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

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) posted its earnings results on Tuesday. The company reported $112.71 EPS for the quarter, Zacks reports. Farmers & Merchants Bank of Long Beach had a net margin of 11.10% and a return on equity of 3.57%. The firm had revenue of $71.40 million for the quarter.

Farmers & Merchants Bank of Long Beach Price Performance

Shares of OTCMKTS FMBL opened at $5,800.00 on Thursday. The firm’s 50-day moving average price is $5,637.93 and its 200-day moving average price is $5,650.67. Farmers & Merchants Bank of Long Beach has a 1-year low of $5,008.00 and a 1-year high of $5,838.50. The firm has a market capitalization of $696 million, a P/E ratio of 14.63 and a beta of 0.27. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.29.

Farmers & Merchants Bank of Long Beach Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $28.00 per share. This represents a $112.00 dividend on an annualized basis and a dividend yield of 1.93%. Farmers & Merchants Bank of Long Beach’s dividend payout ratio (DPR) is presently 28.61%.

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.