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FMAO

STRONG BUYFLAG

Farmers & Merchants Bancorp, Inc. · Financial Services · United States · $426M · Avg Vol: $3M/d

85
StockRank
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Q
55
V
53
M
71
P/E (TTM)
11.7x
ROE
10.0%
D/E
0.7x
Dividend %
3.0%
Dir. Trades · 180d
−$4.5M →
Buybacks · 180d
$100K →
AI CONVICTION THESIS

Farmers & Merchants Bancorp has momentum M67 with a buyback on file, but quality Q55 and value V55 both miss the all-three-above-60 path, and insiders sold 1.03%, which is separately adverse.

COMPANY DESCRIPTION

Farmers & Merchants Bancorp, Inc. is the holding company for Farmers & Merchants Bank, providing a full suite of traditional banking services to individuals and businesses. Its competitive moat is built on deep community ties, personalized customer service, and strong local market knowledge within its Ohio and Indiana operating regions. The bank focuses on cultivating long-term relationships with small to medium-sized enterprises and retail clients.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue99.3M93.6M98.9M117.6M5.8%123.9M135.5M144.7M10.9%
EPS2.461.671.902.43-0.4%2.642.843.0111.4%
Shares13.6M13.7M13.7M13.7M+1.0%13.8M———
Debt172.1M300.5M280.9M262.3M15.1%269.7M———
Equity298.1M316.5M335.2M370.9M7.5%————
Op CF40.7M22.1M32.5M36.7M-3.3%33.4M———
Inv CF-389.9M-194.1M-44.4M-138.7M—————
Fin CF252.8M229.7M46.0M23.3M—————
Loading 1Y...
PRICE (1Y)+8.3%
28.3929.1629.9430.7131.49Jun 12Jul 7Jul 27
SMA 50SMA 200
Close
$31.20
RSI (14)
59.2
52W High
$31.91
From 52W High
1.0%

SCORE BREAKDOWN

Quality
55
ROIC (ROA)
1.0%*38.4
ROE
10.0%51.9
GP/Assets
3.6%N/A
Op. Margin
42.2%61.9
FCF/Assets
0.9%N/A
Piotroski
683.6
Int. Cover
—50.0
D/E Ratio
0.71xN/A
Current Ratio
bankN/A
Value
53
P/E (TTM)
11.7x61.3
EV/EBITDA
bankN/A
P/FCF
13.6xN/A
P/B
1.1x51.7
P/S
3.4x55.7
Div Yield
3.0%38.1
Momentum
71
52W High %
98%81.0
RS 6M
16%83.8
SMA 50/200
1.10x77.0
EPS Rev 4W
0.0%69.8
EPS Rev 12W
+0.4%62.3
EPS Improve
+14%38.7
Q Growth
38%69.2

FUNDAMENTALS

Market Cap
$426M
P/E (Forward)
10.2x
Gross Margin
—

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of FMAO are excluded.

TickerCompanyMkt CapStockRankSignal
FMAOFarmers & Merchants Bancorp, Inc.(you)$426M85STRONG BUY
WTBAWest Bancorporation, Inc.$464M85STRONG BUY
COFSChoiceOne Financial Services, Inc.$489M85STRONG BUY
PLBCPlumas Bancorp$427M79BUY
NEWTNewtekOne, Inc.$417M90STRONG BUY
RBBRBB Bancorp$446M90STRONG BUY
TSBKTimberland Bancorp, Inc.$343M87STRONG BUY
BWFGBankwell Financial Group, Inc.$496M80STRONG BUY
CIVBCivista Bancshares, Inc.$594M83STRONG BUY
FNRNFirst Northern Community Bancorp$300M86STRONG BUY

Peer medians: ROE 9.4% · P/E 13.9x · Gross margin 100.0%

Farmers & Merchants Bancorp, Inc. (FMAO) — Stock Score Summary

Farmers & Merchants Bancorp, Inc. (FMAO) has a MoatMap StockRank of 85/100 based on Quality (55/100), Value (53/100), and Momentum (71/100) factor scores. The current signal is STRONG BUY. Farmers & Merchants Bancorp has momentum M67 with a buyback on file, but quality Q55 and value V55 both miss the all-three-above-60 path, and insiders sold 1.03%, which is separately adverse.

Farmers & Merchants Bancorp, Inc. is the holding company for Farmers & Merchants Bank, providing a full suite of traditional banking services to individuals and businesses. Its competitive moat is built on deep community ties, personalized customer service, and strong local market knowledge within its Ohio and Indiana operating regions. The bank focuses on cultivating long-term relationships with small to medium-sized enterprises and retail clients.

Key Financial Metrics

Price$31.20
Market Cap$426M
P/E (TTM)11.66
P/E (Forward)10.21
Price/Book1.11
Return on Equity10.0%
Debt/Equity0.71x
Operating Margin42.2%
Revenue Growth16.5%
Dividend Yield3.0%
Free Cash Flow$31M

Farmers & Merchants Bancorp, Inc. operates in the Banks - Regional industry, part of the Financial Services sector (United States).

Frequently Asked Questions

What is Farmers & Merchants Bancorp, Inc.’s (FMAO) StockRank?
MoatMap’s StockRank for Farmers & Merchants Bancorp, Inc. (FMAO) is 85/100, with a Strong Buy signal. It is a composite of Quality (55), Value (53), and Momentum (71) factor ranks across MoatMap’s 20,000+ stock universe.
Does Farmers & Merchants Bancorp, Inc. have an economic moat?
Farmers & Merchants Bancorp, Inc. (FMAO) has a Quality factor score of 55/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Farmers & Merchants Bancorp, Inc. a buy, hold, or sell?
MoatMap’s current signal for Farmers & Merchants Bancorp, Inc. (FMAO) is Strong Buy, based on a StockRank of 85/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Farmers & Merchants Bancorp, Inc. in?
Farmers & Merchants Bancorp, Inc. (FMAO) operates in the Financial Services sector, specifically the Banks - Regional industry (United States).
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