- ISIN
- US30779N1054
- CUSIP
- 30779N105
- Sector
- Financial Services
- Industry
- Banks - Regional
- IPO Date
- Nov 23, 2004
Highlights
- EPS (TTM)
- $3.52
- PE Ratio
- 7.98
- PEG Ratio
- 0.38
- Total Revenue (TTM)
- $143.52M
- Gross Profit (TTM)
- $89.83M
- EBITDA (TTM)
- $37.49M
- Year Range
- $22.59 - $29.83
- Target Price
- $27.00
- ROA (TTM)
- 1.03%
- ROE (TTM)
- 9.56%
Share Price Chart
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Performance
FMAO Performance Chart
Farmers & Merchants Bancorp, Inc. (FMAO) is up 14.5% since the beginning of the year. At $28 per share, FMAO is trading 6.0% below its 52-week high of $30. Investors who bought $1,000 worth of FMAO shares 5 years ago would now be looking at an investment worth $1,484.
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Returns By Period
Farmers & Merchants Bancorp, Inc. (FMAO) has returned 14.49% so far this year and 26.35% over the past 12 months. Over the last ten years, FMAO has returned 10.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Farmers & Merchants Bancorp, Inc.
- 1D
- 2.37%
- 1M
- 2.94%
- YTD
- 14.49%
- 6M
- 17.07%
- 1Y
- 26.35%
- 3Y*
- 11.45%
- 5Y*
- 8.22%
- 10Y*
- 10.02%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
FMAO Monthly Returns History
Based on dividend-adjusted daily data since Nov 23, 2004, FMAO's average daily return is +0.04%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 52% of months were positive and 48% were negative. The best month was May 2017 with a return of +29.6%, while the worst month was May 2006 at -74.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FMAO closed higher 32% of trading days. The best single day was Mar 19, 2020 with a return of +22.0%, while the worst single day was May 15, 2006 at -72.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.54% | -3.62% | -0.73% | 5.26% | 4.29% | 0.43% | 14.49% | ||||||
| 2025 | -7.74% | -5.41% | -6.96% | 10.55% | -9.02% | 6.17% | -4.27% | 10.20% | -5.48% | -3.54% | 2.51% | 1.80% | -12.98% |
| 2024 | -8.87% | -10.62% | 11.44% | -8.03% | 7.61% | 5.26% | 19.74% | -0.15% | 0.58% | -1.12% | 23.64% | -11.48% | 23.07% |
| 2023 | 4.67% | -8.96% | -5.33% | -6.25% | -12.76% | 13.17% | -4.40% | -10.41% | -8.22% | 0.58% | 11.94% | 28.20% | -5.27% |
| 2022 | -3.78% | 5.57% | 8.97% | 5.81% | 5.36% | -17.64% | -7.09% | -6.82% | -5.19% | 8.89% | -1.98% | -4.49% | -14.95% |
| 2021 | -0.43% | 0.66% | 9.82% | -6.52% | -6.38% | -0.05% | 0.64% | 3.64% | -0.80% | 13.30% | 14.30% | 13.85% | 46.86% |
Benchmark Metrics
Farmers & Merchants Bancorp, Inc. has an annualized alpha of 4.52%, beta of 0.44, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since November 24, 2004.
- This stock participated in 75.10% of S&P 500 Index downside but only 40.75% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.44 may look defensive, but with R2 of 0.05 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
- R2 of 0.05 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.52%
- Beta
- 0.44
- R²
- 0.05
- Upside Capture
- 40.75%
- Downside Capture
- 75.10%
Return for Risk
Risk / Return Rank
FMAO ranks 63 for risk / return — better than 63% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Farmers & Merchants Bancorp, Inc. (FMAO) and compare them to S&P 500 Index.
| FMAO | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 2.39 | -1.65 |
Sortino ratioReturn per unit of downside risk | 1.27 | 3.25 | -1.99 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.43 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 3.11 | -1.64 |
Martin ratioReturn relative to average drawdown | 2.82 | 14.38 | -11.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Farmers & Merchants Bancorp, Inc. provided a 3.24% dividend yield over the last twelve months, with an annual payout of $0.91 per share. The company has been increasing its dividends for 15 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $0.90 | $0.88 | $0.85 | $0.81 | $0.71 | $0.66 | $0.61 | $0.56 | $0.50 | $0.46 | $0.44 |
Dividend yield | 3.24% | 3.64% | 3.00% | 3.43% | 2.99% | 2.16% | 2.87% | 2.02% | 1.45% | 1.23% | 2.60% | 3.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Farmers & Merchants Bancorp, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.23 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.23 | $0.00 | $0.23 | $0.90 |
| 2024 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.22 | $0.88 |
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.22 | $0.85 |
| 2022 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.81 |
| 2021 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.71 |
Dividend Yield & Payout
Dividend Yield
Farmers & Merchants Bancorp, Inc. has a dividend yield of 3.24%, which is quite average when compared to the overall market.
Payout Ratio
Farmers & Merchants Bancorp, Inc. has a payout ratio of 33.63%, which is quite average when compared to the overall market. This suggests that Farmers & Merchants Bancorp, Inc. strikes a balance between reinvesting profits for growth and paying dividends to shareholders.
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Farmers & Merchants Bancorp, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Farmers & Merchants Bancorp, Inc. was 84.94%, occurring on Nov 20, 2009. Recovery took 1956 trading sessions.
The current Farmers & Merchants Bancorp, Inc. drawdown is 26.64%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -84.94%Nov 2009 | 4y 3mo | 7y 9mo | 12y 21dAug 2005 - Sep 2017 |
COVID crash2020 | -62.88%Mar 2020 | 1y 8mo | — | 7y 11moJun 2018 - now |
2017 bear market2017 | -22.86%Sep 2017 | 5d | 3mo 1d | 3mo 6dSep 2017 - Dec 2017 |
2018 correction2018 | -19.53%Mar 2018 | 2mo 10d | 1mo 25d | 4mo 5dDec 2017 - Apr 2018 |
2018 pullback2018 | -9.82%May 2018 | 2d | 1mo 13d | 1mo 15dMay 2018 - Jun 2018 |
Drawdown Indicators
| FMAO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.94% | -56.78% | -28.16% |
Max Drawdown (1Y)Largest decline over 1 year | -17.92% | -9.10% | -8.82% |
Max Drawdown (3Y)Largest decline over 3 years | -34.97% | -18.90% | -16.07% |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | -25.43% | -31.73% |
Max Drawdown (10Y)Largest decline over 10 years | -62.88% | -33.92% | -28.96% |
Current DrawdownCurrent decline from peak | -26.64% | 0.00% | -26.64% |
Average DrawdownAverage peak-to-trough decline | -54.18% | -10.72% | -43.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.38% | 1.97% | +7.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Farmers & Merchants Bancorp, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Farmers & Merchants Bancorp, Inc. is priced in the market compared to other companies in the Banks - Regional industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for FMAO, comparing it with other companies in the Banks - Regional industry. Currently, FMAO has a P/E ratio of 8.0. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for FMAO compared to other companies in the Banks - Regional industry. FMAO currently has a PEG ratio of 0.4. This PEG ratio is close to the industry average, suggesting the stock’s valuation is balanced against its growth outlook.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for FMAO relative to other companies in the Banks - Regional industry. Currently, FMAO has a P/S ratio of 2.0. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.
Income Statement
| TTM | |
|---|---|
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Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
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Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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