Farmers & Merchants Bancorp (FMAO) Stock Forecast, Price Target & Predictions
FMAO Stock Forecast
Farmers & Merchants Bancorp stock forecast is as follows: an average price target of $27.00 (represents a -7.60% downside from FMAO’s last price of $29.22) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
FMAO Price Target
The average price target for Farmers & Merchants Bancorp (FMAO) is $27.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $30.00 to $24.00. This represents a potential -7.60% downside from FMAO's last price of $29.22.
FMAO Analyst Ratings
According to 3 Wall Street analysts, Farmers & Merchants Bancorp's rating consensus is 'Hold'. The analyst rating breakdown for FMAO stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 3 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Farmers & Merchants Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 12, 2024 | Justin Crowley | Piper Sandler | $24.00 | $23.00 | 4.35% | -17.86% |
| Dec 21, 2022 | Daniel Cardenas | Janney Montgomery | $30.00 | $27.54 | 8.93% | 2.67% |
The latest Farmers & Merchants Bancorp stock forecast, released on Jun 12, 2024 by Justin Crowley from Piper Sandler, set a price target of $24.00, which represents a 4.35% increase from the stock price at the time of the forecast ($23.00), and a -17.86% decrease from FMAO last price ($29.22).
Farmers & Merchants Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $24.00 |
| Last Closing Price | $29.22 | $29.22 | $29.22 |
| Upside/Downside | -100.00% | -100.00% | -17.86% |
In the current month, the average price target of Farmers & Merchants Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Farmers & Merchants Bancorp's last price of $29.22. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 05, 2024 | Hovde Group | Market Perform | Initialise | |
| Dec 21, 2022 | Janney Montgomery | Neutral | Initialise | |
| Oct 21, 2022 | Piper Sandler | Neutral | Upgrade |
Farmers & Merchants Bancorp's last stock rating was published by Hovde Group on Apr 05, 2024. The company Initialise its FMAO rating from "null" to "Market Perform".
Farmers & Merchants Bancorp Financial Forecast
Farmers & Merchants Bancorp Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $22.64M | $23.71M | $31.80M | $26.13M | $25.73M | $24.91M | $23.60M | $24.06M | $21.84M | $19.32M | $19.60M | $21.27M | $19.30M | $16.76M | $15.01M | $11.95M | $11.13M |
| Avg Forecast | $29.85M | $29.36M | $28.72M | $28.10M | $27.99M | $27.66M | $27.07M | $26.34M | $26.09M | $25.02M | $24.19M | $23.90M | $23.30M | $24.00M | $25.25M | $25.70M | $28.10M | $26.35M | $25.03M | $24.00M | $22.83M | $20.90M | $20.25M | $19.75M | $19.95M | $18.00M | $19.50M | $18.73M | $11.38M | $11.48M |
| High Forecast | $32.51M | $31.98M | $31.28M | $30.60M | $30.48M | $30.13M | $29.48M | $26.37M | $26.15M | $25.08M | $24.19M | $26.03M | $25.38M | $24.31M | $27.50M | $27.99M | $30.61M | $26.35M | $25.03M | $24.00M | $22.83M | $20.90M | $20.25M | $19.75M | $19.95M | $18.00M | $23.40M | $22.48M | $13.66M | $13.77M |
| Low Forecast | $28.66M | $28.19M | $27.57M | $26.97M | $26.87M | $26.56M | $25.98M | $26.30M | $26.02M | $24.95M | $24.19M | $22.94M | $22.37M | $23.69M | $24.24M | $24.67M | $26.98M | $26.35M | $25.03M | $24.00M | $22.83M | $20.90M | $20.25M | $19.75M | $19.95M | $18.00M | $15.60M | $14.98M | $9.11M | $9.18M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 6 | 6 | 3 | 7 | 18 | 18 | 16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.94% | 1.24% | 0.93% | 0.98% | 0.99% | 0.98% | 1.05% | 1.05% | 0.95% | 0.99% | 1.07% | 1.07% | 0.86% | 0.80% | 1.05% | 0.97% |
Farmers & Merchants Bancorp's average Quarter revenue forecast for Dec 23 based on 1 analysts is $23.30M, with a low forecast of $22.37M, and a high forecast of $25.38M. FMAO's average Quarter revenue forecast represents a 2.93% increase compared to the company's last Quarter revenue of $22.64M (Sep 23).
