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

Farmers & Merchants Bank of Long Beach logo with Finance background

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $5,838.50 and last traded at $5,795.00, with a volume of 50 shares changing hands. The stock had previously closed at $5,790.00.

Farmers & Merchants Bank of Long Beach Price Performance

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 stock has a market capitalization of $694.80 million, a P/E ratio of 14.61 and a beta of 0.27. The firm has a 50-day moving average price of $5,640.23 and a 200 day moving average price of $5,651.98.

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

Farmers & Merchants Bank of Long Beach Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $28.00 per share. This represents a $112.00 annualized dividend and a yield of 1.93%. Farmers & Merchants Bank of Long Beach's payout ratio is 28.26%.

About Farmers & Merchants Bank of Long Beach

(Get Free Report)

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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