Farmers & Merchants Bancorp stock

FMAONASDAQ

Farmers & Merchants Bancorp, Inc., Financial ServicesISIN US30779N1054

$36.88▲ $0.18 (+0.5%)Closing price of 12 Nov 2026

69Score 69 out of 100, Neutral

Turn on early warning

Price and trend

83 / 100

Price history

+50% in one year

The chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

TrendAbove the 200-day line, momentum normal

Long-term trend

Above the 200-day line: the price is 21% above it.

Trend change

Since December 2025 the 50-day line has been above the 200-day line; the trend has turned up.

Momentum

Normal: the price is neither overheated nor sold off (RSI 53).

Distance to the high

The price is 1.6% below its 52-week high. Largest decline in 20 years: 65% (June 2018 to October 2023).

Chart figures for advanced users

SMA 50$35.66: Average price of the last 50 trading days, shows the short-term trend.
SMA 200$30.53: Average price of the last 200 trading days, shows the long-term trend.
RSI (14)53: Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDbelow the signal line: Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$23.14: The lowest closing price of the last twelve months.
Resistance$37.48: The highest closing price of the last twelve months.

What would $1,000 in Farmers & Merchants Bancorp have become?Return triangle for Farmers & Merchants Bancorp

Market cap

$505.03M

Div. yield

2.56%

12 months

11.8

Fair value

$30.22

Snapshot

Computed from the data by fixed rules, no AI

Farmers & Merchants Bancorp, Inc. belongs to the Banks (Regional) industry (United States) and, with a market value of $507.5M, is number 372 of 422 companies in its industry on MEQIRI.
In fiscal 2025 it reported revenue of $119.84M (up 21.2% year on year) and earnings of $33.31M (up 28.4%).
MEQIRI Score 69 out of 100 (Neutral): rank 456 of 976 in Financial Services, median 68.

The P/E is 11.9 (Banks (Regional) median 12.2, own median of recent years 15.2).
Our model puts fair value at $30.22, with the price 21% above it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 81
Earnings per share growingUp 13.6% a year since 2020.Growth 70

Weaknesses

DilutionShare count up 24% since 2020.Capital allocation 42

69/ 100

Score

Neutral

Its standout strengths are momentum and technical analysis, while capital allocation holds the score back.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Score since yesterday from 70 to 69.

The fundamentals are strong overall.

Profit consistency100% of years

Cash conversion (free cash flow to earnings)not used for financials

ROE (12 months)11.2%

Positive free cash flownot used for financials

How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk low

How well MEQIRI warns

One of the 30% with the lowest crash risk among smaller stocks.

From 2016 to 2025, 14 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.

What lowers it

calm price action
solid fundamentals
price near its 52-week high

Valuation

Valuation signal

Modestly overvalued

Price

$36.70

Fair value

$30.22

Gap to fair value

+21%

Closing price of 11 Nov 2026, used by the daily score.

In our model the price counts as cheap below $23.24 and expensive above $43.17 (uncertainty medium, based on the price swings of the past year).

The two parts of the fair value come to $22.53 (excess return model) and $37.90 (industry comparison), and the gap between them shows how uncertain the estimate is.

Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $28.34, at 7.8% it would be $33.03.

Valuation metrics

1.31

11.2%

last 12 months, profit over average equity

Fair value (model)

$30.22

Earnings part $37.90 (earnings per share $3.10 × 12.2)

Half from the excess return model, half from earnings times the industry P/E (12.2).

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

20 years

In the twelve months to 30 Sep 2026, revenue rose 17.1% on the twelve months before. Revenue has grown solidly since 2006, at about 8% per year.

Margins

20 years

Operating margin
Net margin

In fiscal 2025: operating 35%, net 28%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out.

Debt & balance sheet

latest quarter

0.56

Equity

$386.93M

0.22

Cash & equivalents

$662.31M

For banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.

