OTCPK:FMBN

Stock Analysis Report

Farmers & Merchants Bancshares (Burlington IA)

Executive Summary

Farmers and Merchants Bancshares, Inc. operates as a holding company for Farmers & Merchants Bank & Trust that provides various financial services in Des Moines and Louisa Counties, Iowa.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Farmers & Merchants Bancshares (Burlington IA)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FMBN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

FMBN

14.6%

US Banks

9.4%

US Market


1 Year Return

n/a

FMBN

-24.3%

US Banks

-6.8%

US Market

Return vs Industry: Insufficient data to determine how FMBN performed against the US Banks industry.

Return vs Market: Insufficient data to determine how FMBN performed against the US Market.


Shareholder returns

FMBNIndustryMarket
7 Day0%14.6%9.4%
30 Day-19.6%-4.4%-3.9%
90 Dayn/a-33.9%-16.5%
1 Yearn/a-22.0%-24.3%-4.8%-6.8%
3 Year-32.2%-37.5%-8.3%-15.1%23.4%15.2%
5 Year-1.9%-15.1%16.7%3.3%41.3%25.7%

Price Volatility Vs. Market

How volatile is Farmers & Merchants Bancshares (Burlington IA)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Farmers & Merchants Bancshares (Burlington IA) undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Farmers & Merchants Bancshares (Burlington IA) is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Farmers & Merchants Bancshares (Burlington IA) has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of FMBN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Farmers & Merchants Bancshares (Burlington IA) regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is Farmers & Merchants Bancshares (Burlington IA) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-4.6%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Farmers & Merchants Bancshares (Burlington IA) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of FMBN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Farmers & Merchants Bancshares (Burlington IA)'s filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Farmers & Merchants Bancshares (Burlington IA) performed over the past 5 years?

15.9%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Farmers & Merchants Bancshares (Burlington IA) has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Farmers & Merchants Bancshares (Burlington IA)'s financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Farmers & Merchants Bancshares (Burlington IA)'s finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Farmers & Merchants Bancshares (Burlington IA) has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of FMBN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Farmers & Merchants Bancshares (Burlington IA)'s financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

What is Farmers & Merchants Bancshares (Burlington IA)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FMBN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FMBN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FMBN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FMBN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FMBN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

17.3yrs

Average board tenure


CEO

Charles Walsh

no data

Tenure

Charles L. Walsh is employed with Farmers & Merchants Bank & Trust and Farmers & Merchants Bancshares, Inc. 


Board Members

NamePositionTenureCompensationOwnership
Charles Walsh
Chairman & Presidentno datano data12.76% $761.3k
Charles Walsh
Chief Executive Officerno datano datano data
Lisa Walsh
Director17.25yrsno data13.43% $801.3k
Brian Readinger
Directorno datano data0.040% $2.4k
William Kuepper
Director12.25yrsno data0.070% $4.2k
Michael Ertz
Directorno datano data0.32% $19.1k
Mark Hagerla
Director17.25yrsno data0.31% $18.5k

17.3yrs

Average Tenure

Experienced Board: FMBN's board of directors are seasoned and experienced ( 17.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Farmers & Merchants Bancshares, Inc. (Burlington, IA)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Farmers & Merchants Bancshares, Inc. (Burlington, IA)
  • Ticker: FMBN
  • Exchange: OTCPK
  • Founded: 1916
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$5.965m
  • Shares outstanding: 265.13k
  • Website: https://www.fmbanktrust.com

Location

  • Farmers & Merchants Bancshares, Inc. (Burlington, IA)
  • 221 Jefferson Street
  • PO Box 928
  • Burlington
  • Iowa
  • 52601
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FMBNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 2006

Biography

Farmers and Merchants Bancshares, Inc. operates as a holding company for Farmers & Merchants Bank & Trust that provides various financial services in Des Moines and Louisa Counties, Iowa. It offers checking and savings accounts; and debit and credit cards. The company also provides consumer, agricultural, commercial, and mortgage/real estate loans; merchant, mobile deposit, and notary services; safe deposit boxes; trust and brokerage services; and mobile and online banking, online bill pay, telebanking, and check re-order services, as well as e-statements and remote deposit capture services. Farmers and Merchants Bancshares, Inc. was founded in 1916 and is based in Burlington, Iowa. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 09:13
End of Day Share Price2020/03/26 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.