FMAO — Farmers & Merchants Bancorp Inc

✨ Hidden Gem

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates FMAO Bearish with a Setup Score of 0, net conviction 29, actionability 0. How the Setup Score works →

Total Setup Score0
Directional BiasBearish
Net Conviction29
Actionability0 (no mans land)

Key signals behind this score

About Farmers & Merchants Bancorp Inc

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, Northeast Indiana, and Southeast Michigan. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$29.82
Market Cap$412M
Float13.1M
Shares Outstanding13.8M
P/E (Forward)15.92
P/E (TTM)11.43
Price/Sales (TTM)3.28
vs. Analyst Target+0.0% to analyst PT
Profit Margin28.99%
Operating Margin (TTM)42.19%
Revenue (TTM)$124M
Earnings Growth (YoY)37.30%
Dividend Rate0.9%
Analyst Target Price$29.83 (3 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $85.3M $20.1M $67.9M $29.5M
2021 $92.2M $23.5M $81.4M $34.5M
2022 $114M $32.5M $94.7M $44.5M
2023 $152M $22.8M $91.9M $34.1M
2024 $177M $25.9M $98.6M $38.9M
2025 $189M $33.3M $118M $49.5M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $47.1M $7.7M
Sep 2025 $47.8M $8.9M
Dec 2025 $48.6M $9.8M
Mar 2026 $47.8M $9.6M

Ownership & Float

Insider Ownership3.5%
Institutional Ownership33.7%
Short Float1.1%
% of All Funds Holding1.13%
Number of Funds Holding93

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$28.64Near-term / short-term trend
Weekly40-Week SMA$26.49Medium-term trend
Weekly80-Week SMA$25.82Cyclical trend (business cycle)
Weekly200-Week SMA$24.77Secular trend (multi-year)
Monthly10-Month SMA$26.66Near-term monthly trend
Monthly20-Month SMA$26.18Medium-term monthly trend
Monthly40-Month SMA$24.57Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$27.70 support 2.56x 0 months ago
$24.80 support 1.17x 5 months ago
$23.60 support 1.09x 10 months ago
$23.20 support 2.19x 23 months ago

Historical Earnings Reactions (81 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.01% 0.00% 32.10% 6.10% -5.75%
1 Day 0.11% 0.00% 35.80% 9.16% -10.72%
1 Week 0.08% 0.00% 43.21% 12.20% -12.53%
2 Weeks -0.66% -0.85% 38.27% 17.01% -15.08%
1 Month -0.37% -0.15% 45.00% 34.88% -26.37%

Next earnings: July 27, 2026 (15 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan-0.8%40.0%20
Feb-1.3%33.3%21
Mar2.3%57.1%21
Apr0.7%47.6%21
May1.0%57.1%21
Jun0.8%38.1%21
Jul1.7%65.0%20
Aug-1.6%30.0%20
Sep-1.0%45.0%20
Oct-0.3%40.0%20
Nov2.6%60.0%20
Dec3.5%70.0%20

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.06% 35.0% 964
Tuesday 0.19% 34.5% 1055
Wednesday -0.03% 31.8% 1055
Thursday -0.07% 30.9% 1035
Friday 0.09% 32.8% 1029

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 33.7%

Insider Transactions — Smart Summary

Total insider ownership: 3.5%

12-Month Insider Activity Summary

Total Filings25
Net Value-$1.4M
Net Shares Change-122,674
% of Float-0.9%
C-Suite Filings10
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
Briggs Andrew J -$978,630.3 4 N/A
Planson Steven J +$54,545.18 1 1 buy
Faust Eric D Chief Risk Officer -$36,011.68 2 2 sell
Gerken David R Executive Vice President -$23,232 1 1 sell
Boyce Ian D +$13,458.769 2 2 buy

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-06-15 Gerken David R Executive Vice President -$23,232 Transaction at $28.16, now +5.9%
2026-03-03 Faust Eric D Chief Risk Officer -$7,128 Transaction at $25.92, now +15.0%
2025-10-31 Planson Steven J +$54,545.18 Transaction at $23.42, now +27.3%
2026-03-25 Faust Eric D Chief Risk Officer -$28,883.68 Transaction at $25.16, now +18.5%
2025-11-06 Boyce Ian D +$9,953.269 Transaction at $24.66, now +20.9%
2025-11-04 Boyce Ian D +$3,505.5 Transaction at $23.37, now +27.6%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Farmers & Merchants Bancorp Inc (FMAO) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for FMAO on Trend Edge →