FMAOFinancial Services · Banks - RegionalThe 3 Wall Street analysts covering Farmers & Merchants Bancorp, Inc. (Ohio) hold a median 12-month price target of $38 — +4.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 85 of 100 as at 31 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores Farmers & Merchants Bancorp, Inc. (Ohio) on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Revisions (98): Analysts have, on balance, been raising their forecasts.
Volatility (18): The share price moves around a lot.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on FMAO, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +4.3% from it.
Of the 20 most recent actions, 3 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 26 Oct 2026 | Piper Sandler | Maintains | Neutral | $36 → $39 |
| 29 July 2026 | Piper Sandler | Maintains | Neutral | $32 → $36 |
| 29 July 2026 | Piper Sandler | Maintains | Neutral | — |
| 25 June 2026 | Piper Sandler | Maintains | Neutral | $29 → $32 |
| 25 June 2026 | Piper Sandler | Maintains | Neutral | — |
| 27 Apr 2026 | Piper Sandler | Maintains | Neutral | — |
| 2 Apr 2026 | Piper Sandler | Maintains | Neutral | — |
| 5 Aug 2024 | Piper Sandler | Maintains | Neutral | — |
| 12 June 2024 | Piper Sandler | Assumes | Neutral | $24 |
| 5 Apr 2024 | Hovde Group | Initiates | Market Perform | — |
| 1 Aug 2023 | Stephens & Co. | Reiterates | Equal-Weight | — |
| 28 July 2023 | Piper Sandler | Downgrade | Underweight | — |
| 9 Feb 2023 | Stephens & Co. | Maintains | Equal-Weight | — |
| 21 Dec 2022 | Janney Montgomery Scott | Initiates | Neutral | — |
| 24 Oct 2022 | Stephens & Co. | Maintains | Equal-Weight | — |
| 21 Oct 2022 | Piper Sandler | Upgrade | Neutral | — |
| 22 Apr 2022 | Piper Sandler | Downgrade | Underweight | — |
| 9 Oct 2020 | Stephens & Co. | Initiates | Equal-Weight | — |
| 29 Sept 2020 | Piper Sandler | Maintains | Neutral | — |
| 23 July 2020 | Piper Sandler | Maintains | Neutral | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
FMAO appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 30 Oct 2026, Farmers & Merchants Bancorp, Inc. (Ohio) returned +58.9% against +12.4% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 53% of US stocks
Cheaper than 31% of US stocks
Cheaper than 61% of US stocks
Higher than 56% of US stocks
Higher than 66% of US stocks
Higher than 94% of US stocks
Higher than 91% of US stocks
Higher than 66% of US stocks
Higher than 52% of US stocks
Higher than 84% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Farmers & Merchants Bancorp, Inc. (Ohio) has a market value of $501.2M and an enterprise value of $506.9M.
Revenue in the twelve months to 30 June 2026: $126.5M. The latest quarter grew 11.2% year on year.
Net income over the same four quarters: $40.0M, a 31.6% net margin.
Diluted earnings per share, trailing twelve months: $2.91.
Free cash flow in the twelve months to 30 June 2026: $41.5M.
Farmers & Merchants Bancorp, Inc. (Ohio) spent $438K on share buybacks and $12.3M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 11.7×; forward P/E: 10.7× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 2.74%, paying out 22% of earnings.
Farmers & Merchants Bancorp, Inc. (Ohio) employs 486 people — $260K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
| Company | Market cap | TKN rank |
|---|---|---|
| FMAOFarmers & Merchants Bancorp, Inc. (Ohio) | $501.2M | 85 |
| CZNCCitizens & Northern Corp. | $503.2M | 71 |
| WTBAWest Bancorporation, Inc. | $506.7M | 88 |
| PBAMPrivate Bancorp of America, Inc. | $489.0M | 87 |
| FRBAFirst Bank (Hamilton, New Jersey) | $488.1M | 84 |
| OBTOrange County Bancorp, Inc. | $518.8M | 91 |
| HBCPHome Bancorp, Inc. | $474.5M | 58 |
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Farmers & Merchants Bancorp, Inc. (Ohio) — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Farmers & Merchants Bancorp, Inc. reported consolidated financial results for the third quarter and year-to-date period ended September 30, 2026.
