Prime Meridian (OTCMKTS:PMHG) Releases Earnings Results

Prime Meridian (OTCMKTS:PMHG) posted its quarterly earnings results on Thursday. The company reported $0.65 earnings per share for the quarter, Zacks reports. Prime Meridian had a net margin of 16.83% and a return on equity of 9.76%.

Prime Meridian Stock Down 1.2 %

Shares of OTCMKTS PMHG traded down $0.35 during trading hours on Thursday, hitting $28.00. The stock had a trading volume of 2,100 shares, compared to its average volume of 1,165. The firm’s 50-day moving average price is $29.04 and its two-hundred day moving average price is $26.47. Prime Meridian has a 52 week low of $20.15 and a 52 week high of $30.99. The company has a market capitalization of $92.12 million, a P/E ratio of 11.38 and a beta of 0.52. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.96.

Prime Meridian Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 7th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Prime Meridian’s previous annual dividend of $0.25. This represents a dividend yield of 3.57%. Prime Meridian’s dividend payout ratio (DPR) is 10.16%.

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.