Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Trading 1.8% Higher - Still a Buy?

Key Points

• Farmers & Merchants Bank of Long Beach shares rose by 1.8% to trade at $7,200.00, with a total of 46 shares exchanged, representing a 15% increase in trading volume compared to average sessions.
• The bank reported $112.71 earnings per share and $71.40 million in revenue for the last quarter, with a return on equity of 3.57% and a net margin of 11.10%.
• Recently, the bank declared a quarterly dividend of $28.00 per share, translating to an annualized dividend of $112.00 and a yield of 1.6%.

Shares of Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL - Get Free Report) traded up 1.8% on Tuesday . The stock traded as high as $7,200.00 and last traded at $7,200.00. 46 shares were traded during trading, an increase of 15% from the average session volume of 40 shares. The stock had previously closed at $7,075.00.

Farmers & Merchants Bank of Long Beach Price Performance

The company has a market capitalization of $864 million, a PE ratio of 18.17 and a beta of 0.31. The firm has a fifty day moving average of $6,602.21 and a two-hundred day moving average of $5,984.30. The company has a current ratio of 0.77, a quick 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 issued its earnings results on Tuesday, July 22nd. The company reported $112.71 earnings per share 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%.

Farmers & Merchants Bank of Long Beach Dividend Announcement

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