.9%

Last 90 days

-10.6%

Trailing 12 Months

-5.5%

How does FMAO drawdown profile look like?

FMAO Financial Health

FMAO Investor Care

Dividend Yield

3.99%

Dividend/Share (TTM)

0.85

Shares Dilution (1Y)

0.41%

Diluted EPS (TTM)

1.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	111.1M	120.5M	131.0M	139.8M
2022	82.0M	88.4M	94.1M	101.1M
2021	69.5M	69.7M	72.6M	76.8M
2020	69.9M	68.9M	69.2M	70.2M
2019	51.2M	57.9M	63.2M	68.3M
2018	42.7M	44.1M	45.3M	46.4M
2017	38.4M	39.2M	40.1M	41.2M
2016	34.5M	35.6M	36.7M	37.7M
2015	33.5M	33.5M	33.4M	33.6M
2014	31.9M	32.4M	33.1M	33.5M
2013	32.5M	31.7M	31.3M	31.4M
2012	35.5M	35.2M	34.6M	33.3M
2011	39.2M	38.2M	37.0M	36.7M
2010	0	40.7M	40.3M	39.9M
2009	0	0	0	41.1M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Farmers & Merchants Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 21, 2024	boyce ian d	bought	5,283	21.1324	250	-
Mar 01, 2024	hornish jo ellen	bought	73,892	20.56	3,594	-
Nov 21, 2023	burkholder eugene n	bought	18,990	18.99	1,000	-
Aug 18, 2023	burkholder eugene n	bought	19,400	19.4	1,000	-
Aug 15, 2023	planson steven j	bought	26,030	19.75	1,318	-
Jun 01, 2023	vernon david p	acquired	-	-	754	-
Jun 01, 2023	frank simon r.	acquired	-	-	754	-
Jun 01, 2023	johnson jack cornelius	acquired	-	-	754	chairman
Jun 01, 2023	hornish jo ellen	acquired	-	-	754	-
Jun 01, 2023	eller lars b	acquired	-	-	754	president & ceo

Which funds bought or sold FMAO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-63.38	-19,000	9,000	-%
Apr 23, 2024	Revisor Wealth Management LLC	new	-	546,574	546,574	0.25%
Apr 22, 2024	Hendershot Investments Inc.	unchanged	-	-9,780	144,000	0.02%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	46,434	158,398	-%
Apr 18, 2024	Capital Advisors, Ltd. LLC	unchanged	-	-	1,000	-%
Apr 10, 2024	Buckingham Capital Management, Inc.	sold off	-100	-202,294	-	-%
Apr 05, 2024	GAMMA Investing LLC	added	53.06	5,079	15,046	-%
Apr 05, 2024	CWM, LLC	new	-	-	-	-%
Apr 01, 2024	PARK NATIONAL CORP /OH/	unchanged	-	-31,024	275,504	0.01%
Mar 22, 2024	PNC Financial Services Group, Inc.	sold off	-100	-125,865	-	-%

Are Funds Buying or Selling FMAO?

Are funds buying FMAO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FMAO

No. of Funds

Unveiling Farmers & Merchants Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 31, 2024	blackrock inc.	6.7%	914,562	SC 13G/A
Feb 09, 2023	blackrock inc.	5.9%	797,362	SC 13G
Jul 12, 2021	blackrock inc.	0.6%	71,896	SC 13G/A
Feb 07, 2020	blackrock inc.	5.2%	584,683	SC 13G

Recent SEC filings of Farmers & Merchants Bancorp Inc

View All Filings

Date Filed	Form Type	Document
Mar 27, 2024	4	Insider Trading
Mar 15, 2024	DEF 14A	DEF 14A
Mar 15, 2024	ARS	ARS
Mar 04, 2024	4	Insider Trading
Feb 29, 2024	10-K/A	Annual Report
Feb 27, 2024	10-K	Annual Report
Feb 13, 2024	8-K	Current Report
Jan 31, 2024	SC 13G/A	Major Ownership Report
Jan 24, 2024	8-K	Current Report
Jan 16, 2024	8-K	Current Report

