FMAO
Farmers & Merchants Bancorp, Inc.
NasdaqCMUSDEQUITY
Financial Services
DELAYED
Last price
34.05
▲ 0.31 (0.92%)
MARKET · —
Price
Open
33.93
Prev close
33.74
Day high
34.27
Day low
33.25
Volume
106.98K
Market cap
$468.98M
P/E (TTM)
11.58
52W range
22.77 – 35.94
Trailing performance
Returnvs SPY
1W
-3.02%
-1.7%
1M
+12.08%
+8.3%
3M
+22.35%
+19.3%
6M
+22.39%
+11.3%
YTD
+37.74%
+25.5%
1Y
+34.64%
+14.6%
3Y
+72.06%
-2.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$468.98M
Enterprise value$525.08M
Revenue (TTM)$129.00M
Gross profit$129.00M
EBITDA—
Net income$39.53M
EPS (TTM)$2.94
Free cash flow—
Total cash$156.91M
Total debt$218.62M
Book value / share$28.26
Shares outstanding13.77M
Float13.16M
Short % of float1.68%
Dividend yield2.69%
Beta (5Y)0.80
Valuation & profitability ratios
Trailing P/E11.58
Forward P/E10.41
PEG ratio—
Price / sales—
Price / book1.21
EV / revenue4.07
EV / EBITDA—
Gross margin0.00%
Operating margin46.34%
Profit margin31.03%
Return on equity10.88%
Return on assets1.17%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $104.29M | $85.91M | $81.40M | $86.79M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $33.31M | $25.94M | $22.79M | $32.52M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $33.31M | $25.94M | $22.79M | $32.52M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.67 | 0.86 | +27.7% |
| Mar 2026 | 0.68 | 0.72 | +5.3% |
| Dec 2025 | 0.66 | 0.71 | +8.4% |
| Sep 2025 | 0.59 | 0.64 | +7.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.80 | 3 | $29.20M | +8.6% |
| Next quarter | 0.80 | 3 | $29.63M | +6.7% |
| Current year | 3.17 | 3 | $115.20M | +10.5% |
| Next year | 3.27 | 3 | $122.33M | +6.2% |
Analyst targets & ownership
Mean target$36.00
High target$36.00
Low target$36.00
Implied upside5.73%
Analyst count3
ConsensusNONE
Strong buy / Buy0 / 0
Hold3
Sell / Strong sell0 / 0
Held by insiders2.76%
Held by institutions37.45%
Institutions holding165
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
-181.35K
Net selling
Buy transactions
20
28.30K shares
Sell transactions
34
209.65K shares
Net transactions
+54
Buys less sells
Sell : buy shares
7.4 : 1
Heavily one-sided
Insider-held shares
375.05K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 18, 26 | BRIGGS ANDREW J. Director |
SELL | 5.40K | $189.52K | Direct |
| Aug 14, 26 | BRIGGS ANDREW J. Director |
SELL | 6.00K | $211.71K | Direct |
| Aug 12, 26 | BRIGGS ANDREW J. Director |
SELL | 9.00K | $311.82K | Direct |
| Aug 7, 26 | BRIGGS ANDREW J. Director |
SELL | 6.00K | $204.96K | Direct |
| Aug 6, 26 | GERKEN DAVID R. Officer |
SELL | 1.00K | $33.72K | Direct |
| Aug 5, 26 | BRIGGS ANDREW J. Director |
SELL | 9.00K | $306.36K | Direct |
| Aug 3, 26 | ALLEN GREGORY R Director |
BUY | 300 | $10.34K | Direct |
| Jul 31, 26 | BRIGGS ANDREW J. Director |
SELL | 9.00K | $307.23K | Direct |
| Jul 28, 26 | BRIGGS ANDREW J. Director |
SELL | 6.00K | $187.71K | Direct |
| Jul 24, 26 | BRIGGS ANDREW J. Director |
SELL | 6.00K | $181.17K | Direct |
| Jul 22, 26 | BRIGGS ANDREW J. Director |
SELL | 9.00K | $276.18K | Direct |
