FARMERS & MERCHANTS BANCORP FMAO
COM · Common Stock · CUSIP 30779N105
- SectorFinancials
- IndustrySavings Institution, Federally Chartered
- HeadquartersArchbold, OH
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($920.2k this quarter). Holder counts are more reliable. Shares outstanding: 13.8m as of 2026-07-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $30.62. Options: 1 managers hold calls ($30.6k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 65 |
| Q4 2022 | 64 |
| Q1 2023 | 54 |
| Q2 2023 | 55 |
| Q3 2023 | 55 |
| Q4 2023 | 60 |
| Q1 2024 | 60 |
| Q2 2024 | 64 |
| Q3 2024 | 69 |
| Q4 2024 | 73 |
| Q1 2025 | 74 |
| Q2 2025 | 79 |
| Q3 2025 | 88 |
| Q4 2025 | 92 |
| Q1 2026 | 107 |
| Q2 2026 | 117 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 35 | 21 |
| Q4 2024 | 37 | 19 |
| Q1 2025 | 25 | 34 |
| Q2 2025 | 37 | 24 |
| Q3 2025 | 47 | 27 |
| Q4 2025 | 44 | 34 |
| Q1 2026 | 52 | 33 |
| Q2 2026 | 72 | 29 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.5k | $997.9k | 399.00 |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $0 | $274.7k | — |
| Q2 2026 | $30.6k | $0 | 0.00 |
Biggest buyers
| BlackRock, Inc. | Added | +163.7k |
| AMERICAN CENTURY COMPANIES INC | Added | +125.5k |
| AQR CAPITAL MANAGEMENT LLC | Added | +59.2k |
| RENAISSANCE TECHNOLOGIES LLC | New | +56.9k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +52.9k |
| Quantinno Capital Management LP | Added | +47.3k |
| STATE STREET CORP | Added | +43.7k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +42.6k |
| DIMENSIONAL FUND ADVISORS LP | Added | +41.5k |
| CITADEL ADVISORS LLC | Added | +36.1k |
Biggest sellers
| RAYMOND JAMES FINANCIAL INC | Sold out | -135.3k |
| Goelzer Investment Management, Inc. | Reduced | -105.0k |
| Rhino Investment Partners, Inc | Sold out | -68.7k |
| MARSHALL WACE, LLP | Reduced | -66.4k |
| Squarepoint Ops LLC | Sold out | -40.3k |
| MORGAN STANLEY | Reduced | -16.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -15.1k |
| JANE STREET GROUP, LLC | Sold out | -11.1k |
| HSBC HOLDINGS PLC | Sold out | -10.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -9.4k |
Biggest calls
| SIMPLEX TRADING, LLC | New | $30.6k1.0k shares |
Biggest puts
| None |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $5.1k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 2 | $68.0k | 0 | — | — |
| Q1 2026 | 0 | — | 1 | $36.0k | — |
| Q2 2026 | 0 | — | 2 | $3.0m | $2.9m |
| Q3 2026 | 1 | $10.3k | 2 | $3.3m | $3.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-18 | Briggs Andrew J Director | Sold plan | $84.2k2.4k shares |
| 2026-08-17 | Briggs Andrew J Director | Sold plan | $105.3k3.0k shares |
| 2026-08-14 | Briggs Andrew J Director | Sold plan | $106.1k3.0k shares |
| 2026-08-13 | Briggs Andrew J Director | Sold plan | $105.6k3.0k shares |
| 2026-08-12 | Briggs Andrew J Director | Sold plan | $104.8k3.0k shares |
| 2026-08-11 | Briggs Andrew J Director | Sold plan | $103.4k3.0k shares |
| 2026-08-10 | Briggs Andrew J Director | Sold plan | $103.6k3.0k shares |
| 2026-08-07 | Briggs Andrew J Director | Sold plan | $102.2k3.0k shares |
| 2026-08-06 | Briggs Andrew J Director | Sold plan | $102.7k3.0k shares |
| 2026-08-06 | Gerken David R EVP/CLO | Sold | $33.7k1.0k shares |
| 2026-08-05 | Briggs Andrew J Director | Sold plan | $104.3k3.0k shares |
| 2026-08-04 | Briggs Andrew J Director | Sold plan | $101.0k3.0k shares |
| 2026-08-03 | Briggs Andrew J Director | Sold plan | $101.1k3.0k shares |
| 2026-08-03 | ALLEN GREGORY R Director | Bought | $10.3k300 shares |
| 2026-07-31 | Briggs Andrew J Director | Sold plan | $99.2k3.0k shares |
| 2026-07-30 | Briggs Andrew J Director | Sold plan | $104.6k3.0k shares |
| 2026-07-29 | Briggs Andrew J Director | Sold plan | $103.4k3.0k shares |
| 2026-07-28 | Briggs Andrew J Director | Sold plan | $94.8k3.0k shares |
| 2026-07-27 | Briggs Andrew J Director | Sold plan | $92.9k3.0k shares |
| 2026-07-24 | Briggs Andrew J Director | Sold plan | $91.3k3.0k shares |
| 2026-07-23 | Briggs Andrew J Director | Sold plan | $89.8k3.0k shares |
| 2026-07-22 | Briggs Andrew J Director | Sold plan | $92.5k3.0k shares |
