Farmers & Merchants Bancorp: Historically Cheap For The Long-Term Investor
TBBKThe Bancorp(TBBK) Seeking Alpha·2024-08-24 01:59

Dennis Garrels/iStock Editorial via Getty Images I remarked last time that things often move slowly for California-based Farmers & Merchants Bancorp (OTCQX:FMCB)("F&M"). Being hidden away on the pink sheets probably drives a lot of that, but F&M is also a remarkably stable bank at the business level. After all, it hasn't racked up 59 years of consecutive annual dividend growth earning "Dividend King" status in the process, without being somewhat reliable. Sure enough, these shares have continued to drift si ...