Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) Hits New 52-Week High – Time to Buy?

Shares of Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) reached a new 52-week high on Wednesday . The stock traded as high as $9,804.9904 and last traded at $9,800.00, with a volume of 23 shares. The stock had previously closed at $9,794.9502.

Farmers & Merchants Bank of Long Beach Stock Performance

The stock has a market capitalization of $1.18 billion, a P/E ratio of 13.94 and a beta of 0.24. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $9,180.13 and a 200-day moving average price of $8,672.07.

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) last released its quarterly earnings data on Tuesday, July 14th. The company reported $256.32 EPS for the quarter. Farmers & Merchants Bank of Long Beach had a return on equity of 6.73% and a net margin of 19.76%.The company had revenue of $98.99 million during the quarter.

About Farmers & Merchants Bank of Long Beach

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL) is a community bank founded in 1907 and headquartered in Long Beach, California. As a wholly owned subsidiary of FMB Bancorp, the bank serves individuals, families and local businesses with a focus on personalized relationship banking. Its long history reflects a commitment to supporting the economic growth and development of the communities it serves.

The bank’s primary business activities include a broad range of commercial and retail banking services.