| 2026-07-21 | Briggs Andrew J Director | Sold plan | $92.2k3.0k shares |
| 2026-07-20 | Briggs Andrew J Director | Sold plan | $91.4k3.0k shares |
| 2026-07-17 | Briggs Andrew J Director | Sold plan | $93.2k3.0k shares |
| 2026-07-16 | Briggs Andrew J Director | Sold plan | $90.2k3.0k shares |
| 2026-07-15 | Briggs Andrew J Director | Sold plan | $89.4k3.0k shares |
| 2026-07-14 | Briggs Andrew J Director | Sold plan | $90.3k3.0k shares |
| 2026-07-13 | Briggs Andrew J Director | Sold plan | $89.3k3.0k shares |
| 2026-07-10 | Briggs Andrew J Director | Sold plan | $88.6k3.0k shares |
The latest 30 of 71 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 1.1m $33.2m | Added +163.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 577.3k $17.7m | Added +42.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 334.4k $10.2m | Added +25.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 289.2k $8.8m | Reduced -1.4k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 268.4k $8.2m | Added +41.5k |
| STATE STREET CORP 0.00% of their portfolio | 268.0k $8.2m | Added +43.7k |
| Goelzer Investment Management, Inc. 0.30% of their portfolio | 223.6k $6.8m | Reduced -105.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 187.0k $5.7m | Added +125.5k |
| Mendel Money Management 1.30% of their portfolio | 115.9k $3.5m | Reduced -7.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 106.3k $3.3m | Added +11.4k |
| Gryphon Financial Partners LLC 0.27% of their portfolio | 100.2k $3.1m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 91.0k $2.8m | Added +18.2k |
| Quantinno Capital Management LP 0.00% of their portfolio | 85.3k $2.6m | Added +47.3k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 84.9k $2.6m | Reduced -1.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 74.1k $2.3m | Added +59.2k |
| SEGALL BRYANT & HAMILL, LLC 0.02% of their portfolio | 68.2k $2.1m | Added +16.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 61.6k $1.9m | Added +52.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 56.9k $1.7m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 55.1k $1.7m | Added +36.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 49.8k $1.5m | Added +4.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 39.3k $1.2m | Added +5.3k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.01% of their portfolio | 34.2k $1.0m | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 34.2k $1.0m | Added +19.6k |
| Trexquant Investment LP 0.01% of their portfolio | 33.1k $1.0m | Added +12.7k |
| Venture Visionary Partners LLC 0.03% of their portfolio | 31.0k $948.3k | Added +38 |
| Empowered Funds, LLC 0.00% of their portfolio | 29.7k $906.9k | New |
| Nuveen, LLC 0.00% of their portfolio | 28.1k $860.4k | Unchanged |
| XTX Topco Ltd 0.01% of their portfolio | 25.2k $772.1k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 24.3k $743.9k | Reduced -9.4k |
| Integrated Quantitative Investments LLC 0.12% of their portfolio | 24.0k $734.4k | Added +8.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 22.3k $682.2k | Reduced -15.1k |
| Creative Planning 0.00% of their portfolio | 22.2k $678.4k | New |
| MORGAN STANLEY 0.00% of their portfolio | 19.5k $595.2k | Reduced -16.1k |
| Man Group plc 0.00% of their portfolio | 17.5k $534.5k | Added +7.8k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 17.1k $523.0k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 16.8k $515.0k | Added +1.3k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 16.8k $513.8k | Added +5.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 16.3k $497.0k | Added +4.4k |
| Legato Capital Management LLC 0.04% of their portfolio | 15.6k $477.5k | Unchanged |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 14.6k $446.9k | Reduced -37 |
| HICKS CAPITAL MANAGEMENT LLC 0.36% of their portfolio | 14.5k $443.8k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 14.3k $438.7k | Reduced -2.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 13.2k $404.1k | Added +7.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 12.5k $381.1k | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 12.4k $379.6k | Reduced -66.4k |
