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Farmers & Merchants Bancorp - FMAO Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $32.25
  • Forecasted Upside: -4.46%
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 1 Strong Buy Ratings
$33.75 As of 08/24/2026 10:44 AM ET
▼ -0.296 (-0.87%)

This chart shows the closing price for FMAO by one month, three months, or twelve months.

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Analyst Price Target for FMAO

Analyst Price Target is $32.25
▼ -4.46% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for Farmers & Merchants Bancorp in the last 3 months. The average price target is $32.25, with a high forecast of $36.00 and a low forecast of $28.50. The average price target represents a -4.46% upside from the last price of $33.75.

This chart shows the closing price for FMAO for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 4 investment analysts is to moderate buy stock in Farmers & Merchants Bancorp. This rating changed within the last month from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/1/2025
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/30/2025
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/28/2025
  • 1 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/26/2025
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
2/24/2026
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/25/2026
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
7/24/2026
  • 1 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
8/23/2026

Latest Recommendations

  • 1 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
7/29/2026Piper SandlerReiterated RatingNeutral ➝ Neutral$32.00 ➝ $36.00
7/29/2026Zacks ResearchUpgradeHold ➝ Strong-Buy
6/25/2026Piper SandlerReiterated RatingNeutral ➝ Neutral$28.50 ➝ $32.00
6/18/2026Weiss RatingsUpgradeBuy (B-) ➝ Buy (B)
6/2/2026Weiss RatingsDowngradeBuy (B) ➝ Buy (B-)
5/18/2026Weiss RatingsUpgradeBuy (B-) ➝ Buy (B)
4/27/2026Piper SandlerReiterated RatingNeutral ➝ Neutral$28.00 ➝ $28.50
4/24/2026Hovde GroupLower TargetMarket Perform$30.00 ➝ $28.50
4/6/2026Weiss RatingsUpgradeHold (C+) ➝ Buy (B-)
4/2/2026Piper SandlerInitiated CoverageNeutral ➝ Neutral$31.00 ➝ $28.00
12/30/2025Zacks ResearchDowngradeStrong-Buy ➝ Hold
12/29/2025Weiss RatingsReiterated RatingHold (C) ➝ Hold (C)
12/16/2025Weiss RatingsReiterated RatingHold (C+) ➝ Hold (C+)
12/10/2025Weiss RatingsReiterated RatingHold (C+) ➝ Hold (C+)
11/3/2025Zacks ResearchUpgradeHold ➝ Strong-Buy
10/31/2025Weiss RatingsReiterated RatingHold (C) ➝ Hold (C)
10/8/2025Weiss RatingsReiterated RatingHold (C+) ➝ Hold (C+)
10/3/2025Zacks ResearchDowngradeStrong-Buy ➝ Hold
9/27/2025Weiss RatingsReiterated RatingHold (C+) ➝ Hold (C+)
8/5/2024Piper SandlerBoost TargetNeutral ➝ Neutral$24.00 ➝ $26.00
6/12/2024Piper SandlerReiterated RatingNeutral$24.00
4/5/2024Hovde GroupInitiated CoverageMarket Perform$22.00
8/1/2023StephensReiterated RatingEqual Weight ➝ Equal Weight$24.00
7/27/2023Piper SandlerDowngradeNeutral ➝ Underweight$24.00 ➝ $23.50
2/9/2023StephensReiterated RatingEqual Weight$29.00
12/21/2022Janney Montgomery ScottInitiated CoverageNeutral$30.00
10/24/2022StephensLower TargetEqual Weight$32.00 ➝ $29.00
10/21/2022Piper SandlerUpgradeUnderweight ➝ Neutral$27.00
9/29/2022Piper SandlerLower Target$27.00
4/22/2022Piper SandlerDowngradeNeutral ➝ Underweight
2/16/2022Boenning ScattergoodReiterated RatingNeutral
(Data available from 8/24/2021 forward)

News Sentiment Rating

1.36 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/25/2026
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/24/2026
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2026
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2026
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2026
  • 4 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2026
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2026
  • 18 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2026

Current Sentiment

  • 18 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Farmers & Merchants Bancorp logo
Farmers & Merchants Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services. The company was founded in 1985 and is headquartered in Archbold, OH.
Read More

Today's Range

Now: $33.75
Low: $33.25
High: $34.27

50 Day Range

MA: $31.73
Low: $28.39
High: $35.33

52 Week Range

Now: $33.75
Low: $22.77
High: $35.94

Volume

107,727 shs

Average Volume

91,547 shs

Market Capitalization

$464.79 million

P/E Ratio

11.70

Dividend Yield

2.70%

Beta

0.8

Frequently Asked Questions

What sell-side analysts currently cover shares of Farmers & Merchants Bancorp?

The following Wall Street analysts have issued reports on Farmers & Merchants Bancorp in the last twelve months: Hovde Group, Piper Sandler, Wall Street Zen, Weiss Ratings, and Zacks Research.
View the latest analyst ratings for FMAO.

What is the current price target for Farmers & Merchants Bancorp?

0 Wall Street analysts have set twelve-month price targets for Farmers & Merchants Bancorp in the last year. Their average twelve-month price target is $32.25, suggesting a possible downside of 5.3%. Piper Sandler has the highest price target set, predicting FMAO will reach $36.00 in the next twelve months. Hovde Group has the lowest price target set, forecasting a price of $28.50 for Farmers & Merchants Bancorp in the next year.
View the latest price targets for FMAO.

What is the current consensus analyst rating for Farmers & Merchants Bancorp?

Farmers & Merchants Bancorp currently has 2 hold ratings, 1 buy rating and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for FMAO.

What other companies compete with Farmers & Merchants Bancorp?

Other companies that are similar to Farmers & Merchants Bancorp include First Community Bancshares, First Mid Bancshares, German American Bancorp, Home Bancorp and MetroCity Bankshares. Learn More about companies similar to Farmers & Merchants Bancorp.

How do I contact Farmers & Merchants Bancorp's investor relations team?

Farmers & Merchants Bancorp's physical mailing address is 307 NORTH DEFIANCE ST, ARCHBOLD OH, 43502. The financial services provider's listed phone number is (419) 446-2501 and its investor relations email address is [email protected]. The official website for Farmers & Merchants Bancorp is www.fm.bank. Learn More about contacing Farmers & Merchants Bancorp investor relations.