Peers (Alternatives to Farmers & Merchants Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	556.1B	171.1B	-2.31%	36.49%	11.22	3.25	60.72%	31.52%
BAC	301.8B	130.3B	3.56%	28.93%	11.38	2.32	79.51%	-3.68%
WFC	216.8B	85.7B	6.72%	47.09%	11.33	2.53	41.49%	39.96%
C	119.4B	133.3B	3.01%	27.78%	12.94	0.9	79.09%	-
CFG	16.3B	10.2B	-0.51%	22.27%	10.13	1.6	44.53%	-22.43%
KEY	13.9B	7.9B	-2.00%	32.35%	14.42	1.76	46.47%	-49.56%
MID-CAP
CMA	7.0B	4.2B	1.92%	23.45%	7.96	1.68	56.25%	-23.46%
ZION	6.2B	3.9B	2.71%	47.68%	9.19	1.58	45.91%	-25.03%
ABCB	3.3B	1.3B	1.85%	41.72%	12.38	2.6	43.24%	-22.35%
ASB	3.2B	2.0B	3.40%	20.85%	17.62	1.65	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	414.5M	164.9M	-1.69%	36.50%	35.44	2.51	42.66%	-70.76%
AROW	380.2M	162.6M	-4.81%	4.19%	12.64	2.34	25.39%	-38.37%
ACNB	284.2M	96.6M	-3.52%	8.70%	8.97	2.94	11.02%	-11.37%
ASRV	47.3M	60.9M	-2.56%	-9.83%	-14.14	0.78	24.06%	-144.92%

Farmers & Merchants Bancorp Inc News

Latest updates

Farmers & Merchants Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	5.3%	38.00	36.00	33.00	32.00	29.00	26.00	24.00	22.00	22.00	20.00	18.00	17.00	18.00	17.00	17.00	17.00	17.00	17.00	18.00	16.00	12.00
S&GA Expenses	8.1%	3.00	2.00	3.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	2.00	2.00	2.00	1.00	2.00	2.00	2.00	1.00
EBITDA Margin	-10.1%	0.79*	0.87*	1.02*	1.15*	1.26*	1.33*	1.33*	1.32*	1.29*	1.29*	1.27*	1.25*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.4%	20.00	20.00	20.00	22.00	23.00	23.00	22.00	20.00	20.00	18.00	16.00	15.00	16.00	15.00	15.00	14.00	13.00	13.00	15.00	13.00	10.00
Income Taxes	18.8%	1.00	1.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	2.00	1.00	1.00	1.00	1.00	1.00	2.00	1.00	1.00
Earnings Before Taxes	16.6%	7.00	6.00	8.00	8.00	9.00	11.00	10.00	10.00	10.00	8.00	6.00	6.00	8.00	6.00	6.00	5.00	6.00	5.00	8.00	4.00	4.00
EBT Margin	-12.5%	0.20*	0.23*	0.30*	0.35*	0.40*	0.44*	0.43*	0.41*	0.38*	0.39*	0.38*	0.38*	-	-	-	-	-	-	-	-	-
Net Income	16.0%	6.00	5.00	6.00	6.00	7.00	9.00	8.00	8.00	8.00	6.00	5.00	5.00	7.00	4.00	5.00	4.00	5.00	4.00	6.00	3.00	3.00
Net Income Margin	-12.6%	0.16*	0.19*	0.24*	0.28*	0.32*	0.35*	0.34*	0.33*	0.31*	0.31*	0.30*	0.30*	-	-	-	-	-	-	-	-	-
Free Cashflow	467.8%	9.00	2.00	0.00	1.00	18.00	-1.19	14.00	7.00	7.00	14.00	6.00	6.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.5%	3,283	3,235	3,147	3,070	3,015	2,784	2,675	2,686	2,638	2,219	2,167	1,993	1,910	1,827	1,784	1,655	1,607	1,575	1,531	1,466	1,116
Cash Equivalents	-	4.00	-	-	-	17.00	-	-	-	19.00	-	-	-	6.00	-	-	-	2.00	-	-	-	2.00
Net PPE	12.8%	36.00	32.00	30.00	29.00	28.00	26.00	26.00	27.00	27.00	26.00	27.00	27.00	27.00	27.00	26.00	26.00	26.00	26.00	26.00	25.00	23.00
Goodwill	0%	86.00	86.00	86.00	86.00	86.00	6.00	80.00	80.00	80.00	25.00	56.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	43.00
Liabilities	1.2%	2,967	2,931	2,843	2,764	2,717	2,503	2,394	2,400	2,341	1,964	1,916	1,746	1,660	1,583	1,544	1,419	1,377	1,347	1,307	1,249	973
Shareholder's Equity	4.4%	317	303	305	306	298	281	281	286	297	255	251	247	249	243	240	236	230	227	224	217	143
Retained Earnings	1.2%	221	219	216	213	212	208	201	195	189	184	180	177	174	168	165	162	160	157	154	149	148
Shares Outstanding	0%	15.00	15.00	15.00	15.00	15.00	14.00	14.00	14.00	14.00	12.00	12.00	12.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	306,922	-	-	-	434	-	-	-	244	-	-	-	236	-	-	-	323	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	120.5%	10,582	4,799	3,690	3,075	18,700	-466	14,538	7,897	7,464	14,244	6,588	6,445	10,889	8,502	3,340	4,651	3,915	6,919	5,292	7,805	1,160
Share Based Compensation	-3.2%	332	343	300	306	259	208	219	213	213	213	171	225	197	239	290	298	263	234	157	434	248
Cashflow From Investing	-939.4%	-47,998	-4,618	-73,230	-68,242	-99,528	-110,424	-71,438	-108,514	-39,118	-51,597	-82,875	-92,104	1,284	-43,180	-130,023	-5,805	-93,803	-52,337	-18,342	15,166	8,684
Cashflow From Financing	-67.7%	26,435	81,808	76,408	45,083	94,567	110,121	-11,183	59,316	54,399	44,312	51,906	85,453	75,780	36,990	121,287	40,695	26,592	36,732	54,479	20,513	-1,200
Dividend Payments	0.1%	2,838	2,834	2,832	2,831	2,727	2,625	2,462	2,462	2,004	1,888	1,889	1,889	1,882	1,768	1,768	1,768	1,657	1,654	1,655	1,379	1,286
Buy Backs	-90.2%	19.00	194	-	-	-	254	-	-	7.00	107	201	23.00	7.00	150	56.00	170	3.00	165	-	213	-

