Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- Analyst Ratings
Upturn AI SWOT - About
FMAO 
Farmers & Merchants Bancorp Inc (FMAO)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: FMAO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -12.12% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 328.26M USD | Price to earnings Ratio 12.61 | 1Y Target Price 28.38 |
Price to earnings Ratio 12.61 | 1Y Target Price 28.38 | ||
Volume (30-day avg) 15237 | Beta 0.68 | 52 Weeks Range 19.15 - 33.89 | Updated Date 04/2/2025 |
52 Weeks Range 19.15 - 33.89 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 3.71% | Basic EPS (TTM) 1.9 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 25.63% | Operating Margin (TTM) 44.02% |
Management Effectiveness
Return on Assets (TTM) 0.78% | Return on Equity (TTM) 7.96% |
Valuation
Trailing PE 12.61 | Forward PE 15.92 | Enterprise Value 458641760 | Price to Sales(TTM) 3.24 |
Enterprise Value 458641760 | Price to Sales(TTM) 3.24 | ||
Enterprise Value to Revenue 6.14 | Enterprise Value to EBITDA - | Shares Outstanding 13700300 | Shares Floating 12326180 |
Shares Outstanding 13700300 | Shares Floating 12326180 | ||
Percent Insiders 8.66 | Percent Institutions 27.63 |
Analyst Ratings
Rating 3 | Target Price 30.25 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 4 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Farmers & Merchants Bancorp Inc
Company Overview
History and Background
Farmers & Merchants Bancorp, Inc. was founded in 1897 and headquartered in Archbold, Ohio. It has grown organically and through acquisitions to become a multi-branch community bank serving Northwest Ohio, Northeast Indiana, and Southeast Michigan.
Core Business Areas
- Commercial Banking: Provides a range of commercial loans, deposit accounts, and cash management services to businesses of all sizes.
- Retail Banking: Offers deposit accounts, personal loans, mortgages, and other retail banking services to individuals and families.
- Wealth Management: Provides investment management, financial planning, and trust services.
Leadership and Structure
The company is led by a board of directors and an executive management team. The structure consists of various departments overseeing lending, operations, finance, and other key functions.
Top Products and Market Share
Key Offerings
- Commercial Loans: Loans to businesses for working capital, equipment purchases, and real estate. Market share data is difficult to obtain precisely, but they compete with larger regional and national banks. Competitors: KeyCorp (KEY), Fifth Third Bancorp (FITB).
- Residential Mortgages: Mortgages for home purchases and refinancing. Competitors: Huntington Bancshares (HBAN), U.S. Bancorp (USB).
- Deposit Accounts: Checking, savings, and money market accounts for individuals and businesses. Market share varies by location. Competitors: Chase (JPM), PNC (PNC).
Market Dynamics
Industry Overview
The banking industry is currently facing increasing regulatory scrutiny, competition from fintech companies, and rising interest rates.
Positioning
Farmers & Merchants Bancorp Inc. is positioned as a community bank focusing on relationship banking and local market expertise. Its competitive advantage lies in its personalized service and understanding of the local community.
Total Addressable Market (TAM)
The TAM for community banking services in their operating regions is estimated to be in the billions. FMAO is positioned to capture a portion through local relationships, superior service and a deep community presence.
Upturn SWOT Analysis
Strengths
- Strong local presence and brand recognition
- Experienced management team
- High customer loyalty
- Conservative lending practices
Weaknesses
- Limited geographic reach compared to larger banks
- Lower technology investment than larger banks
- Dependence on local economy
Opportunities
- Expansion into new markets through acquisitions or branch openings
- Increased adoption of digital banking services
- Growing demand for wealth management services
Threats
- Increased competition from larger banks and fintech companies
- Economic downturn in local markets
- Rising interest rates and regulatory costs
Competitors and Market Share
Key Competitors
- HBAN
- KEY
- PNC
- USB
Competitive Landscape
Farmers & Merchants Bancorp Inc. benefits from its focus on personalized service in a local area. However, these advantages must be weighed against national players.
Major Acquisitions
The State Bank and Trust Company
- Year: 2020
- Acquisition Price (USD millions): 72.8
- Strategic Rationale: Expanded Farmers & Merchants Bancorp Inc's presence into the Defiance, Ohio market.
Growth Trajectory and Initiatives
Historical Growth: Farmers & Merchants Bancorp Inc. has grown steadily through organic growth and strategic acquisitions.
Future Projections: Future growth projections vary. Analysts estimates are not available for live updation. Please refer to financial sites like Yahoo finance for up to date information.
Recent Initiatives: Recent initiatives include expanding digital banking offerings and investing in new technologies.
Summary
Farmers & Merchants Bancorp Inc. is a well-established community bank with a strong local presence. It benefits from high customer loyalty and a conservative lending approach. To compete with larger banks, it will be vital to invest in technological advances and digital banking.
Similar Companies
CMA
Comerica Inc
CMA
Comerica Inc
FFBC
First Financial Bancorp
FFBC
First Financial Bancorp
HBAN
Huntington Bancshares Incorporated
HBAN
Huntington Bancshares Incorporated
KEY
KeyCorp
KEY
KeyCorp
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Third-party financial data providers
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice. Market share data is estimated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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 473 | Website https://www.fm.bank |
Full time employees 473 | 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.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.