Earnings

Next earnings: 11 Feb 2027in 91 days
Last reported: 22 Oct 2026EPS reported $0.84 (expected $0.80)above expectations

Analyst estimates

Fiscal 20262 analysts

Earnings per share: $3.22+1.6%
Revenue: $137.35M+0.5%

Fiscal 20272 analysts

Earnings per share: $3.40+4.0%
Revenue: $147.75M+2.0%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Insiders1 insider bought and 2 insiders sold in the last 6 months

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

One insider bought on the open market in the last 6 months, $10,341 in total. 2 insiders sold, $5.94M in total.

Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.

Briggs Andrew JSale
18 Aug 2026, Board
Shares
2,402
Price
$35.05
Value
$84,190
Briggs Andrew JSale
17 Aug 2026, Board
Shares
3,000
Price
$35.11
Value
$105,330
Briggs Andrew JSale
14 Aug 2026, Board
Shares
3,000
Price
$35.38
Value
$106,140

Show 64 more

Briggs Andrew JSale
13 Aug 2026, Board
Shares
3,000
Price
$35.19
Value
$105,570
Briggs Andrew JSale
12 Aug 2026, Board
Shares
3,000
Price
$34.94
Value
$104,820
Briggs Andrew JSale
11 Aug 2026, Board
Shares
3,000
Price
$34.46
Value
$103,380
Briggs Andrew JSale
10 Aug 2026, Board
Shares
3,000
Price
$34.54
Value
$103,620
Briggs Andrew JSale
7 Aug 2026, Board
Shares
3,000
Price
$34.08
Value
$102,240
Briggs Andrew JSale
6 Aug 2026, Board
Shares
3,000
Price
$34.24
Value
$102,720
Gerken David RSale
6 Aug 2026, EVP/CLO
Shares
1,000
Price
$33.72
Value
$33,720
Briggs Andrew JSale
5 Aug 2026, Board
Shares
3,000
Price
$34.76
Value
$104,280
Briggs Andrew JSale
4 Aug 2026, Board
Shares
3,000
Price
$33.67
Value
$101,010
Briggs Andrew JSale
3 Aug 2026, Board
Shares
3,000
Price
$33.69
Value
$101,070
Allen Gregory RPurchase
3 Aug 2026, Board
Shares
300
Price
$34.47
Value
$10,341
Briggs Andrew JSale
31 Jul 2026, Board
Shares
3,000
Price
$33.07
Value
$99,210
Briggs Andrew JSale
30 Jul 2026, Board
Shares
3,000
Price
$34.86
Value
$104,580
Briggs Andrew JSale
29 Jul 2026, Board
Shares
3,000
Price
$34.48
Value
$103,440
Briggs Andrew JSale
28 Jul 2026, Board
Shares
3,000
Price
$31.59
Value
$94,770
Briggs Andrew JSale
27 Jul 2026, Board
Shares
3,000
Price
$30.98
Value
$92,940
Briggs Andrew JSale
24 Jul 2026, Board
Shares
3,000
Price
$30.44
Value
$91,320
Briggs Andrew JSale
23 Jul 2026, Board
Shares
3,000
Price
$29.95
Value
$89,850
Briggs Andrew JSale
22 Jul 2026, Board
Shares
3,000
Price
$30.84
Value
$92,520
Briggs Andrew JSale
21 Jul 2026, Board
Shares
3,000
Price
$30.75
Value
$92,250
Briggs Andrew JSale
20 Jul 2026, Board
Shares
3,000
Price
$30.47
Value
$91,410
Briggs Andrew JSale
17 Jul 2026, Board
Shares
3,000
Price
$31.06
Value
$93,180
Briggs Andrew JSale
16 Jul 2026, Board
Shares
3,000
Price
$30.06
Value
$90,180
Briggs Andrew JSale
15 Jul 2026, Board
Shares
3,000
Price
$29.81
Value
$89,430
Briggs Andrew JSale
14 Jul 2026, Board
Shares
3,000
Price
$30.10
Value
$90,300
Briggs Andrew JSale
13 Jul 2026, Board
Shares
3,000
Price
$29.77
Value
$89,310
Briggs Andrew JSale
10 Jul 2026, Board
Shares
