Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Issues Quarterly Earnings Results

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) released its earnings results on Tuesday. The company reported $102.71 EPS for the quarter, reports. Farmers & Merchants Bank of Long Beach had a net margin of 13.71% and a return on equity of 4.61%. The business had revenue of $65.69 million during the quarter.

Farmers & Merchants Bank of Long Beach Stock Down 4.0 %

FMBL stock opened at $4,225.00 on Thursday. Farmers & Merchants Bank of Long Beach has a 52-week low of $4,225.00 and a 52-week high of $5,991.00. The company’s 50 day simple moving average is $4,730.64 and its 200-day simple moving average is $4,826.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $507 million, a P/E ratio of 9.06 and a beta of 0.41.

Farmers & Merchants Bank of Long Beach Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $28.00 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $112.00 dividend on an annualized basis and a dividend yield of 2.65%. Farmers & Merchants Bank of Long Beach’s dividend payout ratio is currently 23.07%.

Farmers & Merchants Bank of Long Beach Company Profile

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.