| Jul 17, 26 | BRIGGS ANDREW J. Director |
SELL | 6.00K | $183.36K | Direct |
| Jul 15, 26 | BRIGGS ANDREW J. Director |
SELL | 9.00K | $269.04K | Direct |
| Jul 10, 26 | BRIGGS ANDREW J. Director |
SELL | 6.00K | $176.82K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BRIGGS ANDREW J. |
Director | 49.15K | Sale |
BRITENRIKER BARBARA J |
Officer | 33.93K | Stock Award(Grant) |
ELLER LARS B |
Chief Executive Officer | 33.87K | Stock Award(Grant) |
FREY KEVIN G |
Director | 162.63K | Stock Award(Grant) |
HORNISH JO ELLEN |
Director | 41.01K | Stock Award(Grant) |
LATTA MARCIA SLOAN |
Officer and Director | 9.15K | Stock Award(Grant) |
PLANSON STEVEN J |
Director | 58.22K | Stock Award(Grant) |
SAUDER KEVIN J |
Chairman of the Board | 8.45K | Stock Award(Grant) |
SINGHAL SHALINI |
Chief Technology Officer | 8.95K | Stock Award(Grant) |
VERNON DAVID P |
Director | 50.47K | Stock Award(Grant) |
Moving averages & technicals
SMA 10
34.62
-1.64% from price
SMA 20
34.27
-0.63% from price
SMA 50
31.68
+7.47% from price
SMA 100
29.42
+15.75% from price
SMA 200
27.59
+23.41% from price
EMA 12
34.24
-0.55% from price
EMA 26
33.44
+1.81% from price
EMA 50
32.06
+6.19% from price
RSI (14)
55.2
Neutral
MACD (12,26,9)
0.79
Hist -0.25
ATR (14)
0.95
2.79% of price
Realised vol 30D
41.0%
Annualised
Bollinger upper
36.16
20, 2σ
Bollinger lower
32.37
20, 2σ
50 / 200 cross
Golden
31.68 vs 27.59
Trend bias
Above 200
+23.41%
Risk profile
Beta vs SPY
0.52
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
41.0%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-17.9%
Peak to trough
Max drawdown 5Y
-59.3%
Peak to trough
ATR 14
0.95
2.79% of price
Beta (reported)
0.80
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
5.40
Put-heavy session
Put / call open interest
0.03
Positioning, not flow
Max pain
25.00
-26.6% from spot
ATM implied vol
85.4%
Nearest strike to spot
Skew (10% OTM)
-29.6%
Calls bid over puts
Call volume
5
Contracts, this expiry
Put volume
27
Contracts, this expiry
Heaviest call OI
35.00
51 contracts
Heaviest put OI
30.00
2 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
F&M Bank’s 9th Annual Charity Golf Classic Raises $47,000 for Local Charities
GlobeNewswire · 2d ago
Farmers & Merchants Bancorp Insider Sold Shares Worth $311,820, According to a Recent SEC Filing
MT Newswires · 10d ago
Farmers & Merchants Bancorp Insider Sold Shares Worth $307,230, According to a Recent SEC Filing
MT Newswires · 22d ago
Farmers & Merchants Bancorp Q2 Earnings, Revenue Rise
MT Newswires · 26d ago
Farmers & Merchants Bancorp, Inc. Reports 2026 Second-Quarter and Year-to-Date Financial Results
GlobeNewswire · 26d ago
Farmers & Merchants Bancorp Insider Sold Shares Worth $276,180, According to a Recent SEC Filing
MT Newswires · 31d ago
Farmers & Merchants Bancorp Insider Sold Shares Worth $269,040, According to a Recent SEC Filing
MT Newswires · 38d ago
Farmers & Merchants Bancorp Insider Sold Shares Worth $273,390, According to a Recent SEC Filing
MT Newswires · 52d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.