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

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) issued its quarterly earnings data on Tuesday. The company reported $147.32 earnings per share 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%.

Farmers & Merchants Bank of Long Beach Price Performance

OTCMKTS:FMBL opened at $7,700.00 on Wednesday. The business’s 50-day moving average price is $6,755.63 and its 200 day moving average price is $6,039.86. The firm has a market cap of $924 million, a P/E ratio of 19.43 and a beta of 0.31. Farmers & Merchants Bank of Long Beach has a 52-week low of $5,275.00 and a 52-week high of $7,888.00. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29.

Farmers & Merchants Bank of Long Beach Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $28.00 per share. This represents a $112.00 dividend on an annualized basis and a yield of 1.5%. Farmers & Merchants Bank of Long Beach’s payout ratio is currently 28.26%.

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.