Farmers & Merchants Bancorp (FMAO) vs Waterstone Financial (WSBF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Farmers & Merchants Bancorp (FMAO) has outperformed Waterstone Financial (WSBF) over the past year, gaining 40.9% versus a gain of 28.4%. Over five years, FMAO leads with a +46.6% price change compared with -3.8% for WSBF. Farmers & Merchants Bancorp is the larger company by market cap ($480.7 million vs $352.9 million), about 1.4 times the size.
On valuation, Farmers & Merchants Bancorp trades at a lower forward P/E (10.7x vs 19.4x for Waterstone Financial). Waterstone Financial offers the higher dividend yield (3.26% vs 2.63%).
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 | WSBF |
|---|---|---|
| Share price | $34.90 | $19.63 |
| Market cap | $480.68M | $352.89M |
| 1-day change | -1.25% | -1.21% |
| YTD return | +41.18% | +18.61% |
| 1-year return | +40.90% | +28.38% |
| 5-year return | +46.58% | -3.82% |
| P/E ratio (TTM) | 11.99 | 11.35 |
| Forward P/E | 10.67 | 19.44 |
| EPS (TTM) | $2.91 | $1.73 |
| Dividend yield | 2.63% | 3.26% |
| Annual dividend | $0.918 | $0.64 |
| 52-week high | $36.12 | $21.66 |
| 52-week low | $22.77 | $14.52 |
| Distance from 52-week high | -3.38% | -9.37% |
| Average volume | 64.99K | 76.18K |
| Shares outstanding | 13.77M | 17.98M |
| 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
- FMAO has outperformed WSBF by 12.5 percentage points over the past year.
FMAO vs WSBF FAQ
Which is bigger, Farmers & Merchants Bancorp or Waterstone Financial?
Farmers & Merchants Bancorp (FMAO) is larger, with a market capitalization of $480.68M compared with $352.89M for Waterstone Financial (WSBF).
Which stock has performed better over the past year, FMAO or WSBF?
FMAO returned +40.90% over the past 12 months, compared with +28.38% for WSBF (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FMAO or WSBF?
WSBF has the lower trailing P/E at 11.3, 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 Waterstone Financial?
Waterstone Financial has the higher yield at 3.26%, compared with 2.63% for Farmers & Merchants Bancorp.
Are Farmers & Merchants Bancorp and Waterstone Financial in the same industry?
Yes. Both are classified in the Savings Institutions industry within the Finance sector.