Prime Meridian Holding (OTCMKTS:PMHG - Get Free Report) shares dropped 6% during mid-day trading on Wednesday . The company traded as low as $21.00 and last traded at $21.25. Approximately 8,600 shares changed hands during mid-day trading, an increase of 430% from the average daily volume of 1,624 shares. The stock had previously closed at $22.60.
Prime Meridian Price Performance
The company has a debt-to-equity ratio of 0.19, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $70.13 million, a PE ratio of 7.90 and a beta of 0.52. The stock's fifty day moving average is $22.09 and its 200-day moving average is $22.44.
Prime Meridian (OTCMKTS:PMHG - Get Free Report) last announced its earnings results on Thursday, March 21st. The company reported $0.55 earnings per share for the quarter. The company had revenue of $7.75 million during the quarter. Prime Meridian had a net margin of 20.82% and a return on equity of 11.55%.
Prime Meridian Increases Dividend
The business also recently announced an annual dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 9th were paid a dividend of $0.25 per share. This represents a yield of 1.03%. The ex-dividend date was Thursday, February 8th. This is a positive change from Prime Meridian's previous annual dividend of $0.14. Prime Meridian's dividend payout ratio (DPR) is 9.29%.
About Prime Meridian
(
Get Free Report)
Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consumer and commercial banking services to individuals and businesses. The company accepts various deposits, such as checking, money market, savings, term certificate of deposit, demand interest-bearing and noninterest-bearing, health savings, NOW, and escrow accounts, as well as retirement savings plans and time deposits.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Prime Meridian, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prime Meridian wasn't on the list.
While Prime Meridian currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
