Short Interest in Prime Meridian Holding (OTCMKTS:PMHG) Drops By 90.9%

Prime Meridian Holding (OTCMKTS:PMHG) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 100 shares, a decline of 90.9% from the March 15th total of 1,100 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 0.0 days.

Prime Meridian Stock Performance

OTCMKTS:PMHG traded up $0.00 during mid-day trading on Monday, hitting $29.00. The company’s stock had a trading volume of 1,395 shares, compared to its average volume of 4,629. The business’s fifty day moving average is $28.64 and its two-hundred day moving average is $28.05. The stock has a market cap of $96.60 million, a price-to-earnings ratio of 11.33 and a beta of 0.28. Prime Meridian has a 1 year low of $21.00 and a 1 year high of $30.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.95.

Prime Meridian (OTCMKTS:PMHG) last announced its earnings results on Thursday, January 30th. The company reported $0.65 earnings per share (EPS) 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 company 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. The ex-dividend date was Friday, February 7th. This is a boost from Prime Meridian’s previous annual dividend of $0.25. This represents a dividend yield of 3.57%. Prime Meridian’s 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.