Citizens Community Bancorp (CZWI) 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 Citizens Community Bancorp (CZWI) over the past year, gaining 40.9% versus a gain of 33.0%. Over five years, CZWI leads with a +52.6% price change compared with +45.1% for FMAO. Farmers & Merchants Bancorp is the larger company by market cap ($475.9 million vs $203.6 million), about 2.3 times the size.
On valuation, Citizens Community Bancorp trades at a lower forward P/E (9.7x vs 10.6x for Farmers & Merchants Bancorp). Farmers & Merchants Bancorp offers the higher dividend yield (2.66% vs 1.00%).
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 | CZWI | FMAO |
|---|---|---|
| Share price | $21.10 | $34.55 |
| Market cap | $203.62M | $475.86M |
| 1-day change | -1.45% | -1.45% |
| YTD return | +18.41% | +39.77% |
| 1-year return | +33.04% | +40.91% |
| 5-year return | +52.57% | +45.11% |
| P/E ratio (TTM) | 16.11 | 11.87 |
| Forward P/E | 9.72 | 10.57 |
| EPS (TTM) | $1.31 | $2.91 |
| Dividend yield | 1.00% | 2.66% |
| Annual dividend | $0.21 | $0.918 |
| 52-week high | $24.43 | $36.12 |
| 52-week low | $14.61 | $22.77 |
| Distance from 52-week high | -13.63% | -4.35% |
| Analyst consensus | none | none |
| Avg. price target upside | +5.45% | +4.20% |
| Average volume | 47.95K | 62.81K |
| Shares outstanding | 9.65M | 13.77M |
| Employees | 217 | 477 |
| Sector | Finance | Finance |
| Industry | Savings Institutions | 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
- Farmers & Merchants Bancorp is about 2.3 times larger than Citizens Community Bancorp by market value ($475.86M vs $203.62M).
- Citizens Community Bancorp trades at a higher earnings multiple (16.1x vs 11.9x trailing P/E).
- Farmers & Merchants Bancorp offers a meaningfully higher dividend yield (2.66% vs 1.00%).
About Citizens Community Bancorp
CZWI stock →Citizens Community Bancorp, Inc. operates as a bank holding company for Citizens Community Federal N.A.
Finance · Savings Institutions · 217 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
CZWI vs FMAO FAQ
Which is bigger, Citizens Community Bancorp or Farmers & Merchants Bancorp?
Farmers & Merchants Bancorp (FMAO) is larger, with a market capitalization of $475.86M compared with $203.62M for Citizens Community Bancorp (CZWI).
Which stock has performed better over the past year, CZWI or FMAO?
FMAO returned +40.91% over the past 12 months, compared with +33.04% for CZWI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CZWI or FMAO?
FMAO has the lower trailing P/E at 11.9, versus 16.1 for CZWI. 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, Citizens Community Bancorp or Farmers & Merchants Bancorp?
Farmers & Merchants Bancorp has the higher yield at 2.66%, compared with 1.00% for Citizens Community Bancorp.
Are Citizens Community Bancorp and Farmers & Merchants Bancorp in the same industry?
Yes. Both are classified in the Savings Institutions industry within the Finance sector.