FMAO NASDAQ Week ended 24 Jul 2026

Weekly Investor Report

Farmers & Merchants Bancorp Inc · Financial Services · Banks - Regional

Latest close 30.95 USD
1.2% latest week
Weekly setup

Constructive, but selective

The weekly trend is active. Price is 13.6% above the Trend Line and sits at 90.0% of its 52-week range. The latest completed week returned 1.2%, after a 2.4% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is inexpensive relative to peers. Options positioning is mixed with 38/100 conviction, while the latest news-sentiment score is 56/100. Near-term considerations: price is close to its 52-week high; volume confirmation is below normal; earnings are due in 86d.

Setup score 68 out of 100
Latest Close 30.95 USD 24 Jul 2026
1W Return 1.2% latest completed week
4W Return 2.4% short-term follow-through
12W Return 13.6% quarterly tape
Trend Breadth 73.1% 38 of 52 weeks active
Volume Ratio 0.7x vs 13-week average
What is working
  • The trend backdrop is active with a 16-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • 3 reversal markers appear in the recent smart-money tape.
What to watch next
  • Price is close to its 52-week high; watch for continuation or exhaustion.
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 13.6% above the Trend Line and sits at 90.0% of its 52-week range. The latest completed week returned 1.2%, after a 2.4% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.7x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.9812-week average 0.81

12-week confirmation

Trend active12/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership4/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.98Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers33 reversal markers

No recent accumulation markers. 3 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 2.4% over four weeks, 13.6% over 12 weeks, and 23.5% over one year. The current trend has remained active for 16 consecutive weeks.

Performance by holding period

1W1.2%
4W2.4%
12W13.6%
26W21.7%
52W23.5%
Active trend streak16 weeks
Active weeks in one year38
Trend breadth73.1%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure1.36Latest activity-pressure read.
Pressure change-7.5%Four-week change in activity pressure.
Leadership8.60Latest relative-leadership reading.
RS change285.5%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is inexpensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 100% Model confidence 96%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength91/100Blend of value, momentum, and quality. Underlying universe rank 10; rank 1 is best.
Value84/100Relative valuation strength. Underlying universe rank 17; rank 1 is best.
Quality67/100Profitability and accounting quality. Underlying universe rank 34; rank 1 is best.
Momentum71/100Medium-term price momentum. Underlying universe rank 30; rank 1 is best.
Growth73/100Revenue and earnings growth. Underlying universe rank 28; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
11.9x
Price divided by trailing earnings.
Price / sales
2.2x
Market value relative to trailing revenue.
EV / EBITDA
9.8x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
6.9%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
63.5%
Gross profit retained from each unit of revenue.
Operating margin
24.1%
Operating profit retained from revenue.
Free-cash-flow margin
18.8%
Free cash flow generated from revenue.
Return on invested capital
7.6%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
6.6%
Latest one-year revenue growth.
EPS growth
30.5%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
-18.1%
Latest one-year free-cash-flow growth.
Piotroski F-score
7/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
3.0%
Cash dividends relative to market value.
Buyback yield
0.1%
Net share repurchases relative to market value.
Shareholder yield
3.1%
Dividend yield plus net buyback yield.
Net debt / EBITDA
1.8x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningMixed

FMAO shows mixed options pressure with a 38/100 conviction score, put-call volume ratio of 1.00, expected move of 15.3%, and Sharemaestro trend signal active.

Conviction38/100
Expected move15.3%
Put/call volume1.00
Pressure10
Speculation9
Volatility96
Trend agreement84
Open options detail
Insider activity0 / 20

0 acquisitions and 20 disposals in the latest 180-day insider tape.

Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.
News sentiment56/100

Weighted news tone is neutral across 55 relevant articles.

13 positive · 39 neutral · 3 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings86dNext report is scheduled for 26 Oct 2026; event risk rises as the date approaches.
Options expected move15.3%Nearest-chain priced movement where available.
52-week drawdown-3.0%Distance below the 52-week high.
13-week volatility2.6%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher18 of 268 weeks finished lower.
Best week+5.7%Week of 26 Jun.
Worst week-7.0%Week of 27 Feb.
Latest week+1.2%Week of 24 Jul.

Shape of recent returns

Strong gains6
Modest gains12
Flat weeks0
Modest losses5
Sharp losses3
Recent vol2.6%13-week weekly-return volatility.
Base vol3.8%52-week weekly-return volatility.
Up/down split33/19Count of positive and negative weeks in the 52-week window.
Average skew2.7% / -3.4%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 202630.95 USD1.2%27.23 USD23.62 USD1.368.60334.0KOn
17 Jul 202630.57 USD2.5%27.06 USD23.55 USD1.515.59321.9KOn
10 Jul 202629.82 USD-2.0%26.94 USD23.49 USD1.58-1.33390.1KOn
3 Jul 202630.44 USD0.7%26.85 USD23.43 USD1.562.32420.5KOn
26 Jun 202630.24 USD5.7%26.64 USD23.36 USD1.482.23937.0KOn
19 Jun 202628.62 USD0.1%26.44 USD23.30 USD1.13-7.67488.6KOn
12 Jun 202628.58 USD2.5%26.30 USD23.25 USD0.84-5.57342.4KOn
5 Jun 202627.88 USD-0.2%26.16 USD23.19 USD0.55-5.95444.0KOn
29 May 202627.93 USD1.4%26.03 USD23.15 USD0.42-10.12224.1KOn
22 May 202627.54 USD4.2%25.88 USD23.10 USD0.45-9.08442.3KOn
15 May 202626.44 USD-5.1%25.77 USD23.05 USD0.48-11.91475.6KOn
8 May 202627.85 USD2.2%25.66 USD23.00 USD0.58-7.94739.5KOn
1 May 202627.25 USD2.3%25.50 USD22.92 USD0.47-5.42321.8KOn
24 Apr 202626.64 USD-2.7%25.41 USD22.86 USD0.32-6.55358.1KOn
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.