Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Rating Cut to “Hold” at Zacks Research

Posted by George Bondi on Oct 1st, 2026

Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Farmers & Merchants Bancorp in a research report on Monday, September 14th. Finally, Piper Sandler reissued a “neutral” rating and issued a $36.00 price target (up from $32.00) on shares of Farmers & Merchants Bancorp in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Farmers & Merchants Bancorp currently has a consensus rating of “Hold” and a consensus target price of $32.25.

Read Our Latest Research Report on FMAO

Farmers & Merchants Bancorp Stock Down 0.3%

FMAO stock opened at $34.62 on Tuesday. The stock has a market cap of $476.72 million, a PE ratio of 11.90 and a beta of 0.80. The firm’s 50-day simple moving average is $34.47 and its 200 day simple moving average is $30.12. Farmers & Merchants Bancorp has a fifty-two week low of $22.77 and a fifty-two week high of $36.12. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.

Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.19. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.72%. The firm had revenue of $34.35 million during the quarter, compared to analyst estimates of $33.05 million. As a group, sell-side analysts predict that Farmers & Merchants Bancorp will post 3.05 EPS for the current year.

Insider Activity

In related news, Director Andrew J. Briggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $34.76, for a total transaction of $104,280.00. Following the transaction, the director owned 72,550 shares in the company, valued at $2,521,838. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 42,402 shares of company stock valued at $1,407,190 in the last ninety days. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at $249,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Farmers & Merchants Bancorp in the second quarter valued at $230,000. Empowered Funds LLC acquired a new stake in shares of Farmers & Merchants Bancorp in the second quarter valued at $907,000. Bank of America Corp DE bought a new position in Farmers & Merchants Bancorp during the second quarter valued at about $439,000. Finally, Man Group plc bought a new position in Farmers & Merchants Bancorp during the second quarter valued at about $535,000. 23.96% of the stock is currently owned by institutional investors and hedge funds.

Farmers & Merchants Bancorp Company Profile

(Get Free Report)

Farmers & Merchants Bancorp, Inc is a bank holding company headquartered in Archbold, Ohio. Its principal subsidiary, Farmers & Merchants Bank, is a community bank that provides financial services to individuals, families, farmers, and businesses.

The bank offers deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, commercial loans, and other credit products. It also provides online and mobile banking, treasury management, trust and investment services, and other financial solutions designed to support personal and business banking needs.

Farmers & Merchants Bank traces its history to 1897 and serves communities primarily in northwest Ohio and southeast Michigan through its branch network and digital banking channels.