Prime Meridian (OTCMKTS:PMHG) Shares Down 4.2%

Shares of Prime Meridian Holding (OTCMKTS:PMHG) were down 4.2% on Monday . The stock traded as low as $20.70 and last traded at $20.70. Approximately 782 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 1,505 shares. The stock had previously closed at $21.61.

Prime Meridian Stock Performance

The stock has a market cap of $71.10 million, a price-to-earnings ratio of 7.70 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $22.47 and a 200-day simple moving average of $22.46.

Prime Meridian (OTCMKTS:PMHG) last issued its quarterly earnings results on Thursday, March 21st. The company reported $0.55 earnings per share (EPS) for the quarter. Prime Meridian had a return on equity of 11.55% and a net margin of 20.82%. The business had revenue of $7.75 million for the quarter.

Prime Meridian Increases Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. This is a boost from Prime Meridian’s previous annual dividend of $0.14. The ex-dividend date was Thursday, February 8th. This represents a dividend yield of 1.03%. Prime Meridian’s payout ratio is presently 9.29%.

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.