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

Key Points

• Farmers & Merchants Bank of Long Beach reached a new 52-week high of $6,550.00, with a market capitalization of $788.71 million.
• The bank reported quarterly earnings of $112.71 earnings per share and a revenue of $71.40 million.
• A quarterly dividend of $28.00 per share was announced, translating to a 1.7% yield for investors of record.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $6,550.00 and last traded at $6,550.00, with a volume of 3 shares changing hands. The stock had previously closed at $6,500.00.

Farmers & Merchants Bank of Long Beach Price Performance

The stock has a market capitalization of $788.71 million, a P/E ratio of 16.58 and a beta of 0.28. The business's 50 day simple moving average is $5,889.78 and its two-hundred day simple moving average is $5,736.37. 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 (OTCMKTS:FMBL - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $112.71 earnings per share 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $28.00 per share. This represents a $112.00 dividend on an annualized basis and a yield of 1.7%. Farmers & Merchants Bank of Long Beach's dividend payout ratio (DPR) is presently 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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