Prime Meridian (OTCMKTS:PMHG – Get Rating) is one of 317 publicly-traded companies in the “State commercial banks” industry, but how does it weigh in compared to its peers? We will compare Prime Meridian to related businesses based on the strength of its dividends, earnings, valuation, analyst recommendations, profitability, institutional ownership and risk.
Insider and Institutional Ownership
13.8% of Prime Meridian shares are held by institutional investors. Comparatively, 50.6% of shares of all “State commercial banks” companies are held by institutional investors. 25.9% of Prime Meridian shares are held by insiders. Comparatively, 11.1% of shares of all “State commercial banks” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Risk and Volatility
Prime Meridian has a beta of 0.69, indicating that its share price is 31% less volatile than the S&P 500. Comparatively, Prime Meridian’s peers have a beta of 0.53, indicating that their average share price is 47% less volatile than the S&P 500.
Valuation and Earnings
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Prime Meridian||$26.91 million||$8.35 million||9.87|
|Prime Meridian Competitors||$1.60 billion||$325.01 million||9.49|
Prime Meridian’s peers have higher revenue and earnings than Prime Meridian. Prime Meridian is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Prime Meridian pays an annual dividend of $0.22 per share and has a dividend yield of 0.8%. Prime Meridian pays out 7.9% of its earnings in the form of a dividend. As a group, “State commercial banks” companies pay a dividend yield of 2.9% and pay out 26.6% of their earnings in the form of a dividend.
This table compares Prime Meridian and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Prime Meridian Competitors||26.41%||12.95%||1.24%|
This is a summary of current recommendations and price targets for Prime Meridian and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Prime Meridian Competitors||796||7287||6493||299||2.42|
As a group, “State commercial banks” companies have a potential upside of 36.82%. Given Prime Meridian’s peers higher possible upside, analysts plainly believe Prime Meridian has less favorable growth aspects than its peers.
Prime Meridian Company Profile
Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consumer and commercial banking services to individuals and businesses. The company accepts various deposits, such as checking, money market, savings, term certificate of deposit, demand interest bearing and non-interest bearing, health savings, NOW, and escrow accounts, as well as retirement savings plans and time deposits. Its loan products include commercial real estate, residential real estate and home equity, small business administration, construction, equipment, and commercial loans; and consumer and other loans comprising financing of automobiles, boats, and recreational vehicles, as well as issues standby letters and business lines of credit. The company also offers debit and credit cards; mobile banking, remote and mobile deposit, Apple Pay, bank-to-bank transfer, and online banking services; and safe deposit, wire transfer, foreign exchange, direct deposits, notary, night depository, official checks, domestic collections, bank drafts, automated teller services, drive-in tellers, merchant card, and banking by mail services, as well as invests in securities. It operates through four banking offices in Tallahassee, Crawfordville, and Lakeland, Florida. The company was founded in 2008 and is headquartered in Tallahassee, Florida.
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