FMAO trades 5.6% below Wall Street's consensus target of $32.00.
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 10.7x. 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 July 8, 2026, Farmers & Merchants Bancorp, Inc. (FMAO) has a Wall Street consensus price target of $32.00, based on estimates from 2 covering analysts. With the stock currently trading at $30.30, this represents a potential upside of +5.6%. The company has a market capitalization of $417M.
Analyst price targets range from a low of $32.00 to a high of $32.00, representing a 0% spread in expectations. The median target of $32.00 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 8.9x and forward P/E of 10.7x. The forward PEG ratio of 0.78 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +9.0% 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. | $225M | $23.29 | — | — | Buy | 12.8x | 2 |
MVBFMVB Financial Corp. | $368M | $28.62 | $30.00 | +4.8% | Buy | 17.2x | 8 |
HFWAHeritage Financial Corporation | $1.0B | $29.44 | $31.33 | +6.4% | Buy | 14.3x | 14 |
OVBCOhio Valley Banc Corp. | $196M | $41.65 | — | — | Buy | — | 1 |
FXNCFirst National Corporation | $265M | $29.30 | $21.00 | -28.3% | Buy | 12.4x | 1 |
CFFIC&F Financial Corporation | $260M | $80.00 | — | — | — | 7.8x | — |
FFINFirst Financial Bankshares, Inc. | $5.0B | $34.67 | $39.25 | +13.2% | Hold | 17.0x | 15 |
FBIZFirst Business Financial Services, Inc. | $528M | $63.34 | $67.00 | +5.8% | Buy | 10.2x | 10 |
CCNECNB Financial Corporation | $989M | $33.38 | $34.50 | +3.4% | Buy | 9.5x | 3 |
FMNBFarmers National Banc Corp. | $563M | $14.35 | $16.00 | +11.5% | Hold | 9.5x | 7 |
Quick answers to the most common questions about buying FMAO stock.
The consensus price target for FMAO is $32, close to the current price of $30.3 (5.6% implied move). Based on 2 analyst estimates, the stock appears fairly valued near current levels.
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 $32 implies 5.6% upside from current levels.
With a forward P/E of 10.669x, FMAO trades at a relatively low valuation. The consensus target of $32 implies 5.6% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $32 for FMAO, while the most conservative target is $32. The consensus of $32 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 $32, with estimates ranging from $32 (bear case) to $32 (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 10.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 8.9x. 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.
FMAO appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $32 target. Consider your investment thesis and risk tolerance. 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 $32 to $32, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $32 consensus represents the middle ground. Our model's $16-$33 range provides an independent fundamental perspective.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.