Prime Meridian (OTCMKTS:PMHG) Trading Down 6%

Prime Meridian Holding (OTCMKTS:PMHG) shares were down 6% on Wednesday . The stock traded as low as $21.00 and last traded at $21.25. Approximately 8,600 shares were traded during trading, an increase of 430% from the average daily volume of 1,624 shares. The stock had previously closed at $22.60.

Prime Meridian Stock Performance

The company has a market capitalization of $72.60 million, a P/E ratio of 7.90 and a beta of 0.52. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day simple moving average is $22.06 and its 200-day simple moving average is $22.43.

Prime Meridian (OTCMKTS:PMHG) last issued its earnings results on Thursday, March 21st. The company reported $0.55 earnings per share (EPS) for the quarter. Prime Meridian had a return on equity of 11.55% and a net margin of 20.82%. The firm had revenue of $7.75 million for the quarter.

Prime Meridian Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 9th were issued a dividend of $0.25 per share. This represents a dividend yield of 1.03%. This is a boost from Prime Meridian’s previous annual dividend of $0.14. The ex-dividend date was Thursday, February 8th. Prime Meridian’s dividend payout ratio is 9.29%.

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 noninterest-bearing, health savings, NOW, and escrow accounts, as well as retirement savings plans and time deposits.