Prime Meridian Holding (OTCMKTS:PMHG) Short Interest Up 450.0% in March

Prime Meridian Holding (OTCMKTS:PMHG) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,100 shares, an increase of 450.0% from the February 28th total of 200 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 8,100 shares, the short-interest ratio is presently 0.1 days.

Prime Meridian Price Performance

Shares of Prime Meridian stock traded down $0.01 during trading on Thursday, hitting $28.98. 2,100 shares of the company were exchanged, compared to its average volume of 4,727. The firm has a 50 day moving average price of $28.38 and a 200 day moving average price of $27.64. The stock has a market capitalization of $96.39 million, a price-to-earnings ratio of 11.32 and a beta of 0.51. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. Prime Meridian has a fifty-two week low of $21.00 and a fifty-two week high of $30.99.

Prime Meridian (OTCMKTS:PMHG) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.65 EPS for the quarter. Prime Meridian had a net margin of 16.86% and a return on equity of 10.05%.

Prime Meridian Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 7th were issued a $1.00 dividend. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Prime Meridian’s previous annual dividend of $0.25. Prime Meridian’s dividend payout ratio (DPR) is 39.06%.

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.