FMAO Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest Income
Loans, including fees	$ 129,344	$ 94,264	$ 71,645
Debt securities:
U.S. Treasury and government agencies	4,090	4,225	3,496
Municipalities	1,598	1,415	1,170
Dividends	882	318	174
Federal funds sold	44	21	31
Other	3,850	906	324
Total interest income	139,808	101,149	76,840
Interest Expense
Deposits	46,923	9,883	5,418
Federal funds purchased and securities sold under agreements to repurchase	1,474	1,197	649
Borrowed funds	8,876	2,160	785
Subordinated notes	1,138	1,122	490
Total interest expense	58,411	14,362	7,342
Net Interest Income - Before Provision for Credit Losses*	81,397	86,787	69,498
Provision for Credit Losses - Loans*	1,698	4,600	3,444
Provision for Credit Losses - Off Balance Sheet Credit Exposures*	46
Net Interest Income After Provision for Credit Losses	79,653	82,187	66,054
Noninterest Income
Net gain on sale of loans	699	1,353	3,897
Net gain (loss) on sale of available-for-sale securities	(891)		293
Total noninterest income	16,040	15,537	17,609
Noninterest Expense
Salaries and wages	26,915	22,700	20,184
Employee benefits	7,520	6,903	7,322
Net occupancy expense	3,833	2,566	2,184
Furniture and equipment	5,022	4,207	3,324
Data processing	3,147	3,956	3,501
Franchise taxes	1,487	1,384	1,473
ATM expense	2,611	2,217	1,846
Advertising	2,606	1,646	1,436
Net (gain) loss on sale of other assets owned	135	(259)	434
FDIC assessment	1,982	905	1,073
Servicing rights amortization - net	611	145	1,580
Consulting fees	832	1,302	1,634
Other general and administrative	10,638	9,577	8,175
Total noninterest expense	67,339	57,249	54,166
Income Before Income Taxes	28,354	40,475	29,497
Income Taxes	5,567	7,960	6,002
Net Income	$ 22,787	$ 32,515	$ 23,495
Basic Earnings Per Share	$ 1.67	$ 2.46	$ 2.01
Diluted Earnings Per Share	1.67	2.46	2.01
Dividends Declared	$ 0.85	$ 0.8125	$ 0.71
Customer Service Fees [Member]
Noninterest Income
Noninterest income	$ 9,592	$ 9,958	$ 9,671
Other Service Charges and Fees [Member]
Noninterest Income
Noninterest income	$ 6,640	$ 4,226	$ 3,748

