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

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $5,800.00 and last traded at $5,797.97, with a volume of 39 shares traded. The stock had previously closed at $5,780.00.

Farmers & Merchants Bank of Long Beach Stock Performance

The company’s 50-day moving average is $5,655.14 and its two-hundred day moving average is $5,550.08. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.66. The company has a market cap of $703.94 million, a P/E ratio of 16.12 and a beta of 0.43.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $32.18 earnings per share (EPS) for the quarter. Farmers & Merchants Bank of Long Beach had a net margin of 9.77% and a return on equity of 3.29%.

Farmers & Merchants Bank of Long Beach Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $28.00 dividend. This represents a $112.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, March 14th. Farmers & Merchants Bank of Long Beach’s dividend payout ratio (DPR) is currently 31.29%.

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.