Loading
Farmers & Merchants Bancshares, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by Miller Emily Bollinger, was filed 26 Nov 2025.
Farmers & Merchants Bancshares, Inc.: what insiders have been doing
Every trade that managers of Farmers & Merchants Bancshares, Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Finance & Banking sector. From 22 October 2025 to 22 October 2026, the disclosure feed for Farmers & Merchants Bancshares, Inc. logged 9 filings by 8 insiders.
Every open-market trade in the period is a purchase: 1 purchase worth €10k, from 1 insider, and not a single sale. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Among those who bought: 1 senior executive. Miller Emily Bollinger filed the largest purchase, €10k, on 26 November 2025.
The last insider purchase was made public on 26 November 2025, 332 days ago. Filings reach the SEC (Form 4) feed a median of 4 days after the trade. Section 16 rules allow two business days to file each Form 4.
For context, the typical company on the same exchange (median of 277 companies) published 8 filings over the same period, against 9 filings here. Our records for Farmers & Merchants Bancshares, Inc. go back to 2017, with 41 purchases and 5 sales on the open market in total. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists net income at 5.8 m USD.
Other companies in the same sector with recent insider buying flagged by our signals: Dynex Capital Inc and Presurance Holdings, Inc. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
73
Thresholds
n/a
Buy Volume
€573,970
41 ops. · all time
Sell Volume
€149,695
5 ops. · all time
Who traded when
BuySaleEmily Bollinger Miller1 buy
Roger D. Cassell1 buy
Ronald W. Hux1 buy
Since the insiders bought
- +10.3%Entry US$16.87 · Close 20 Oct 2026 US$18.60
- +13.1%Entry US$14.85 · Close at T+365 US$16.80
- +13.8%Entry US$14.83 · Close at T+365 US$16.87
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 1,142 of 26,250 companies
79.8
score / 100
Value82
Quality78
FCF yld9.4%
Earn yld9.5%
EV/EBITDA·
ROE11%
Gross mgn·
Net mgn22%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$18.60
Analyst consensus
Income statement
RevenueUS$25.7M
Net incomeUS$5.8M25.5% margin
Valuation
PER (trailing)8.5x
P/Book0.9x
Beta-0.21
Balance sheet & cash
Market capUS$60.7M
Total debtUS$74.7M
Free Cash FlowUS$5.7M
Profitability & ownership
ROE11.1%
ROA0.8%
% insiders19.8%
% institutions2.1%
Last declaration on 29 January 2026
Declarations73 total
1,200 shares0Common StockSEC:0002068082-26-000001:0
265 shares@ US$17.0218.9% of flowFMFGSEC:0001701004-26-000001:0
823 shares@ US$17.0296.2% of flowFMFGSEC:0001992504-26-000001:0
910 shares@ US$17.0249.1% of flowFMFGSEC:0001991135-26-000001:0
827 shares@ US$17.0211.8% of flowFMFGSEC:0001702053-26-000001:0
2,287 shares@ US$17.02100.0% of flowFMFGSEC:0001702047-26-000001:0
800 shares@ US$17.027.8% of flowFMFGSEC:0001702009-26-000001:0
6,905 shares@ US$16.6650.6% of flowCommon StockSEC:0001631680-25-000005:0
750 shares@ US$16.0038.6% of flowFMFGSEC:0001991135-25-000003:0
Canonical exit: 23 Feb 2026 (T+90)
6,853 shares@ US$16.43100.0% of flowCommon StockSEC:0001631680-25-000002:0
6,853 shares@ US$16.4349.4% of flowCommon StockSEC:0001631680-25-000001:0
2,286 shares0FMFGSEC:0001417761-25-000005:0
1,373 shares0FMFGSEC:0001417761-25-000004:0
872 shares0Common StockSEC:0001701004-25-000004:0
841 shares0Common StockSEC:0001701004-25-000005:0
1,356 shares0FMFGSEC:0001417761-25-000003:0
125 shares0Common StockSEC:0001701004-25-000003:0
125 shares0Common StockSEC:0001701004-25-000001:0
100 shares0Common StockSEC:0001701004-25-000002:0
2,926 shares0Common StockSEC:0001701004-24-000008:0
500 shares@ US$15.2599.9% of flowCommon StockSEC:0001701004-24-000007:0
Canonical exit: 12 Mar 2025 (T+90)
10,000 shares@ US$14.6592.2% of flowCommon StockSEC:0001701004-24-000006:0
Canonical exit: 18 Feb 2025 (T+90)
500 shares@ US$16.0035.8% of flowCommon StockSEC:0001701004-24-000005:0
Canonical exit: 6 Nov 2024 (T+90)
374 shares@ US$16.2512.6% of flowCommon StockSEC:0001701004-24-000004:1
Canonical exit: 3 Nov 2024 (T+90)
500 shares@ US$15.9716.6% of flowCommon StockSEC:0001701004-24-000004:2
Canonical exit: 4 Nov 2024 (T+90)
25 of 73 declarations
About Farmers & Merchants Bancshares, Inc.
Farmers & Merchants Bancshares, Inc. (ticker: FMFG) is a U.S. financial-services company best viewed as a community-banking name rather than a large national bank. It is a Maryland-chartered bank holding company formed in 2016 and headquartered in Hampstead, Maryland, while its banking subsidiary, Farmers and Merchants Bank, dates back to 1919 and is headquartered in Upperco, Maryland. The company is quoted in the United States on the OTC market; for international equity investors, that matters because liquidity, analyst coverage and disclosure dynamics tend to differ from those of NYSE or NASDAQ-listed banks.
FMFG’s business model is straightforward and typical of a relationship-driven regional lender. Through Farmers and Merchants Bank, it offers commercial and retail banking services to individuals and businesses across its local Maryland footprint. Its product set includes checking and savings accounts, residential mortgage lending, construction loans, home-equity lines, personal installment loans and other consumer credit products. On the commercial side, the bank provides credit and deposit services to small and medium-sized businesses, and it also serves the agricultural community. That mix gives the company a diversified but still geographically concentrated earnings base.
Read moreShow less
From a competitive standpoint, the key attributes are longevity, local branding and proximity to customers. Rather than competing on national scale, FMFG competes as a traditional community bank focused on personalized service, local decision-making and strong ties to households, small businesses and municipal or community customers in Maryland. Its franchise is rooted in long-term deposit relationships and lending to local borrowers, which can be attractive in stable regional markets but also leaves the company exposed to local economic conditions, credit quality trends and interest-rate sensitivity.
Recent corporate highlights are consistent with a conservative community-bank profile. In early 2025, the company reported full-year 2024 net income of $4.28 million, or $1.37 per share, versus $6.42 million, or $2.08 per share, in 2023. In November 2024, the board declared a cash dividend of $0.34 per share, reinforcing the company’s shareholder-return orientation. SEC filings for 2024 also reference one-off items, including insurance proceeds tied to storm damage at the bank’s Upperco, Maryland location, along with other operating revenue and expense fluctuations.
Overall, Farmers & Merchants Bancshares is a small U.S. community-bank holding company with a long operating history, a narrow but durable regional franchise, and a product mix centered on deposits, mortgages, small-business lending and local commercial banking. Its investment case is primarily about earnings stability, capital discipline and the resilience of a Maryland-focused banking franchise in a changing rate environment.
Recent ranked signals in the same sector
Purchases our model currently ranks for the recommendations list.
All recommendations
