Prime Meridian (OTCMKTS:PMHG) Stock Price Down 6%

Prime Meridian Holding (OTCMKTS:PMHG)’s share price traded down 6% during trading on Wednesday . The stock traded as low as $21.00 and last traded at $21.25. Approximately 8,600 shares traded hands during mid-day trading, an increase of 430% from the average session volume of 1,624 shares. The stock had previously closed at $22.60.

Prime Meridian Stock Performance

The company has a market capitalization of $70.13 million, a PE ratio of 7.90 and a beta of 0.52. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day simple moving average is $22.09 and its 200-day simple moving average is $22.44.

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

Prime Meridian Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a dividend yield of 1.03%. This is an increase from Prime Meridian’s previous annual dividend of $0.14. Prime Meridian’s dividend payout ratio is currently 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.