3,000
Price
$29.52
Value
$88,560
Briggs Andrew JSale
9 Jul 2026, Board
Shares
3,000
Price
$29.42
Value
$88,260
Briggs Andrew JSale
8 Jul 2026, Board
Shares
3,000
Price
$30.15
Value
$90,450
Briggs Andrew JSale
7 Jul 2026, Board
Shares
3,000
Price
$30.72
Value
$92,160
Briggs Andrew JSale
6 Jul 2026, Board
Shares
3,000
Price
$30.67
Value
$92,010
Briggs Andrew JSale
2 Jul 2026, Board
Shares
3,000
Price
$31.53
Value
$94,590
Briggs Andrew JSale
1 Jul 2026, Board
Shares
3,000
Price
$30.58
Value
$91,740
Briggs Andrew JSale
30 Jun 2026, Board
Shares
3,000
Price
$30.46
Value
$91,380
Briggs Andrew JSale
29 Jun 2026, Board
Shares
3,000
Price
$30.09
Value
$90,270
Briggs Andrew JSale
26 Jun 2026, Board
Shares
3,000
Price
$29.98
Value
$89,940
Briggs Andrew JSale
25 Jun 2026, Board
Shares
3,000
Price
$29.62
Value
$88,860
Briggs Andrew JSale
24 Jun 2026, Board
Shares
3,000
Price
$29.17
Value
$87,510
Briggs Andrew JSale
23 Jun 2026, Board
Shares
3,000
Price
$28.66
Value
$85,980
Briggs Andrew JSale
22 Jun 2026, Board
Shares
6,000
Price
$28.72
Value
$172,320
Briggs Andrew JSale
18 Jun 2026, Board
Shares
3,000
Price
$28.75
Value
$86,250
Briggs Andrew JSale
17 Jun 2026, Board
Shares
3,000
Price
$28.63
Value
$85,890
Briggs Andrew JSale
16 Jun 2026, Board
Shares
3,000
Price
$28.39
Value
$85,170
Briggs Andrew JSale
15 Jun 2026, Board
Shares
3,000
Price
$28.80
Value
$86,400
Briggs Andrew JSale
12 Jun 2026, Board
Shares
3,000
Price
$28.39
Value
$85,170
Gerken David RSale
11 Jun 2026, Executive Vice President
Shares
825
Price
$28.16
Value
$23,232
Briggs Andrew JSale
11 Jun 2026, Board
Shares
3,000
Price
$28.54
Value
$85,620
Briggs Andrew JSale
10 Jun 2026, Board
Shares
3,000
Price
$28.70
Value
$86,100
Briggs Andrew JSale
9 Jun 2026, Board
Shares
3,000
Price
$28.23
Value
$84,690
Briggs Andrew JSale
8 Jun 2026, Board
Shares
3,000
Price
$27.99
Value
$83,970
Briggs Andrew JSale
5 Jun 2026, Board
Shares
3,000
Price
$27.81
Value
$83,430
Briggs Andrew JSale
4 Jun 2026, Board
Shares
3,000
Price
$27.36
Value
$82,080
Briggs Andrew JSale
29 May 2026, Director
Shares
3,000
Price
$27.76
Value
$83,280
Briggs Andrew JSale
28 May 2026, Director
Shares
3,000
Price
$27.60
Value
$82,800
Briggs Andrew JSale
27 May 2026, Director
Shares
3,000
Price
$27.78
Value
$83,340
Briggs Andrew JSale
26 May 2026, Director
Shares
3,000
Price
$27.59
Value
$82,770
Briggs Andrew JSale
22 May 2026, Director
Shares
3,000
Price
$27.74
Value
$83,220
Briggs Andrew JSale
21 May 2026, Director
Shares
3,000
Price
$27.37
Value
$82,110
Briggs Andrew JSale
20 May 2026, Director
Shares
3,000
Price
$27.06
Value
$81,180
Briggs Andrew JSale
19 May 2026, Director
Shares
3,000
Price
$27.05
Value
$81,150
Briggs Andrew JSale
18 May 2026, Director
Shares
3,000
Price
$26.44
Value
$79,320
Briggs Andrew JSale
15 May 2026, Director
Shares
3,000
Price
$26.57
Value
$79,710
Briggs Andrew JSale
14 May 2026, Director
Shares
3,000
Price
$26.66
Value
$79,980
Briggs Andrew JSale
13 May 2026, Director
Shares
3,000
Price
$26.77
Value
$80,310

