FMAO
Farmers & Merchants Bancorp, Inc.Financial Services · $481M market cap
Verdict
Share price
$35.49
close of Oct 3, 2026
Fair value
$45.87
Sticker Price
Payback Price
$18.35
buy price
FMAO is Undervalued: at $35.49 it trades 23% below its fair value of $45.87. Its buy price (Payback Price) is $18.35, 48% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.
How we valued it
Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.
Business quality
0 of 5 clear the 10% bar. What are the Big Five?
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Since Jun 11, 2026: 1 open-market purchase worth $10K and 47 sales worth $4.4M. Why purchases matter
Purchases
Sales
Briggs Andrew J
director · 2026-08-18
Sold
$84K
Briggs Andrew J
director · 2026-08-17
Sold
$105K
Briggs Andrew J
director · 2026-08-14
Sold
$106K
Briggs Andrew J
director · 2026-08-13
Sold
$106K
Briggs Andrew J
director · 2026-08-12
Sold
$105K
Show all 47 salesShow fewer
Briggs Andrew J
director · 2026-08-11
Sold
$103K
Briggs Andrew J
director · 2026-08-10
Sold
$104K
Briggs Andrew J
director · 2026-08-07
Sold
$102K
Gerken David R
EVP/CLO · 2026-08-06
Sold
$34K
Briggs Andrew J
director · 2026-08-06
Sold
$103K
Briggs Andrew J
director · 2026-08-05
Sold
$104K
Briggs Andrew J
director · 2026-08-04
Sold
$101K
Briggs Andrew J
director · 2026-08-03
Sold
$101K
Briggs Andrew J
director · 2026-07-31
Sold
$99K
Briggs Andrew J
director · 2026-07-30
Sold
$105K
Briggs Andrew J
director · 2026-07-29
Sold
$103K
Briggs Andrew J
director · 2026-07-28
Sold
$95K
Briggs Andrew J
director · 2026-07-27
Sold
$93K
Briggs Andrew J
director · 2026-07-24
Sold
$91K
Briggs Andrew J
director · 2026-07-23
Sold
$90K
Briggs Andrew J
director · 2026-07-22
Sold
$93K
Briggs Andrew J
director · 2026-07-21
Sold
$92K
Briggs Andrew J
director · 2026-07-20
Sold
$91K
Briggs Andrew J
director · 2026-07-17
Sold
$93K
Briggs Andrew J
director · 2026-07-16
Sold
$90K
Briggs Andrew J
director · 2026-07-15
Sold
$89K
Briggs Andrew J
director · 2026-07-14
Sold
$90K
Briggs Andrew J
director · 2026-07-13
Sold
$89K
Briggs Andrew J
director · 2026-07-10
Sold
$89K
Briggs Andrew J
director · 2026-07-09
Sold
$88K
Briggs Andrew J
director · 2026-07-08
Sold
$90K
Briggs Andrew J
director · 2026-07-07
Sold
$92K
Briggs Andrew J
director · 2026-07-06
Sold
$92K
Briggs Andrew J
director · 2026-07-02
Sold
$95K
Briggs Andrew J
director · 2026-07-01
Sold
$92K
Briggs Andrew J
director · 2026-06-30
Sold
$91K
Briggs Andrew J
director · 2026-06-29
Sold
$90K
Briggs Andrew J
director · 2026-06-26
Sold
$90K
Briggs Andrew J
director · 2026-06-25
Sold
$89K
Briggs Andrew J
director · 2026-06-24
Sold
$88K
Briggs Andrew J
director · 2026-06-23
Sold
$86K
Briggs Andrew J
director · 2026-06-22
Sold
$172K
Briggs Andrew J
director · 2026-06-18
Sold
$86K
Briggs Andrew J
director · 2026-06-17
Sold
$86K
Briggs Andrew J
director · 2026-06-16
Sold
$85K
Briggs Andrew J
director · 2026-06-15
Sold
$86K
Gerken David R
Executive Vice President · 2026-06-11
Sold
$23K
About Farmers & Merchants Bancorp, Inc.
Farmers & Merchants Bancorp, Inc. functions as the holding company for The Farmers & Merchants State Bank, offering a broad spectrum of commercial banking solutions. The bank serves individual customers and small businesses throughout northwest Ohio and northeast Indiana. Its offerings include various deposit accounts such as checking, savings, and time deposits, along with custodial services for Individual…
Banks - Regional
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works