Prime Meridian Holding (OTCMKTS:PMHG) Short Interest Update

Prime Meridian Holding (OTCMKTS:PMHG) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 200 shares, a growth of 100.0% from the February 13th total of 100 shares. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Prime Meridian Price Performance

Shares of OTCMKTS PMHG opened at $29.00 on Friday. The firm has a market capitalization of $96.40 million, a P/E ratio of 11.33 and a beta of 0.51. 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 stock’s 50-day simple moving average is $28.16 and its two-hundred day simple moving average is $27.30. Prime Meridian has a twelve month low of $20.15 and a twelve month high of $30.99.

Prime Meridian (OTCMKTS:PMHG) last posted its quarterly earnings data 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 company also recently disclosed an annual dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 7th were issued a $1.00 dividend. This is a boost from Prime Meridian’s previous annual dividend of $0.25. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, February 7th. Prime Meridian’s dividend payout ratio is presently 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.