Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Trading Down 2% – Here’s What Happened

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL)’s share price fell 2% during mid-day trading on Monday . The company traded as low as $6,801.00 and last traded at $6,850.00. 149 shares were traded during mid-day trading, an increase of 79% from the average session volume of 83 shares. The stock had previously closed at $6,989.00.

Farmers & Merchants Bank of Long Beach Stock Performance

The stock has a market cap of $822 million, a P/E ratio of 17.28 and a beta of 0.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50-day simple moving average of $6,034.73 and a 200-day simple moving average of $5,784.64.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $112.71 earnings per share for the quarter. The company had revenue of $71.40 million for the quarter. Farmers & Merchants Bank of Long Beach had a return on equity of 3.57% and a net margin of 11.10%.

Farmers & Merchants Bank of Long Beach Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $28.00 per share. This represents a $112.00 annualized dividend and a dividend yield of 1.6%. Farmers & Merchants Bank of Long Beach’s dividend payout ratio (DPR) is currently 28.26%.

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.