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

Key Points

• Farmers & Merchants Bank of Long Beach reported quarterly earnings of $147.32 per share with a return on equity of 3.57% and a net margin of 11.10%.
• The company declared a quarterly dividend of $28.00 per share, which results in an annualized dividend of $112.00 and a yield of 1.5%.
• During trading, FMBL shares reached $7,495.00, and the stock has a market cap of approximately $899.40 million.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $147.32 earnings per share (EPS) for the quarter, Zacks reports. 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 Price Performance

Shares of FMBL traded up $395.00 during trading hours on Tuesday, reaching $7,495.00. 15 shares of the company's stock traded hands, compared to its average volume of 108. The stock has a market cap of $899.40 million, a PE ratio of 18.91 and a beta of 0.31. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.29. The firm's 50 day simple moving average is $6,717.11 and its 200-day simple moving average is $6,028.25. Farmers & Merchants Bank of Long Beach has a 12 month low of $5,275.00 and a 12 month high of $7,500.00.

Farmers & Merchants Bank of Long Beach Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $28.00 per share. This represents a $112.00 dividend on an annualized basis and a dividend yield of 1.5%. Farmers & Merchants Bank of Long Beach's dividend payout ratio (DPR) is presently 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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