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.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) gapped up before the market opened on Monday after the company announced a dividend. 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 changing hands.

The newly announced dividend which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $28.00 per share. This represents a $112.00 annualized dividend and a dividend yield of 1.7%. Farmers & Merchants Bank of Long Beach's dividend payout ratio is currently 28.26%.

Farmers & Merchants Bank of Long Beach Price Performance

The business has a 50 day moving average price of $5,795.84 and a two-hundred day moving average price of $5,705.27. The stock has a market cap of $770.64 million, a PE ratio of 16.20 and a beta of 0.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.77 and a current ratio of 0.77.

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

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.