Trade date	Person	Type	Shares	Price	Value	Holding
18 Aug 2026	Briggs Andrew JBoard	Sale	2,402	$35.05	$84,190	49,148
17 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$35.11	$105,330	51,550
14 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$35.38	$106,140	54,550
13 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$35.19	$105,570	57,550
12 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$34.94	$104,820	60,550
11 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$34.46	$103,380	63,550
10 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$34.54	$103,620	66,550
7 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$34.08	$102,240	69,550
6 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$34.24	$102,720	72,550
6 Aug 2026	Gerken David REVP/CLO	Sale	1,000	$33.72	$33,720	6,509
5 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$34.76	$104,280	75,550
4 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$33.67	$101,010	78,550
3 Aug 2026	Briggs Andrew JBoard	Sale	3,000	$33.69	$101,070	81,550
3 Aug 2026	Allen Gregory RBoard	Purchase	300	$34.47	$10,341	300
31 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$33.07	$99,210	84,550
30 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$34.86	$104,580	87,550
29 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$34.48	$103,440	90,550
28 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$31.59	$94,770	93,550
27 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.98	$92,940	96,550
24 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.44	$91,320	99,550
23 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$29.95	$89,850	102,550
22 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.84	$92,520	105,550
21 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.75	$92,250	108,550
20 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.47	$91,410	111,550
17 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$31.06	$93,180	114,550
16 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.06	$90,180	117,550
15 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$29.81	$89,430	120,550
14 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.10	$90,300	123,550
13 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$29.77	$89,310	126,550
10 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$29.52	$88,560	129,550
9 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$29.42	$88,260	132,550
8 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.15	$90,450	135,550
7 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.72	$92,160	138,550
6 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.67	$92,010	141,550
2 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$31.53	$94,590	144,550
1 Jul 2026	Briggs Andrew JBoard	Sale	3,000	$30.58	$91,740	147,550
30 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$30.46	$91,380	150,550
29 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$30.09	$90,270	153,550
26 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$29.98	$89,940	156,550
25 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$29.62	$88,860	159,550
24 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$29.17	$87,510	162,550
23 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$28.66	$85,980	165,550
22 Jun 2026	Briggs Andrew JBoard	Sale	6,000	$28.72	$172,320	168,550
18 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$28.75	$86,250	174,550
17 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$28.63	$85,890	177,550
16 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$28.39	$85,170	180,550
15 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$28.80	$86,400	183,550
12 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$28.39	$85,170	186,550
11 Jun 2026	Gerken David RExecutive Vice President	Sale	825	$28.16	$23,232	7,509
11 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$28.54	$85,620	189,550
10 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$28.70	$86,100	192,550
9 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$28.23	$84,690	195,550
8 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$27.99	$83,970	198,550
5 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$27.81	$83,430	201,550
4 Jun 2026	Briggs Andrew JBoard	Sale	3,000	$27.36	$82,080	204,085
29 May 2026	Briggs Andrew JDirector	Sale	3,000	$27.76	$83,280	216,085
28 May 2026	Briggs Andrew JDirector	Sale	3,000	$27.60	$82,800	219,085
27 May 2026	Briggs Andrew JDirector	Sale	3,000	$27.78	$83,340	222,085
26 May 2026	Briggs Andrew JDirector	Sale	3,000	$27.59	$82,770	225,085
22 May 2026	Briggs Andrew JDirector	Sale	3,000	$27.74	$83,220	228,085
21 May 2026	Briggs Andrew JDirector	Sale	3,000	$27.37	$82,110	231,085
20 May 2026	Briggs Andrew JDirector	Sale	3,000	$27.06	$81,180	234,085
19 May 2026	Briggs Andrew JDirector	Sale	3,000	$27.05	$81,150	237,085
18 May 2026	Briggs Andrew JDirector	Sale	3,000	$26.44	$79,320	240,085
15 May 2026	Briggs Andrew JDirector	Sale	3,000	$26.57	$79,710	243,085
14 May 2026	Briggs Andrew JDirector	Sale	3,000	$26.66	$79,980	246,085
13 May 2026	Briggs Andrew JDirector	Sale	3,000	$26.77	$80,310	249,085