Farmers & Merchants Bancorp EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 6 | 6 | 3 | 7 | 18 | 18 | 16 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.55M | $12.07M | $18.33M | $16.98M | $15.38M | $13.37M | $13.13M | $13.10M | $10.42M | $9.25M | $9.05M | $11.74M | $8.89M | $9.43M | $7.93M | $6.64M | $5.78M |
| Avg Forecast | $9.89M | $9.73M | $9.52M | $9.31M | $9.28M | $9.17M | $8.97M | $8.73M | $8.65M | $8.29M | $8.02M | $14.19M | $7.72M | $7.96M | $8.37M | $12.90M | $13.64M | $10.34M | $9.82M | $11.73M | $8.96M | $8.20M | $7.95M | $9.25M | $7.83M | $7.06M | $10.55M | $9.31M | $6.12M | $5.96M |
| High Forecast | $10.78M | $10.60M | $10.37M | $10.14M | $10.10M | $9.99M | $9.77M | $8.74M | $8.67M | $8.31M | $8.02M | $17.03M | $8.41M | $8.06M | $9.12M | $15.48M | $16.37M | $10.34M | $9.82M | $14.07M | $8.96M | $8.20M | $7.95M | $11.10M | $7.83M | $7.06M | $12.66M | $11.17M | $7.34M | $7.15M |
| Low Forecast | $9.50M | $9.34M | $9.14M | $8.94M | $8.91M | $8.80M | $8.61M | $8.72M | $8.62M | $8.27M | $8.02M | $11.35M | $7.41M | $7.85M | $8.03M | $10.32M | $10.91M | $10.34M | $9.82M | $9.38M | $8.96M | $8.20M | $7.95M | $7.40M | $7.83M | $7.06M | $8.44M | $7.44M | $4.89M | $4.77M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.44% | 1.42% | 1.24% | 1.49% | 1.36% | 1.12% | 1.46% | 1.27% | 1.16% | 0.98% | 1.50% | 1.26% | 0.89% | 0.85% | 1.09% | 0.97% |
1 analysts predict FMAO's average Quarter EBITDA for Dec 23 to be $7.72M, with a high of $8.41M and a low of $7.41M. This is -19.16% lower than Farmers & Merchants Bancorp's previous annual EBITDA (Sep 23) of $9.55M.
Farmers & Merchants Bancorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 6 | 6 | 3 | 7 | 18 | 18 | 16 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.78M | $6.00M | $6.47M | $7.19M | $8.95M | $8.27M | $8.10M | $7.68M | $5.92M | $4.98M | $4.91M | $6.78M | $4.41M | $4.11M | $3.22M | $3.77M | $2.84M |
| Avg Forecast | $7.33M | $7.10M | $6.86M | $6.35M | $6.66M | $6.56M | $6.32M | $5.88M | $6.52M | $5.51M | $4.83M | $8.75M | $4.26M | $5.00M | $6.04M | $7.96M | $8.00M | $9.66M | $8.38M | $7.23M | $7.52M | $7.39M | $6.31M | $5.02M | $5.23M | $5.63M | $4.59M | $3.78M | $3.47M | $2.93M |
| High Forecast | $8.18M | $7.92M | $7.66M | $7.09M | $7.43M | $7.32M | $7.05M | $6.14M | $6.66M | $5.56M | $4.84M | $10.50M | $4.75M | $5.41M | $6.74M | $9.55M | $9.60M | $9.66M | $8.38M | $8.68M | $7.52M | $7.39M | $6.31M | $6.02M | $5.23M | $5.63M | $5.51M | $4.54M | $4.16M | $3.51M |
| Low Forecast | $6.95M | $6.73M | $6.50M | $6.02M | $6.31M | $6.21M | $5.99M | $5.50M | $6.25M | $5.46M | $4.83M | $7.00M | $4.04M | $4.60M | $5.72M | $6.37M | $6.40M | $9.66M | $8.38M | $5.79M | $7.52M | $7.39M | $6.31M | $4.01M | $5.23M | $5.63M | $3.67M | $3.03M | $2.78M | $2.34M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.99% | 0.81% | 0.90% | 0.93% | 0.99% | 1.12% | 1.02% | 0.80% | 0.79% | 0.98% | 1.30% | 0.78% | 0.89% | 0.85% | 1.09% | 0.97% |
Farmers & Merchants Bancorp's average Quarter net income forecast for Dec 23 is $4.26M, with a range of $4.04M to $4.75M. FMAO's average Quarter net income forecast represents a -10.87% decrease compared to the company's last Quarter net income of $4.78M (Sep 23).
