Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Hits New 52-Week High – Should You Buy?

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) hit a new 52-week high during trading on Monday . The stock traded as high as $5,428.76 and last traded at $5,374.95, with a volume of 68 shares. The stock had previously closed at $5,370.00.

Farmers & Merchants Bank of Long Beach Price Performance

The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $5,148.55 and a 200 day moving average price of $4,886.03. The company has a market capitalization of $656.88 million, a P/E ratio of 11.12 and a beta of 0.42.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) last released its quarterly earnings results on Thursday, July 18th. The company reported $107.86 earnings per share for the quarter. The business had revenue of $67.66 million during the quarter. Farmers & Merchants Bank of Long Beach had a return on equity of 4.21% and a net margin of 12.34%.

Farmers & Merchants Bank of Long Beach Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $28.00 per share. This represents a $112.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, September 13th. Farmers & Merchants Bank of Long Beach’s dividend payout ratio (DPR) is currently 23.07%.

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.