Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Reaches New 1-Year High - Time to Buy?

Key Points

• Farmers & Merchants Bank of Long Beach's stock reached a new 52-week high of $7,000.00, with a trading volume of only 13 shares.
• The bank reported earnings of $112.71 per share for the recent quarter, with revenues of $71.40 million and a net margin of 11.10%.
• A quarterly dividend of $28.00 per share will be paid at the end of September, yielding 1.6% annually and reflecting a 28.26% dividend payout ratio.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7,000.00 and last traded at $7,000.00, with a volume of 13 shares changing hands. The stock had previously closed at $6,989.00.

Farmers & Merchants Bank of Long Beach Stock Performance

The firm's 50 day simple moving average is $6,143.51 and its 200-day simple moving average is $5,822.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $864 million, a price-to-earnings ratio of 18.17 and a beta of 0.28.

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

Farmers & Merchants Bank of Long Beach Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued 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 dividend payout ratio is currently 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.