Why it matters — The report provides FMAO watchers with the company’s latest quarterly and year-to-date financial update.
Seeking Alpha published its weekly roundup of dividend activity for Dividend Champions, Contenders, and Challengers, including companies that changed dividends and those with upcoming ex-dividend dates. The excerpt does not identify any specific FMAO dividend activity.
Why it matters — FMAO watchers may find the roundup relevant to monitoring dividend changes and upcoming ex-dividend dates, though the excerpt provides no FMAO-specific details.
Seeking Alpha's weekly dividend roundup highlighted seven dividend increases and two special dividend declarations. It noted ACN's 4.91% payout increase and double-digit hikes at CHCO, DAC, and AFG.
Why it matters — The roundup does not mention FMAO, so it provides no company-specific dividend update for FMAO watchers.
Seeking Alpha highlights Farmers & Merchants Bancorp’s 3.48% net interest margin, up 26 basis points year over year, and notes that 42% of loans are set to reprice within the next year. The article also cites valuation discounts and projected returns and earnings growth.
Why it matters — Loan repricing and the reported margin increase are relevant to FMAO watchers tracking the company’s net interest income prospects.
Three dividend payers on this week’s calendar share an ex-dividend date of October 9, 2026. Thursday, October 8, is the last trading day to buy shares and qualify for the next payment.
Why it matters — The item highlights a dividend deadline, but the excerpt does not identify FMAO as one of the three payers.
The 3 Wall Street analysts covering Farmers & Merchants Bancorp, Inc. (Ohio) have a median 12-month price target of $38, with estimates ranging from $36 to $39. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 3 analysts covering Farmers & Merchants Bancorp, Inc. (Ohio), 0 rate it a Buy, 3 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Farmers & Merchants Bancorp, Inc. (Ohio) 85 out of 100 across roughly 4,600 US stocks as at 31 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 31 Oct 2026, Farmers & Merchants Bancorp, Inc. (Ohio) ranks 85 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (98 of 100).
No one can know that. What the data says: the median 12-month target from 3 analysts implies +4.3% from the last close, and Ticker Nerd's factor model ranks Farmers & Merchants Bancorp, Inc. (Ohio) 85 out of 100 as at 31 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Farmers & Merchants Bancorp, Inc. (Ohio) publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FMAO are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $36 to $39 over the next 12 months.
Farmers & Merchants Bancorp, Inc. (Ohio) returned +58.9% over the 12 months to 30 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Farmers & Merchants Bancorp, Inc. is a bank holding company headquartered in Archbold, Ohio.
The most recent item we track (GlobeNewsWire, 22 Oct 2026): "Farmers & Merchants Bancorp, Inc. Reports 2026 Third-Quarter and Year-to-Date Financial Results". Farmers & Merchants Bancorp, Inc. reported consolidated financial results for the third quarter and year-to-date period ended September 30, 2026.
Farmers & Merchants Bancorp, Inc. is a bank holding company headquartered in Archbold, Ohio. Through its primary subsidiary, The Farmers & Merchants State Bank, the company provides commercial banking, retail banking, and a broad range of financial services to individuals, small businesses, and agricultural customers across Northwest Ohio, Northeast Indiana, and Southeast Michigan. Its offerings include checking and savings accounts, time deposits, certificates of deposit, and custodial services for retirement and health savings accounts. The lending portfolio covers commercial, agricultural, residential, and consumer loans, along with financing for farm land, equipment, livestock, and operating needs. Farmers & Merchants Bancorp also supports customers through online and mobile banking, bill payment, remote deposit capture, and ATM and interactive teller services.
CEO Mr. Lars B. Eller · 486 employees · United States · https://www.fm.bank
