Prime Meridian (OTCMKTS:PMHG) Stock Price Down 0.4% – Should You Sell?

Prime Meridian Holding Company (OTCMKTS:PMHG)’s share price dropped 0.4% on Wednesday . The company traded as low as $56.75 and last traded at $56.75. Approximately 934 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 1,911 shares. The stock had previously closed at $57.00.

Prime Meridian Stock Performance

The firm has a market capitalization of $191.82 million, a price-to-earnings ratio of 22.88 and a beta of 0.07. The business’s 50 day moving average is $54.22 and its 200-day moving average is $51.40.

Prime Meridian (OTCMKTS:PMHG) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.78 earnings per share (EPS) for the quarter. The company had revenue of $8.97 million during the quarter. Prime Meridian had a net margin of 15.49% and a return on equity of 9.27%.

About Prime Meridian

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. Its loan products include commercial real estate, residential real estate and home equity, small business administration, construction, equipment, and commercial loans; and consumer and other loans comprising financing of automobiles, boats, and recreational vehicles, as well as issues standby letters and business lines of credit.