FMAO trades 1.2% above Wall Street's consensus target of $28.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes FMAO achieves its forward estimates and maintains a stable P/E multiple of 10.2x. This scenario reflects the blended consensus of 2 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 22, 2026, Farmers & Merchants Bancorp, Inc. (FMAO) has a Wall Street consensus price target of $28.50, based on estimates from 2 covering analysts. With the stock currently trading at $28.84, this represents a potential downside of -1.2%. The company has a market capitalization of $396M.
Analyst price targets range from a low of $28.50 to a high of $28.50, representing a 0% spread in expectations. The median target of $28.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 0 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 0 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, FMAO trades at a trailing P/E of 8.5x and forward P/E of 10.2x. The forward PEG ratio of 0.74 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +17.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $24.89, with bear and bull scenarios of $15.68 and $32.80 respectively. Model confidence stands at 48/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
CZWICitizens Community Bancorp, Inc. | $205M | $21.34 | — | — | Buy | 11.7x | 2 |
MVBFMVB Financial Corp. | $355M | $27.63 | $30.00 | +8.6% | Buy | 16.6x | 8 |
HFWAHeritage Financial Corporation | $949M | $27.92 | $31.33 | +12.2% | Buy | 13.6x | 14 |
OVBCOhio Valley Banc Corp. | $227M | $48.11 | — | — | Buy | — | 1 |
FXNCFirst National Corporation | $265M | $29.36 | $21.00 | -28.5% | Buy | 12.5x | 1 |
CFFIC&F Financial Corporation | $255M | $78.36 | — | — | — | 7.6x | — |
FFINFirst Financial Bankshares, Inc. | $4.7B | $32.78 | $39.25 | +19.7% | Hold | 16.1x | 15 |
FBIZFirst Business Financial Services, Inc. | $503M | $60.34 | $67.00 | +11.0% | Buy | 9.7x | 10 |
CCNECNB Financial Corporation | $953M | $32.16 | $34.50 | +7.3% | Buy | 9.1x | 3 |
FMNBFarmers National Banc Corp. | $556M | $14.14 | $16.00 | +13.2% | Hold | 9.4x | 7 |
Quick answers to the most common questions about buying FMAO stock.
Wall Street's consensus price target for FMAO is $28.5, -1.2% from its current price of $28.84. The below-market target from 2 analysts suggests limited near-term appreciation.
FMAO has a consensus rating of "Hold" based on 2 Wall Street analysts. The rating breakdown is mixed, with 2 Hold ratings making up the largest segment. The consensus 12-month price target of $28.5 implies -1.2% downside from current levels.
With a forward P/E of 10.1549x, FMAO trades at a relatively low valuation. The consensus target of $28.5 implies -1.2% move, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $28.5 for FMAO, while the most conservative target is $28.5. The consensus of $28.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $33 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
FMAO is lightly followed, with 2 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 0 have Buy ratings, 2 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month FMAO stock forecast based on 2 Wall Street analysts shows a consensus price target of $28.5, with estimates ranging from $28.5 (bear case) to $28.5 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $25, with bear/bull scenarios of $16/$33.
Our quantitative valuation model calculates FMAO's fair value at $25 (base case), with a bear case of $16 and bull case of $33. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 48/100.
FMAO trades at a forward P/E ratio of 10.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 8.5x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on FMAO, with 0 Sell ratings and a price target of $28.5 (-1.2% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
FMAO analyst price targets range from $28.5 to $28.5, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $28.5 consensus represents the middle ground. Our model's $16-$33 range provides an independent fundamental perspective.
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