Prime Meridian (OTCMKTS:PMHG) Posts Earnings Results

Prime Meridian (OTCMKTS:PMHG) posted its quarterly earnings results on Thursday. The company reported $0.65 EPS for the quarter, Zacks reports. Prime Meridian had a net margin of 16.83% and a return on equity of 9.76%.

Prime Meridian Stock Down 1.2 %

Shares of PMHG traded down $0.35 during mid-day trading on Thursday, reaching $28.00. The company’s stock had a trading volume of 2,100 shares, compared to its average volume of 1,165. The company’s 50 day moving average is $29.04 and its 200 day moving average is $26.47. The stock has a market cap of $92.12 million, a PE ratio of 11.38 and a beta of 0.52. Prime Meridian has a 12-month low of $20.15 and a 12-month high of $30.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.95.

Prime Meridian Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 7th will be issued a dividend of $1.00 per share. This represents a yield of 3.57%. This is an increase from Prime Meridian’s previous annual dividend of $0.25. The ex-dividend date is Friday, February 7th. Prime Meridian’s payout ratio is 10.16%.

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.