| Invesco Ltd. 0.00% of their portfolio | 12.4k $378.6k | Reduced -3.5k |
| Waverly Advisors, LLC 0.00% of their portfolio | 12.1k $369.1k | Added +137 |
| Revisor Wealth Management LLC 0.09% of their portfolio | 11.6k $354.9k | Unchanged |
| Align Financial, LLC 0.17% of their portfolio | 11.2k $342.5k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 11.1k $341.0k | Added +2.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 11.1k $285.2k | Added +990 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 10.6k $325.5k | New |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 9.6k $293.7k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 9.0k $275.0k | Reduced -3.2k |
| ABNER HERRMAN & BROCK LLC 0.03% of their portfolio | 8.9k $271.0k | Unchanged |
| Semanteon Capital Management, LP 1.14% of their portfolio | 8.3k $252.3k | New |
| UBS Group AG 0.00% of their portfolio | 8.2k $249.3k | Added +3.3k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 8.1k $249.1k | New |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 8.1k $249.0k | New |
| Tufton Capital Management 0.04% of their portfolio | 7.8k $238.0k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 7.5k $230.4k | Added +628 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.00% of their portfolio | 7.5k $229.8k | New |
| CITIGROUP INC 0.00% of their portfolio | 7.5k $229.4k | Added +5.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 7.1k $217.0k | New |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio | 6.9k $211.9k | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 6.9k $211.2k | Added +6.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 6.2k $190.8k | Added +193 |
| GLOBEFLEX CAPITAL L P 0.02% of their portfolio | 5.9k $181.4k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 5.7k $175.6k | Added +551 |
| STRS OHIO 0.00% of their portfolio | 5.7k $174.3k | New |
| Pavaki Capital Management LLC 0.09% of their portfolio | 5.0k $152.9k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 4.7k $143.2k | Added +1.5k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 4.4k $136.1k | Unchanged |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 4.4k $135.2k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 4.2k $128.7k | Unchanged |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 4.1k $125.0k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 3.9k $120.7k | Added +619 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 3.7k $114.0k | Added +324 |
| TRUST CO OF TOLEDO NA /OH/ 0.01% of their portfolio | 3.6k $111.3k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.6k $110.8k | Reduced -2.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.7k $81.0k | Added +2.6k |
| Clearstead Advisors, LLC 0.00% of their portfolio | 2.6k $80.9k | Added +22 |
| CoreCap Advisors, LLC 0.00% of their portfolio | 2.3k $69.2k | Added +19 |
| Larson Financial Group LLC 0.00% of their portfolio | 2.0k $62.2k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 2.0k $60.0k | Reduced -4.2k |
| GAMMA Investing LLC 0.00% of their portfolio | 1.9k $59.2k | Added +93 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 1.4k $42.0k | Reduced -101 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.3k $41.0k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 1.3k $40.4k | Added +198 |
| Arax Advisory Partners 0.00% of their portfolio | 1.2k $37.1k | Added +1.1k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 991 $30.3k | Reduced -2.6k |
| Versant Capital Management, Inc 0.00% of their portfolio | 813 $24.9k | Added +341 |
| FMR LLC 0.00% of their portfolio | 498 $15.2k | Added +241 |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 423 $12.0k | Unchanged |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 280 $8.6k | Unchanged |
| Sterling Capital Management LLC 0.00% of their portfolio | 273 $8.3k | Reduced -148 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 178 $5.4k | Reduced -509 |
| Allworth Financial LP 0.00% of their portfolio | 174 $5.3k | Added +157 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 174 $5.3k | New |
| IFP Advisors, Inc 0.00% of their portfolio | 93 $2.8k | Added +78 |