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FMAOFMAOFinancial Services · Banks - Regional

FMAO Stock Forecast: Farmers & Merchants Bancorp, Inc. (Ohio) Price Predictions for 2026-2027

Last close, 8 Oct 2026
$35
+1.17% on the day

The 3 Wall Street analysts covering Farmers & Merchants Bancorp, Inc. (Ohio) hold a median 12-month price target of $36 — +2.0% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 88 of 100 as at 8 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.

Market cap
$480.7M
Ticker Nerd rank
88 / 100
Median analyst target
$36
Analysts covering
3
Revenue$33.2M+13.3% y/y
Net income$11.8M
Free cash flow$10.6M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+1.1%
1M
+1.3%
YTD
+45.3%
1Y
+45.1%
From 52W high
−1.4%
From 52W low
+57.4%
$22
$36
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

FMAO stock analysis: one number for the whole business

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.

Where the model ranks itAs at 8 Oct 2026
88 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Revisions
99
Momentum
95
Issuance
93
Growth
79
Quality
57
Size
53
Value
38
Accruals
29
Volatility
16

Revisions (99): Analysts have, on balance, been raising their forecasts.

Volatility (16): The share price moves around a lot.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

FMAO stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on FMAO, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$20$25$30$35Jan 26Apr 26Jul 26Oct 26FMAOHigh $36Median $36Low $36

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

What Wall Street says3 analysts
0 Buy3 Hold0 Sell
Low $36Median $36High $36

The green dot is the last close — the median target sits +2.0% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
29 July 2026Piper SandlerMaintainsNeutral$32 → $36
25 June 2026Piper SandlerMaintainsNeutral$29 → $32
25 June 2026Piper SandlerMaintainsNeutral—
27 Apr 2026Piper SandlerMaintainsNeutral—
2 Apr 2026Piper SandlerMaintainsNeutral—
5 Aug 2024Piper SandlerMaintainsNeutral—
12 June 2024Piper SandlerAssumesNeutral$24
5 Apr 2024Hovde GroupInitiatesMarket Perform—
1 Aug 2023Stephens & Co.ReiteratesEqual-Weight—
28 July 2023Piper SandlerDowngradeUnderweight—
9 Feb 2023Stephens & Co.MaintainsEqual-Weight—
21 Dec 2022Janney Montgomery ScottInitiatesNeutral—
24 Oct 2022Stephens & Co.MaintainsEqual-Weight—
21 Oct 2022Piper SandlerUpgradeNeutral—
22 Apr 2022Piper SandlerDowngradeUnderweight—
9 Oct 2020Stephens & Co.InitiatesEqual-Weight—
29 Sept 2020Piper SandlerMaintainsNeutral—
23 July 2020Piper SandlerMaintainsNeutral—
2 Oct 2019Piper SandlerInitiatesHold—
2 Oct 2019Sandler O'NeillInitiatesHold—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. FMAO appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

FMAO vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 8 Oct 2026, Farmers & Merchants Bancorp, Inc. (Ohio) returned +45.1% against +16.2% for the S&P 500, dividends included.

FMAO vs S&P 500, last 12 monthsTotal return, rebased to 100
90100110120130140150Jan 26Apr 26Jul 26Oct 26FMAOS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

FMAO analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+11.7%
Analysts raising
3
Analysts cutting
0
Fundamentals

Farmers & Merchants Bancorp, Inc. (Ohio) (FMAO) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
12.0×

Cheaper than 53% of US stocks

Price / sales
3.7×

Cheaper than 32% of US stocks

Price / book
1.2×

Cheaper than 64% of US stocks

EV / EBITDA
—
Growth & margins
Revenue growth (YoY)
17.5%

Higher than 66% of US stocks

Earnings growth (YoY)
53.0%

Higher than 76% of US stocks

Gross margin
—
Operating margin
46.3%

Higher than 95% of US stocks

Net margin
31.0%

Higher than 90% of US stocks

Returns & dividend
Return on equity
10.9%

Higher than 65% of US stocks

Return on assets
1.2%

Higher than 52% of US stocks

Dividend yield
2.9%

Higher than 85% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Farmers & Merchants Bancorp, Inc. (Ohio) (FMAO) statistics: revenue, profit & scale

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 $480.7M and an enterprise value of $536.7M.

  • Revenue in the twelve months to 30 June 2026: $126.5M. The latest quarter grew 17.5% 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.

  • Shares outstanding: 13.8M.

