Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Shares Gap Up After Dividend Announcement

Key Points

• Farmers & Merchants Bank of Long Beach shares jumped from $5,825.00 to $6,210.00 following a dividend announcement.
• Investors will receive a $28.00 dividend per share, translating to an annualized dividend of $112.00 and a yield of 1.8%.
• The bank reported $112.71 earnings per share for the latest quarter with a net margin of 11.10% and a market cap of $745.20 million.

Shares of Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) gapped up before the market opened on Monday following a dividend announcement from the company. The stock had previously closed at $5,825.00, but opened at $6,210.00. Farmers & Merchants Bank of Long Beach shares last traded at $6,210.00, with a volume of 23 shares. The newly announced 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 1.8%. Farmers & Merchants Bank of Long Beach's dividend payout ratio (DPR) is currently 28.26%.

Farmers & Merchants Bank of Long Beach Stock Up 6.6%

The firm has a market capitalization of $745.20 million, a P/E ratio of 15.67 and a beta of 0.26. The stock has a fifty day moving average of $5,707.89 and a 200 day moving average of $5,678.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77.

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

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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