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FMAO 
Farmers & Merchants Bancorp Inc (FMAO)
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Upturn Advisory Summary
12/15/2025: FMAO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $26.17
1 Year Target Price $26.17
| 0 | Strong Buy |
| 0 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -7.02% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/15/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 380.87M USD | Price to earnings Ratio 11.89 | 1Y Target Price 26.17 |
Price to earnings Ratio 11.89 | 1Y Target Price 26.17 | ||
Volume (30-day avg) 3 | Beta 0.84 | 52 Weeks Range 20.52 - 31.73 | Updated Date 12/15/2025 |
52 Weeks Range 20.52 - 31.73 | Updated Date 12/15/2025 | ||
Dividends yield (FY) 3.23% | Basic EPS (TTM) 2.33 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 27.96% | Operating Margin (TTM) 40.98% |
Management Effectiveness
Return on Assets (TTM) 0.94% | Return on Equity (TTM) 9.15% |
Valuation
Trailing PE 11.89 | Forward PE 15.92 | Enterprise Value 503320928 | Price to Sales(TTM) 3.34 |
Enterprise Value 503320928 | Price to Sales(TTM) 3.34 | ||
Enterprise Value to Revenue 5.35 | Enterprise Value to EBITDA - | Shares Outstanding 13749944 | Shares Floating 12318757 |
Shares Outstanding 13749944 | Shares Floating 12318757 | ||
Percent Insiders 8.7 | Percent Institutions 27.71 |
About Farmers & Merchants Bancorp Inc
Exchange NASDAQ | Headquaters Archbold, OH, United States | ||
IPO Launch date 2004-11-23 | President, CEO & Director Mr. Lars B. Eller | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 476 | Website https://www.fm.bank |
Full time employees 476 | Website https://www.fm.bank | ||
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 farm land, 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.
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