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How to buy Farmers-and-Merchants Bancorp stock | $23

Own Farmers-and-Merchants Bancorp stock in just a few minutes.

Fact checked

Farmers & Merchants Bancorp, Inc is a banks-regional business based in the US. Farmers-and-Merchants Bancorp shares (FMAO) are listed on the NASDAQ and all prices are listed in US Dollars. Farmers-and-Merchants Bancorp employs 374 staff and has a trailing 12-month revenue of around USD$65.4 million.

How to buy shares in Farmers-and-Merchants Bancorp

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Farmers-and-Merchants Bancorp. Find the stock by name or ticker symbol: FMAO. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Farmers-and-Merchants Bancorp reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$23, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Farmers-and-Merchants Bancorp, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Farmers-and-Merchants Bancorp. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Farmers-and-Merchants Bancorp share price

Use our graph to track the performance of FMAO stocks over time.

Farmers-and-Merchants Bancorp shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$23
52-week rangeUSD$17.0102 - USD$30.2072
50-day moving average USD$23.1249
200-day moving average USD$21.5501
Wall St. target priceUSD$24.5
PE ratio 14.179
Dividend yield USD$0.68 (2.96%)
Earnings per share (TTM) USD$1.62

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Farmers-and-Merchants Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Farmers-and-Merchants Bancorp price performance over time

Historical closes compared with the close of $23 from 2020-12-31

1 week (2021-01-15) -5.39%
1 month (2020-12-23) -0.30%
3 months (2020-10-23) 5.46%
6 months (2020-07-23) 4.69%
1 year (2020-01-23) -22.79%
2 years (2019-01-23) -24.76%
3 years (2018-01-23) 39.33
5 years (2016-01-22) 27.1

Is Farmers-and-Merchants Bancorp under- or over-valued?

Valuing Farmers-and-Merchants Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Farmers-and-Merchants Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Farmers-and-Merchants Bancorp's P/E ratio

Farmers-and-Merchants Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Farmers-and-Merchants Bancorp shares trade at around 14x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Farmers-and-Merchants Bancorp financials

Revenue TTM USD$65.4 million
Operating margin TTM 36.24%
Gross profit TTM USD$64.2 million
Return on assets TTM 1.06%
Return on equity TTM 7.66%
Profit margin 27.58%
Book value $21.989
Market capitalisation USD$256.3 million

TTM: trailing 12 months

Shorting Farmers-and-Merchants Bancorp shares

There are currently 221,098 Farmers-and-Merchants Bancorp shares held short by investors – that's known as Farmers-and-Merchants Bancorp's "short interest". This figure is 4.3% down from 231,048 last month.

There are a few different ways that this level of interest in shorting Farmers-and-Merchants Bancorp shares can be evaluated.

Farmers-and-Merchants Bancorp's "short interest ratio" (SIR)

Farmers-and-Merchants Bancorp's "short interest ratio" (SIR) is the quantity of Farmers-and-Merchants Bancorp shares currently shorted divided by the average quantity of Farmers-and-Merchants Bancorp shares traded daily (recently around 9870.4464285714). Farmers-and-Merchants Bancorp's SIR currently stands at 22.4. In other words for every 100,000 Farmers-and-Merchants Bancorp shares traded daily on the market, roughly 22400 shares are currently held short.

However Farmers-and-Merchants Bancorp's short interest can also be evaluated against the total number of Farmers-and-Merchants Bancorp shares, or, against the total number of tradable Farmers-and-Merchants Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Farmers-and-Merchants Bancorp's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Farmers-and-Merchants Bancorp shares in existence, roughly 20 shares are currently held short) or 0.022% of the tradable shares (for every 100,000 tradable Farmers-and-Merchants Bancorp shares, roughly 22 shares are currently held short).

A SIR above 20% would generally be considered very high, pointing to a pessimistic outlook for the share price, with a discouraging number of investors currently willing to bet against Farmers-and-Merchants Bancorp.

Find out more about how you can short Farmers-and-Merchants Bancorp stock.

Farmers-and-Merchants Bancorp share dividends

40%

Dividend payout ratio: 40% of net profits

Recently Farmers-and-Merchants Bancorp has paid out, on average, around 40% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.96% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Farmers-and-Merchants Bancorp shareholders could enjoy a 2.96% return on their shares, in the form of dividend payments. In Farmers-and-Merchants Bancorp's case, that would currently equate to about $0.68 per share.

While Farmers-and-Merchants Bancorp's payout ratio might seem fairly standard, it's worth remembering that Farmers-and-Merchants Bancorp may be investing much of the rest of its net profits in future growth.

Farmers-and-Merchants Bancorp's most recent dividend payout was on 20 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 28 December 2020 (the "ex-dividend date").

Have Farmers-and-Merchants Bancorp's shares ever split?

Farmers-and-Merchants Bancorp's shares were split on a 2:1 basis on 21 September 2017. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Farmers-and-Merchants Bancorp shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Farmers-and-Merchants Bancorp shares which in turn could have impacted Farmers-and-Merchants Bancorp's share price.

Farmers-and-Merchants Bancorp share price volatility

Over the last 12 months, Farmers-and-Merchants Bancorp's shares have ranged in value from as little as $17.0102 up to $30.2072. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Farmers-and-Merchants Bancorp's is 0.3097. This would suggest that Farmers-and-Merchants Bancorp's shares are less volatile than average (for this exchange).

Farmers-and-Merchants Bancorp overview

Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking account services, as well as savings and time deposit services, such as certificates of deposits; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer and credit card 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 operation lines of credit and machinery purchase loans. Further, it provides automated teller machine services; and online banking, remote deposit capture or electronic deposit processing, merchant credit card, and mobile banking services; and electronic transaction origination, such as wire and automated clearing house file transmittal services. As of February 05, 2020, the company operated through 30 offices. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.

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