Farmers & Merchants Bancorp
FMAO

$25.87

1.67%

Market Cap: $354M

About: Farmers & Merchants Bancorp Inc is a holding company for Farmers & Merchants Bank of Central California. The company is engaged in general commercial banking business. The activities of the company include commercial, agricultural and residential mortgages as well as consumer and credit card lending activities.

Employees: 467

Financials Savings Institution, Federally Chartered

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

722% more call options, than puts

Call options by funds: $74K | Put options by funds: $9K

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

9% more funds holding

Funds holding: 58 [Q1] → 63 (+5) [Q2]

4% more capital invested

Capital invested by funds: $75.6M [Q1] → $78.4M (+$2.88M) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 19

0.07% less ownership

Funds ownership: 24.72% [Q1] → 24.65% (-0.07%) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$24

7%

downside

Avg. target

$25

3%

downside

High target

$26

1%

upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

Piper Sandler Justin Crowley 63% 1-year accuracy 5 / 8 met price target	1%upside $26	Neutral Maintained	5 Aug 2024
Piper Sandler Justin Crowley 63% 1-year accuracy 5 / 8 met price target	7%downside $24	Neutral Assumed	12 Jun 2024

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Financial journalist opinion

Farmers & Merchants Bancorp: Historically Cheap For The Long-Term Investor

Farmers & Merchants Bancorp has been typically quiet since my last update in March, underperforming the broader regional bank space. Funding cost growth has picked up some steam here recently, leading to downward pressure on the bank's net interest margin and income. The bank's fundamentals remain intact, with an extremely attractive funding profile notwithstanding recent developments.

Farmers & Merchants Bancorp: Historically Cheap For The Long-Term Investor

Farmers & Merchants Bancorp, Inc. Reports 2024 Second-Quarter and Year-to-Date Financial Results

ARCHBOLD, Ohio, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2024 second quarter and year-to-date ended June 30, 2024.

Farmers & Merchants Bancorp, Inc. Reports 2024 Second-Quarter and Year-to-Date Financial Results

Farmers & Merchants Bancorp, Inc. Declares 2024 Second-Quarter Cash Dividend

ARCHBOLD, Ohio, June 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.29 billion at March 31, 2024, today announced that it has approved the Company's quarterly cash dividend of $0.22 per share, which is a 4.8% increase over the 2023 second-quarter dividend. The second-quarter dividend is payable on July 20, 2024, to shareholders of record as of July 5, 2024.

Farmers & Merchants Bancorp, Inc. Declares 2024 Second-Quarter Cash Dividend

F&M Bank Employees Team up with Habitat for Humanity to Build Playhouses for Deserving, Northwest Ohio Families

ARCHBOLD, Ohio, June 11, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), proudly announces its collaboration with Habitat for Humanity of Fulton County, Ohio to sponsor and build four playhouses for deserving, local families. On Friday, June 14th, employees of F&M Bank will team up to build four playhouses for local children through Habitat's Playhouse Project program.

F&M Bank Employees Team up with Habitat for Humanity to Build Playhouses for Deserving, Northwest Ohio Families

Farmers & Merchants Bancorp Celebrates Retirement of Board Chairman Jack Johnson

ARCHBOLD, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announces the retirement of Board Chairman, Jack Johnson. Mr. Johnson was appointed to the Company's Board in January 1991.

Farmers & Merchants Bancorp Celebrates Retirement of Board Chairman Jack Johnson

Zacks Investment Research

Best Income Stocks to Buy for May 9th

NRIM, FMAO and TSN made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 9, 2024.

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Zacks Investment Research

Best Income Stocks to Buy for May 7th

JHG, HAS and FMAO made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 7, 2024.

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Andrew Briggs Appointed Chairman of Farmers & Merchants Bancorp, Inc. and F&M Bank

ARCHBOLD, Ohio, May 03, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced the appointment of Andrew Briggs as Chairman of the Board of both the Company and the Bank. As part of F&M's comprehensive succession plan, current Board Chairman Jack Johnson will retire later this month after reaching the maximum age requirement as set forth in F&M's bylaws.

Andrew Briggs Appointed Chairman of Farmers & Merchants Bancorp, Inc. and F&M Bank

Farmers & Merchants Bancorp, Inc. Reports 2024 First-Quarter Financial Results

ARCHBOLD, Ohio, May 01, 2024 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2024 first quarter ended March 31, 2024. 2024 First Quarter Financial and Operating Highlights (on a year-over-year basis unless noted): 84 consecutive quarters of profitability Net income was $5.4 million, or $0.39 per basic and diluted share Net interest income after provision for credit losses increased 6.2% from December 31, 2023, primarily due to a stabilizing net interest margin and solid asset quality Total loans increased 3.9% to $2.54 billion at March 31, 2024 Total cash and cash equivalents increased by $123.5 million, or 191.9% to $187.8 million Total assets increased 7.1% to a record $3.29 billion Deposits increased to 4.3% to a record $2.62 billion Stockholders' equity increased 3.9% to a record $317.7 million Asset quality remains solid as net charge-offs to average loans were 0.00% Allowance for credit losses was 127.28% of nonperforming loans Lars B.

Farmers & Merchants Bancorp, Inc. Reports 2024 First-Quarter Financial Results

Mark Hutchinson Joins F&M Bank as Treasurer

ARCHBOLD, Ohio, April 24, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced that Mark Hutchinson has joined F&M as Treasurer. In this new position, Hutchinson will oversee certain financial operations including budgeting, planning, investing and other financial matters for the Bank.

Mark Hutchinson Joins F&M Bank as Treasurer

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