ChoiceOne Financial Services (COFS) vs Farmers & Merchants Bancorp (FMAO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Farmers & Merchants Bancorp (FMAO) has outperformed ChoiceOne Financial Services (COFS) over the past year, gaining 40.9% versus a gain of 16.2%. Over five years, FMAO leads with a +45.1% price change compared with +30.4% for COFS. ChoiceOne Financial Services is the larger company by market cap ($485.8 million vs $475.9 million), about 1.0 times the size.
On valuation, ChoiceOne Financial Services trades at a lower forward P/E (8.7x vs 10.6x for Farmers & Merchants Bancorp). ChoiceOne Financial Services offers the higher dividend yield (3.54% vs 2.66%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | COFS | FMAO |
|---|---|---|
| Share price | $32.48 | $34.55 |
| Market cap | $485.76M | $475.86M |
| 1-day change | -1.64% | -1.45% |
| YTD return | +10.03% | +39.77% |
| 1-year return | +16.21% | +40.91% |
| 5-year return | +30.39% | +45.11% |
| P/E ratio (TTM) | 8.85 | 11.87 |
| Forward P/E | 8.72 | 10.57 |
| EPS (TTM) | $3.67 | $2.91 |
| Dividend yield | 3.54% | 2.66% |
| Annual dividend | $1.15 | $0.918 |
| 52-week high | $35.40 | $36.12 |
| 52-week low | $26.10 | $22.77 |
| Distance from 52-week high | -8.25% | -4.35% |
| Analyst consensus | buy | none |
| Avg. price target upside | +13.92% | +4.20% |
| Average volume | 80.09K | 63.45K |
| Shares outstanding | 14.96M | 13.77M |
| Employees | 577 | 477 |
| Sector | Finance | Finance |
| Industry | Major Banks | Savings Institutions |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FMAO has outperformed COFS by 24.7 percentage points over the past year.
- Farmers & Merchants Bancorp trades at a higher earnings multiple (11.9x vs 8.9x trailing P/E).
About ChoiceOne Financial Services
COFS stock →ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides various banking services in the Michigan.
Finance · Major Banks · 577 employees
About Farmers & Merchants Bancorp
FMAO stock →Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio, Northeast Indiana, and Southeast Michigan.
Finance · Savings Institutions · 477 employees
COFS vs FMAO FAQ
Which is bigger, ChoiceOne Financial Services or Farmers & Merchants Bancorp?
ChoiceOne Financial Services (COFS) is larger, with a market capitalization of $485.76M compared with $475.86M for Farmers & Merchants Bancorp (FMAO).
Which stock has performed better over the past year, COFS or FMAO?
FMAO returned +40.91% over the past 12 months, compared with +16.21% for COFS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, COFS or FMAO?
COFS has the lower trailing P/E at 8.9, versus 11.9 for FMAO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, ChoiceOne Financial Services or Farmers & Merchants Bancorp?
ChoiceOne Financial Services has the higher yield at 3.54%, compared with 2.66% for Farmers & Merchants Bancorp.
Are ChoiceOne Financial Services and Farmers & Merchants Bancorp in the same industry?
Both are in the Finance sector, but in different industries: Major Banks for ChoiceOne Financial Services and Savings Institutions for Farmers & Merchants Bancorp.