Prime Meridian Holding (OTCMKTS:PMHG) Short Interest Update

Prime Meridian Holding (OTCMKTS:PMHG) saw 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. Based on an average daily trading volume, of 8,100 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Prime Meridian Stock Down 0.8 %

OTCMKTS:PMHG traded down $0.22 during mid-day trading on Friday, hitting $28.76. 2,250 shares of the company’s stock traded hands, compared to its average volume of 4,662. The company has a fifty day moving average of $28.40 and a 200 day moving average of $27.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.96. The company has a market capitalization of $95.66 million, a P/E ratio of 11.23 and a beta of 0.51. Prime Meridian has a twelve month low of $21.00 and a twelve month high of $30.99.

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

Prime Meridian Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 7th were issued a dividend of $1.00 per share. 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. This represents a yield of 3.57%. Prime Meridian’s dividend payout ratio 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.