Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Sets New 52-Week High – Still a Buy?

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBLGet Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $8,150.00 and last traded at $8,150.00, with a volume of 7 shares. The stock had previously closed at $8,100.00.

Farmers & Merchants Bank of Long Beach Stock Performance

The stock has a market capitalization of $978.00 million, a PE ratio of 18.90 and a beta of 0.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77. The business’s fifty day moving average price is $7,698.62 and its 200-day moving average price is $6,609.38.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBLGet Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $147.32 EPS for the quarter. Farmers & Merchants Bank of Long Beach had a net margin of 12.08% and a return on equity of 3.84%. The company had revenue of $73.67 million during the quarter.

Farmers & Merchants Bank of Long Beach Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $43.00 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 215.0%. Farmers & Merchants Bank of Long Beach’s dividend payout ratio is presently 26.14%.

Farmers & Merchants Bank of Long Beach Company Profile

(Get Free Report)

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.

Further Reading

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