Show 59 more

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at Farmers & Merchants Bancorp2 events in recent months

What happened at Farmers & Merchants Bancorp

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparisonRank 456 of 976 in Financial Services

Sector comparison

976 rated companies in Financial Services

Rank 456 of 976

456/ 976

This company: 69
Sector median: 68

Categories against the sector median

ProfitabilityMedian of 976 companies54 (median 57)3 below the median

GrowthMedian of 976 companies70 (median 67)3 above the median

FundamentalsMedian of 976 companies81 (median 80)1 above the median

ValuationMedian of 929 companies with a value59 (median 73)14 below the median

StabilityMedian of 976 companies74 (median 78)4 below the median

Capital allocationMedian of 976 companies42 (median 56)14 below the median

Technical analysisMedian of 976 companies83 (median 70)13 above the median

MomentumMedian of 976 companies91 (median 70)21 above the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Banks (Regional)

The next larger and next smaller companies by market value

All 422 Banks (Regional) stocks

ETFs that hold Farmers & Merchants BancorpHeld by 6 ETFs on Xetra

ETFs that hold Farmers & Merchants Bancorp

Held by 6 ETFs on Xetra. Shown per index: the ETF with the largest weight.

ETF	Weight	Cost	Fund size
WisdomTree US Equity Income UCITS ETF EUR Hedged AccWTDY	0.03%	0.35%	€204.34M
WisdomTree US High Dividend UCITS ETF AccWTD9	0.03%	0.29%	€182.46M
Avantis Global Small Cap Value UCITS ETFAVWS	0.03%	0.39%	€1.47B

Show 2 more

State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR	0.02%	0.30%	€4.22B
Xtrackers Russell 2000 UCITS ETF 1CXRS2	0.02%	0.30%	€2.17B

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sourcesWhen it was calculated, from which sources

Data status and sources

Score: Daily value of 12 Nov 2026, recalculated nightly
Price: Closing price of 12 Nov 2026
Latest annual report: Fiscal year 2025, period end 31 Dec 2025
Source: Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Original filings at the SEC Report a data error

Mandatory disclosures for this rating

Computed on 12 Nov 2026, 04:07 Berlin time; time horizon around 12 months
Rated Neutral since 12 Nov 2026, previously Strong
Valuation signal Fairly valued since 7 Nov 2026
End-of-day prices, metrics cached for up to 24 hours
Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

Full disclosures, methodology and data sources All ratings of the last 12 months How the score is calculated

Farmers & Merchants Bancorp stock

Price and trend

Price history

Snapshot

In plain words

Strengths

Weaknesses

Score overview

Score history

Crash risk low

Valuation

Valuation signal

Valuation metrics

Company performance

Revenue

Earnings (net income)

Operating income

Earnings per share

Shares outstanding

Shareholders' equity

Book value per share

Dividend per share

Margins

Returns on capital

Price to book (P/B)

Debt & balance sheet

Earnings

Analyst estimates

Insiders

What happened at Farmers & Merchants Bancorp

Sector comparison

Categories against the sector median

Competitors in Banks (Regional)

ETFs that hold Farmers & Merchants Bancorp

Data status and sources

Mandatory disclosures for this rating