Farmers & Merchants Bank of Long Beach to Issue Quarterly Dividend of $28.00 (OTCMKTS:FMBL)

Key Points

• Farmers & Merchants Bank of Long Beach has declared a quarterly dividend of $28.00 per share, with payment scheduled for September 30th to investors of record as of September 15th.
• The bank's stock experienced a 6.6% increase, rising to $6,210.00, with a market capitalization of $745.20 million.
• For the latest quarter, the bank reported earnings of $112.71 EPS and revenue of $71.40 million, indicating a net margin of 11.10% and a return on equity of 3.57%.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) declared a quarterly dividend on Monday, August 25th, RTT News reports. Shareholders of record on Monday, September 15th will be given a dividend of 28.00 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.7%.

Farmers & Merchants Bank of Long Beach Stock Performance

Shares of Farmers & Merchants Bank of Long Beach stock traded up $2.00 on Friday, hitting $6,422.00. The stock had a trading volume of 83 shares, compared to its average volume of 89. The stock has a market cap of $770.64 million, a price-to-earnings ratio of 16.20 and a beta of 0.26. The business's 50 day moving average is $5,795.84 and its two-hundred day moving average is $5,705.27. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29. Farmers & Merchants Bank of Long Beach has a twelve month low of $5,018.00 and a twelve month high of $6,505.93.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $112.71 EPS for the quarter. The firm 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%.

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.