Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Hits New 52-Week High – Here’s What Happened

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $8,200.00 and last traded at $8,200.00, with a volume of 17 shares traded. The stock had previously closed at $8,150.00.

Farmers & Merchants Bank of Long Beach Stock Performance

The stock has a market cap of $984.00 million, a price-to-earnings ratio of 19.14 and a beta of 0.30. The business’s fifty day simple moving average is $7,741.52 and its 200 day simple moving average is $6,652.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77.

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

Farmers & Merchants Bank of Long Beach Announces Dividend

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

Farmers & Merchants Bank of Long Beach Company Profile

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.