Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Sets New 12-Month High – Still a Buy?

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $5,543.00 and last traded at $5,540.00, with a volume of 47 shares changing hands. The stock had previously closed at $5,500.00.

Farmers & Merchants Bank of Long Beach Stock Up 0.7 %

The business has a 50-day simple moving average of $5,262.11 and a two-hundred day simple moving average of $4,969.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $664.80 million, a price-to-earnings ratio of 12.86 and a beta of 0.41.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) last released its earnings results on Thursday, October 17th. The company reported $115.17 earnings per share (EPS) for the quarter. Farmers & Merchants Bank of Long Beach had a return on equity of 3.97% and a net margin of 11.52%. The company had revenue of $64.89 million for the quarter.

Farmers & Merchants Bank of Long Beach Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $28.00 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $112.00 annualized dividend and a yield of 2.02%. Farmers & Merchants Bank of Long Beach’s dividend payout ratio is presently 26.21%.

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.