Prime Meridian (OTCMKTS:PMHG) Releases Earnings Results

Key Points

• Prime Meridian (OTCMKTS:PMHG) reported earnings of $0.41 earnings per share (EPS) for the quarter with a net margin of 16.75% and a return on equity of 9.93%.
• The company's stock opened at $49.95, with a market cap of $168.48 million and a price-to-earnings ratio of 19.14.
• Prime Meridian operates as a bank holding company, providing various consumer and commercial banking services to individuals and businesses.

Prime Meridian (OTCMKTS:PMHG - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.41 EPS for the quarter, Zacks reports. Prime Meridian had a return on equity of 9.35% and a net margin of 15.55%. The business had revenue of $8.90 million during the quarter.

Prime Meridian Price Performance

Prime Meridian stock remained flat at $50.00 during mid-day trading on Wednesday. The company's stock had a trading volume of 408 shares, compared to its average volume of 4,257. The company has a 50 day moving average price of $49.03 and a 200 day moving average price of $38.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.96. The firm has a market cap of $168.50 million, a P/E ratio of 20.16 and a beta of 0.16. Prime Meridian has a 52-week low of $22.76 and a 52-week high of $54.00.

About Prime Meridian

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.