Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Farmers & Merchants Bancorp Inc (NASDAQ: FMAO) improved during the last several trading days. FMAO’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Farmers & Merchants Bancorp Inc (NASDAQ: FMAO) stock rose slightly by 0.1% on 3/1/24. The stock closed at $20.23. However, this advance was accompanied by below average trading volume at 79% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, FMAO is expected to be Value Creation neutral.
Farmers & Merchants Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Farmers & Merchants Bancorp has a slightly positive Power Rating of 62 and a slightly positive Appreciation Score of 66, producing the Positive Value Trend Rating.
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