Prime Meridian (OTCMKTS:PMHG) Trading Down 6%

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

Prime Meridian Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $72.60 million, a price-to-earnings ratio of 7.90 and a beta of 0.52. The stock has a 50 day moving average price of $22.06 and a two-hundred day moving average price of $22.43.

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

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 given 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 a positive change 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.