Analyst Price Target is $23.17
▲ +6.66% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Farmers & Merchants Bancorp in the last 3 months. The average price target is $23.17, with a high forecast of $24.00 and a low forecast of $22.00. The average price target represents a 6.66% upside from the last price of $21.72.
Current Consensus is
Reduce
The current consensus among 3 contributing investment analysts is to reduce stock in Farmers & Merchants Bancorp. This Reduce consensus rating has held steady for over two years.
Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer lending products; loans for farmland, 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 lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, bill-pay, on-line statement opportunities, and remote deposit capture or electronic deposit processing. Additionally, the company offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.
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