Farmers & Merchants Bancorp, Inc. (FMAO)

FMAO Analyst Ratings

• Total Analysts: 1
• Consensus Rating: Hold
• Price Target: $28.50
• Upside: +4.59%

Ratings History

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Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Adam Kroll Piper Sandler	Piper Sandler	Hold Maintains $28 → $29	Hold	Maintains	$28 → $29	+4.59%	Apr 27, 2026
Adam Kroll Piper Sandler	Piper Sandler	Hold Maintains $31 → $28	Hold	Maintains	$31 → $28	+2.75%	Apr 2, 2026
Justin Crowley Piper Sandler	Piper Sandler	Hold Maintains $24 → $26	Hold	Maintains	$24 → $26	-4.59%	Aug 5, 2024
Justin Crowley Piper Sandler	Piper Sandler	Hold Initiates $24	Hold	Initiates	$24	-11.93%	Jun 12, 2024
Brendan Nosal Hovde Group	Hovde Group	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Apr 5, 2024
Terry McEvoy Stephens & Co.	Stephens & Co.	Hold Reiterates $24	Hold	Reiterates	$24	-11.93%	Aug 1, 2023
Brendan Nosal Piper Sandler	Piper Sandler	Hold → Sell Downgrades $24 → $24	Hold → Sell	Downgrades	$24 → $24	-13.76%	Jul 28, 2023
Terry McEvoy Stephens & Co.	Stephens & Co.	Hold Maintains $29	Hold	Maintains	$29	+6.42%	Feb 9, 2023
Daniel Cardenas Janney Montgomery Scott	Janney Montgomery Scott	Hold Initiates $30	Hold	Initiates	$30	+10.09%	Dec 21, 2022
Terry McEvoy Stephens & Co.	Stephens & Co.	Hold Maintains $32 → $29	Hold	Maintains	$32 → $29	+6.42%	Oct 24, 2022
Brendan Nosal Piper Sandler	Piper Sandler	Sell → Hold Upgrades $27	Sell → Hold	Upgrades	$27	-0.92%	Oct 21, 2022
Nicholas Cucharale Piper Sandler	Piper Sandler	Hold → Sell Downgrades $41	Hold → Sell	Downgrades	$41	+50.46%	Apr 22, 2022
Terry McEvoy Stephens & Co.	Stephens & Co.	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Oct 9, 2020
Nicholas Cucharale Piper Sandler	Piper Sandler	Hold Maintains $24 → $22	Hold	Maintains	$24 → $22	-21.10%	Sep 29, 2020
Nicholas Cucharale Piper Sandler	Piper Sandler	Hold Maintains $22 → $24	Hold	Maintains	$22 → $24	-13.76%	Jul 23, 2020
Nicholas Cucharale Piper Sandler	Piper Sandler	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Oct 2, 2019