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 $7,200.00 per share on Tuesday, with a trading volume of 46 shares.
• The bank recently reported earnings of $112.71 EPS for the quarter, along with a revenue of $71.40 million and a net margin of 11.10%.
• A quarterly dividend of $28.00 was declared, yielding an annualized dividend of 1.6% with a payout ratio of 28.26%.

Shares of Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $7,200.00 and last traded at $7,200.00, with a volume of 46 shares traded. The stock had previously closed at $7,075.00.

Farmers & Merchants Bank of Long Beach Stock Up 1.8%

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 price is $6,573.21 and its 200 day moving average price is $5,975.80. The firm has a market cap of $878.40 million, a P/E ratio of 18.17 and a beta of 0.31.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) last released its earnings results 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 company had revenue of $71.40 million for the quarter.

Farmers & Merchants Bank of Long Beach Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $28.00 dividend. This represents a $112.00 dividend on an annualized basis and a dividend yield of 1.6%. Farmers & Merchants Bank of Long Beach's payout ratio is currently 28.26%.

Farmers & Merchants Bank of Long Beach Company Profile

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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