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

Key Points

• Farmers & Merchants Bank of Long Beach stock reached a new 52-week high of $7,200.00, indicating strong market performance with a market capitalization of $852 million.
• The bank reported quarterly earnings of $112.71 earnings per share and a revenue of $71.40 million, showcasing solid financial health with a net margin of 11.10%.
• The recent dividend announcement revealed a payment of $28.00 per share with a 1.6% yield, highlighting a sustainable payout ratio of 28.26% for shareholders.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $7,200.00 and last traded at $7,200.00, with a volume of 9 shares. The stock had previously closed at $7,105.00.

Farmers & Merchants Bank of Long Beach Price Performance

The company has a market capitalization of $852 million, a P/E ratio of 17.91 and a beta of 0.31. 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 firm's 50-day moving average is $6,416.69 and its 200-day moving average is $5,920.07.

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 business had revenue of $71.40 million for the quarter. Farmers & Merchants Bank of Long Beach had a net margin of 11.10% and a return on equity of 3.57%.

Farmers & Merchants Bank of Long Beach Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.6%. Farmers & Merchants Bank of Long Beach's payout ratio is 28.26%.

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.

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