Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Hits New 52-Week High - Here's What Happened

Key Points

• Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) shares hit a new 52-week high at $7,200.00, up from a previous close of $7,100.00.
• The bank reported quarterly earnings of $112.71 per share and revenue of $71.40 million, achieving a net margin of 11.10%.
• A quarterly dividend of $28.00 will be paid on September 30th, representing an annual yield of 1.6%.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7,200.00 and last traded at $7,200.00, with a volume of 19 shares trading hands. The stock had previously closed at $7,100.00.

Farmers & Merchants Bank of Long Beach Stock Up 1.4%

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $864 million, a PE ratio of 18.17 and a beta of 0.28. The company has a 50 day moving average price of $6,172.51 and a 200-day moving average price of $5,832.68.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $112.71 earnings per share for the quarter. The company had revenue of $71.40 million for the quarter. Farmers & Merchants Bank of Long Beach had a return on equity of 3.57% and a net margin of 11.10%.

Farmers & Merchants Bank of Long Beach Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $28.00 dividend. This represents a $112.00 annualized dividend and a yield of 1.6%. Farmers & Merchants Bank of Long Beach's payout ratio is 28.26%.

Farmers & Merchants Bank of Long Beach Company Profile

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.

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