Prime Meridian (OTCMKTS:PMHG) Releases Quarterly Earnings Results

Prime Meridian (OTCMKTS:PMHG) released its quarterly earnings data on Thursday. The company reported $0.65 earnings per share (EPS) 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 %

PMHG traded down $0.35 during trading on Thursday, hitting $28.00. The company had a trading volume of 2,100 shares, compared to its average volume of 1,165. Prime Meridian has a 1-year low of $20.15 and a 1-year high of $30.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market cap of $92.12 million, a PE ratio of 11.38 and a beta of 0.52. The business has a 50-day moving average of $29.04 and a 200-day moving average of $26.47.

Prime Meridian Increases Dividend

The firm also recently announced 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. This is a boost from Prime Meridian’s previous annual dividend of $0.25. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, February 7th. Prime Meridian’s dividend payout ratio 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.