Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Reaches New 1-Year High – Here’s Why

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL)’s share price reached a new 52-week high on Monday . The stock traded as high as $8,401.20 and last traded at $8,400.00, with a volume of 90 shares changing hands. The stock had previously closed at $8,280.00.

Farmers & Merchants Bank of Long Beach Stock Down 0.2%

The business has a 50-day simple moving average of $8,034.06 and a 200-day simple moving average of $6,937.65. The company has a market cap of $991.20 million, a PE ratio of 19.28 and a beta of 0.29.

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

Farmers & Merchants Bank of Long Beach Dividend Announcement

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

Farmers & Merchants Bank of Long Beach Company Profile

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) is a community bank founded in 1907 and headquartered in Long Beach, California. As a wholly owned subsidiary of FMB Bancorp, the bank serves individuals, families and local businesses with a focus on personalized relationship banking. Its long history reflects a commitment to supporting the economic growth and development of the communities it serves.

The bank’s primary business activities include a broad range of commercial and retail banking services.