Farmers & Merchants Bancorp (FMAO) vs Orange County Bancorp (OBT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Orange County Bancorp (OBT) has outperformed Farmers & Merchants Bancorp (FMAO) over the past year, gaining 51.3% versus a gain of 40.9%. Over five years, OBT leads with a +112.1% price change compared with +46.6% for FMAO. Orange County Bancorp is the larger company by market cap ($497.2 million vs $480.7 million), about 1.0 times the size.
On valuation, Orange County Bancorp trades at a lower forward P/E (9.9x vs 10.7x for Farmers & Merchants Bancorp). Farmers & Merchants Bancorp offers the higher dividend yield (2.63% vs 1.81%).
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 | FMAO | OBT |
|---|---|---|
| Share price | $34.90 | $37.08 |
| Market cap | $480.68M | $497.17M |
| 1-day change | -1.25% | -1.12% |
| YTD return | +41.18% | +29.88% |
| 1-year return | +40.90% | +51.35% |
| 5-year return | +46.58% | +112.13% |
| P/E ratio (TTM) | 11.99 | 10.42 |
| Forward P/E | 10.67 | 9.89 |
| EPS (TTM) | $2.91 | $3.56 |
| Dividend yield | 2.63% | 1.81% |
| Annual dividend | $0.918 | $0.67 |
| 52-week high | $36.12 | $40.10 |
| 52-week low | $22.77 | $23.25 |
| Distance from 52-week high | -3.38% | -7.53% |
| Analyst consensus | none | none |
| Avg. price target upside | +3.15% | +16.86% |
| Average volume | 64.99K | 55.05K |
| Shares outstanding | 13.77M | 13.41M |
| Employees | 477 | 235 |
| Sector | Financial Services | Financial Services |
| Industry | Banks - Regional | Banks - Regional |
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
- OBT has outperformed FMAO by 10.5 percentage points over the past year.
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.
Financial Services · Banks - Regional · 477 employees
About Orange County Bancorp
OBT stock →Orange County Bancorp, Inc., a bank holding company, through its subsidiaries, provides commercial and consumer banking products and services. The company operates in Business Banking, Private Banking, and Trust & Wealth Management segments.
Financial Services · Banks - Regional · 235 employees
FMAO vs OBT FAQ
Which is bigger, Farmers & Merchants Bancorp or Orange County Bancorp?
Orange County Bancorp (OBT) is larger, with a market capitalization of $497.17M compared with $480.68M for Farmers & Merchants Bancorp (FMAO).
Which stock has performed better over the past year, FMAO or OBT?
OBT returned +51.35% over the past 12 months, compared with +40.90% for FMAO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FMAO or OBT?
OBT has the lower trailing P/E at 10.4, versus 12.0 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, Farmers & Merchants Bancorp or Orange County Bancorp?
Farmers & Merchants Bancorp has the higher yield at 2.63%, compared with 1.81% for Orange County Bancorp.
Are Farmers & Merchants Bancorp and Orange County Bancorp in the same industry?
Yes. Both are classified in the Banks - Regional industry within the Financial Services sector.