2024-07-03 12:12:50 ET
Summary
- HTM securities represent a potential problem.
- The bank has low volatility, strong financials, increasing TBV per share, and a focus on credit risk.
- It has 59 years in a row of growing dividends, conservative dividend growth, and appears undervalued with potential for capital gains.
Farmers & Merchants Bancorp ( FMCB ) was founded back in 1916 and is headquartered in Lodi, California. This bank has a market cap of only $700 million, which is why it is likely unknown to many. However, going deeper into its financial statements, I noticed that it has some very interesting traits, and I think it deserves more attention....
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Farmers & Merchants Bancorp: Time To Buy This Dividend King