Farmers & Merchants Bancorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 6 | 6 | 3 | 7 | 18 | 18 | 16 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.66M | $12.54M | $12.78M | $12.01M | $9.91M | $9.72M | $10.09M | $10.21M | $9.75M | $9.34M | $8.89M | $7.86M | $9.06M | $7.88M | $7.94M | $5.76M | $5.57M |
| Avg Forecast | $13.65M | $13.43M | $13.14M | $12.85M | $12.80M | $12.65M | $12.38M | $12.05M | $11.93M | $11.44M | $11.06M | $11.55M | $10.66M | $10.98M | $11.55M | $10.50M | $11.69M | $11.00M | $10.45M | $9.54M | $9.53M | $8.73M | $8.46M | $9.60M | $8.33M | $7.52M | $9.31M | $10.85M | $5.61M | $6.06M |
| High Forecast | $14.87M | $14.63M | $14.31M | $14.00M | $13.94M | $13.78M | $13.48M | $12.06M | $11.96M | $11.47M | $11.06M | $13.86M | $11.61M | $11.12M | $12.58M | $12.60M | $14.03M | $11.00M | $10.45M | $11.45M | $9.53M | $8.73M | $8.46M | $11.52M | $8.33M | $7.52M | $11.17M | $13.02M | $6.73M | $7.27M |
| Low Forecast | $13.10M | $12.89M | $12.61M | $12.33M | $12.29M | $12.15M | $11.88M | $12.03M | $11.90M | $11.41M | $11.06M | $9.24M | $10.23M | $10.84M | $11.09M | $8.40M | $9.36M | $11.00M | $10.45M | $7.64M | $9.53M | $8.73M | $8.46M | $7.68M | $8.33M | $7.52M | $7.45M | $8.68M | $4.49M | $4.85M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.09% | 1.22% | 1.03% | 0.90% | 0.93% | 1.06% | 1.07% | 1.12% | 1.10% | 0.93% | 0.94% | 1.21% | 0.85% | 0.73% | 1.03% | 0.92% |
Farmers & Merchants Bancorp's average Quarter SG&A projection for Dec 23 is $10.66M, based on 1 Wall Street analysts, with a range of $10.23M to $11.61M. The forecast indicates a -15.81% fall compared to FMAO last annual SG&A of $12.66M (Sep 23).
Farmers & Merchants Bancorp EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 6 | 6 | 3 | 7 | 18 | 18 | 16 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.35 | $0.44 | $0.48 | $0.53 | $0.68 | $0.63 | $0.62 | $0.59 | $0.53 | $0.45 | $0.44 | $0.61 | $0.40 | $0.30 | $0.29 | $0.41 | $0.30 |
| Avg Forecast | $0.54 | $0.53 | $0.51 | $0.47 | $0.49 | $0.48 | $0.47 | $0.43 | $0.48 | $0.41 | $0.36 | $0.35 | $0.32 | $0.37 | $0.45 | $0.54 | $0.67 | $0.71 | $0.62 | $0.57 | $0.56 | $0.55 | $0.47 | $0.45 | $0.39 | $0.42 | $0.37 | $0.46 | $0.35 | $0.33 |
| High Forecast | $0.61 | $0.59 | $0.57 | $0.52 | $0.55 | $0.54 | $0.52 | $0.45 | $0.49 | $0.41 | $0.36 | $0.35 | $0.35 | $0.40 | $0.50 | $0.60 | $0.75 | $0.71 | $0.62 | $0.57 | $0.56 | $0.55 | $0.47 | $0.45 | $0.39 | $0.42 | $0.37 | $0.46 | $0.42 | $0.40 |
| Low Forecast | $0.51 | $0.50 | $0.48 | $0.45 | $0.47 | $0.46 | $0.44 | $0.41 | $0.46 | $0.40 | $0.36 | $0.35 | $0.30 | $0.34 | $0.42 | $0.51 | $0.64 | $0.71 | $0.62 | $0.57 | $0.56 | $0.55 | $0.47 | $0.45 | $0.39 | $0.42 | $0.37 | $0.46 | $0.28 | $0.26 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.99% | 0.89% | 0.79% | 0.95% | 1.02% | 1.09% | 1.06% | 0.97% | 0.96% | 0.97% | 1.58% | 0.96% | 0.81% | 0.63% | 1.17% | 0.91% |
According to 1 Wall Street analysts, Farmers & Merchants Bancorp's projected average Quarter EPS for Dec 23 is $0.32, with a low estimate of $0.30 and a high estimate of $0.35. This represents a -10.00% decrease compared to FMAO previous annual EPS of $0.35 (Sep 23).
Farmers & Merchants Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HTBI | HomeTrust Bancshares | $36.35 | $42.00 | 15.54% | Buy |
| FFNW | First Financial Northwest | $21.85 | $23.50 | 7.55% | Hold |
| FNWB | First Northwest Bancorp | $10.36 | $11.00 | 6.18% | Hold |
| GSBC | Great Southern Bancorp | $64.79 | $62.00 | -4.31% | Hold |
| FMAO | Farmers & Merchants Bancorp | $31.92 | $27.00 | -15.41% | Hold |