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

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8,000.00 and last traded at $8,000.00, with a volume of 29 shares traded. The stock had previously closed at $7,990.00.

Farmers & Merchants Bank of Long Beach Stock Performance

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 company has a 50 day simple moving average of $7,620.92 and a 200-day simple moving average of $6,535.57. The stock has a market capitalization of $970.80 million, a P/E ratio of 18.88 and a beta of 0.30.

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

Farmers & Merchants Bank of Long Beach Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 15th. Investors 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 yield of 215.0%. Farmers & Merchants Bank of Long Beach’s dividend payout ratio (DPR) is 26.14%.

About Farmers & Merchants Bank of Long Beach

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.