Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Hits New 52-Week High – Time to Buy?

Shares of Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) hit a new 52-week high during trading on Friday . The company traded as high as $8,500.00 and last traded at $8,500.00, with a volume of 20 shares traded. The stock had previously closed at $8,449.00.

Farmers & Merchants Bank of Long Beach Stock Up 0.1%

The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.71 and a beta of 0.30. The business has a 50 day moving average of $8,326.95 and a 200 day moving average of $7,549.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.75 and a quick ratio of 0.75.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) last posted its earnings results on Monday, January 26th. The company reported $141.90 earnings per share for the quarter. Farmers & Merchants Bank of Long Beach had a net margin of 15.22% and a return on equity of 4.89%. The business had revenue of $78.60 million for the quarter.

Farmers & Merchants Bank of Long Beach Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $43.00 per share. This represents a dividend yield of 215.0%. The ex-dividend date was Friday, November 28th. Farmers & Merchants Bank of Long Beach’s dividend payout ratio (DPR) is 20.81%.

About Farmers & Merchants Bank of Long Beach

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) is a community bank founded in 1907 and headquartered in Long Beach, California. As a wholly owned subsidiary of FMB Bancorp, the bank serves individuals, families and local businesses with a focus on personalized relationship banking. Its long history reflects a commitment to supporting the economic growth and development of the communities it serves.

The bank’s primary business activities include a broad range of commercial and retail banking services.