FMAO Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 140,917	$ 83,085
Federal funds sold	1,284	1,324
Total cash and cash equivalents	142,201	84,409
Interest-bearing time deposits	2,740	4,442
Securities - available-for-sale	358,478	390,789
Other securities, at cost	17,138	9,799
Loans held for sale	1,576	827
Loans, net of allowance for credit losses of $25,024 and $20,313	2,556,167	2,336,074
Premises and equipment	35,790	28,381
Construction in progress	8	278
Goodwill	86,358	86,358
Loan servicing rights	5,648	3,549
Bank owned life insurance	33,907	33,073
Other assets	43,218	37,372
Total Assets	3,283,229	3,015,351
Deposits
Noninterest-bearing	528,465	532,794
Interest-bearing
NOW accounts	816,790	750,887
Savings	599,191	627,203
Time	663,017	557,980
Total deposits	2,607,463	2,468,864
Federal funds purchased and securities sold under agreement to repurchase	28,218	54,206
Federal Home Loan Bank (FHLB) advances	265,750	127,485
Other borrowings		10,000
Subordinated notes, net of unamortized issuance costs	34,702	34,586
Dividend payable	2,974	2,832
Accrued expenses and other liabilities	27,579	19,238
Total liabilities	2,966,686	2,717,211
Commitments and Contingencies
Stockholders' Equity
Common stock - No par value 20,000,000 shares authorized; issued and outstanding 14,564,425 shares 12/31/23 and 12/31/22	135,515	135,497
Treasury stock - 899,784 shares 12/31/23 and 956,003 shares 12/31/22	(11,040)	(11,573)
Retained earnings	221,080	212,449
Accumulated other comprehensive loss	(29,012)	(38,233)
Total stockholders' equity	316,543	298,140
Total Liabilities and Stockholders' Equity	$ 3,283,229	$ 3,015,351

About Farmers & Merchants Bancorp Inc

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 and credit card 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, as well as home and personal loan. 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, remote deposit capture or electronic deposit processing, and merchant credit card services. It also 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.

CEO	Mr. Lars B. Eller
WEBSITE	fm.bank
INDUSTRY	Banks Diversified
EMPLOYEES	460

Farmers & Merchants Bancorp Inc Frequently Asked Questions

What is the ticker symbol for Farmers & Merchants Bancorp Inc? What does FMAO stand for in stocks?

FMAO is the stock ticker symbol of Farmers & Merchants Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Farmers & Merchants Bancorp Inc (FMAO)?

As of Tue Apr 23 2024, market cap of Farmers & Merchants Bancorp Inc is 289.55 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FMAO stock?

You can check FMAO's fair value in chart for subscribers.

What is the fair value of FMAO stock?

You can check FMAO's fair value in chart for subscribers. The fair value of Farmers & Merchants Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Farmers & Merchants Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FMAO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Farmers & Merchants Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether FMAO is over valued or under valued. Whether Farmers & Merchants Bancorp Inc is cheap or expensive depends on the assumptions which impact Farmers & Merchants Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FMAO.

What is Farmers & Merchants Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, FMAO's PE ratio (Price to Earnings) is 12.71 and Price to Sales (PS) ratio is 2.07. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FMAO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Farmers & Merchants Bancorp Inc's stock?

In the past 10 years, Farmers & Merchants Bancorp Inc has provided 0.083 (multiply by 100 for percentage) rate of return.