Prime Meridian Holding (OTCMKTS:PMHG) Short Interest Up 450.0% in March

Prime Meridian Holding (OTCMKTS:PMHG) saw a large increase in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 8,100 shares, the days-to-cover ratio is presently 0.1 days.

Prime Meridian Stock Down 0.0 %

Shares of OTCMKTS PMHG traded down $0.01 on Wednesday, reaching $28.98. 2,100 shares of the company’s stock traded hands, compared to its average volume of 4,727. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The business’s 50 day simple moving average is $28.38 and its two-hundred day simple moving average is $27.64. Prime Meridian has a 12 month low of $21.00 and a 12 month high of $30.99. The company has a market cap of $96.39 million, a price-to-earnings ratio of 11.32 and a beta of 0.51.

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

Prime Meridian Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 7th were paid a $1.00 dividend. This represents a dividend yield of 3.57%. The ex-dividend date was Friday, February 7th. This is a boost from Prime Meridian’s previous annual dividend of $0.25. Prime Meridian’s dividend payout ratio is 39.06%.

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.