Recent exceptional positive changes in investment behavior have benefitted Farmers & Merchants Bancorp Inc (NASDAQ: FMAO): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent marginal positive changes in fundamentals have benefitted Farmers & Merchants Bancorp Inc (NASDAQ: FMAO): the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FMAO is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Farmers & Merchants Bancorp has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Farmers & Merchants Bancorp has a slightly positive Appreciation Score of 64 and a good Power Rating of 74, resulting in the Positive Value Trend Rating.
Recent Price Action
Farmers & Merchants Bancorp Inc (NASDAQ: FMAO) stock closed at $22.16 on 6/17/24 after an increase of 1.9%. Moreover, trading volume in this advance was exceptionally high at 312% of normal. The stock has risen 10.5% during the last week and has been strong relative to the market over the last nine months.
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