  • Trailing P/E: 12.0×; forward P/E: 10.7× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 2.86%, paying out 24% of earnings.

  • Farmers & Merchants Bancorp, Inc. (Ohio) employs 477 people — $265K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 8 Oct 2026

Data provided by Twelve Data

Peers

FMAO vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelBanks - Regional
CompanyMarket capTKN rank
FMAOFarmers & Merchants Bancorp, Inc. (Ohio)$480.7M
88
WTBAWest Bancorporation, Inc.$487.6M
80
PDLBPonce Financial Group, Inc.$484.6M
38
PBAMPrivate Bancorp of America, Inc.$489.5M
84
COFSChoiceOne Financial Services, Inc.$494.7M
79
OBTOrange County Bancorp, Inc.$499.4M
85
BSRRSierra Bancorp$514.9M
77

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 →

News

Latest FMAO news & analysis

Farmers & Merchants Bancorp: Rising NIM Supports Re-Rating

Seeking Alpha · 7 Oct 2026positive

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.

3 High-Yield Dividends Paying Soon. But Your Deadline to Buy Is Days Away

24/7 Wall Street · 6 Oct 2026neutral

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.

Dividend Champion, Contender, And Challenger Highlights: Week October 4

Seeking Alpha · 2 Oct 2026neutral

The article is a weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers, covering companies that changed their dividends and those with upcoming ex-dividend dates. It notes activity in the week through October 4 but does not specifically detail changes involving Farmers & Merchants Bancorp (FMAO).

Why it matters — This item is relevant for FMAO watchers as a reference point for tracking dividend changes and ex-dividend dates across comparable dividend-paying banks and companies.

Farmers & Merchants Bancorp: Shares Still Attractive Despite Recent Gains

Seeking Alpha · 2 Oct 2026positive

Farmers & Merchants Bancorp shares have risen roughly 50% since November, helped by cheaper funding and fixed-asset repricing that drove margin expansion. While the funding benefit may fade as rates rise, fixed-asset repricing is expected to continue, and credit quality remains strong with negligible charge-offs and non-performing assets.

Why it matters — The update indicates continued margin expansion potential and strong credit quality for FMAO watchers, reinforcing that shares remain attractive despite recent gains.

Farmers & Merchants Bancorp, Inc. Announces 32nd Consecutive Annual Increase in Dividend and a Special Dividend Commemorating America's 250th Anniversary

GlobeNewsWire · 29 Sept 2026positive

Farmers & Merchants Bancorp, Inc. announced a 5.5% year-over-year increase in its regular quarterly dividend to $0.24 per share, plus a special dividend of $0.01 per share commemorating America's 250th anniversary, bringing the total third-quarter payment to $0.25 per share. This marks the company's 32nd consecutive annual dividend increase.

Why it matters — This marks the 32nd consecutive annual dividend increase for FMAO, signaling a consistent track record of returning capital to shareholders.

FAQ

Frequently asked questions about FMAO stock

What is the FMAO stock price forecast for 2026-2027?

The 3 Wall Street analysts covering Farmers & Merchants Bancorp, Inc. (Ohio) have a median 12-month price target of $36, with estimates ranging from $36 to $36. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is FMAO stock a buy right now?

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) 88 out of 100 across roughly 4,600 US stocks as at 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FMAO?

As at 8 Oct 2026, Farmers & Merchants Bancorp, Inc. (Ohio) ranks 88 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 (99 of 100).

Will FMAO stock go up?

No one can know that. What the data says: the median 12-month target from 3 analysts implies +2.0% from the last close, and Ticker Nerd's factor model ranks Farmers & Merchants Bancorp, Inc. (Ohio) 88 out of 100 as at 8 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the FMAO stock forecast for 2030?

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 $36 over the next 12 months.

How has FMAO stock performed over the past year?

Farmers & Merchants Bancorp, Inc. (Ohio) returned +45.1% over the 12 months to 8 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Farmers & Merchants Bancorp, Inc. (Ohio) do?

Farmers & Merchants Bancorp, Inc. is a bank holding company headquartered in Archbold, Ohio.

What is the latest news on FMAO?

The most recent item we track (Seeking Alpha, 7 Oct 2026): "Farmers & Merchants Bancorp: Rising NIM Supports Re-Rating". 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.

Company

About Farmers & Merchants Bancorp, Inc. (Ohio).

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 · 477 employees · United States · https://www.fm.bank