Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Issues Earnings Results

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) announced its earnings results on Tuesday. The company reported $102.71 earnings per share for the quarter, reports. The business had revenue of $65.69 million for the quarter. Farmers & Merchants Bank of Long Beach had a return on equity of 4.61% and a net margin of 13.71%.

Farmers & Merchants Bank of Long Beach Price Performance

FMBL opened at $4,250.00 on Friday. The stock’s 50 day simple moving average is $4,717.24 and its 200 day simple moving average is $4,822.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.76 and a quick ratio of 0.76. Farmers & Merchants Bank of Long Beach has a 1 year low of $4,225.00 and a 1 year high of $5,800.00. The firm has a market cap of $510 million, a price-to-earnings ratio of 8.70 and a beta of 0.41.

Farmers & Merchants Bank of Long Beach Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $28.00 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $112.00 annualized dividend and a dividend yield of 2.64%. Farmers & Merchants Bank of Long Beach’s dividend payout ratio (DPR) is presently 23.07%.

About Farmers & Merchants Bank of Long Beach

Farmers & Merchants Bank of Long Beach provides various banking products and services to individuals, professionals, and small to medium-sized businesses in Los Angeles, Orange, and Santa Barbara Counties. It offers checking, savings, Christmas club savings, health savings, market rate savings, and money market accounts; demand and time deposits; certificates of deposit; and individual retirement account.