Short Interest in Prime Meridian Holding (OTCMKTS:PMHG) Rises By 450.0%

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

Prime Meridian Trading Down 0.0 %

Shares of OTCMKTS PMHG traded down $0.01 during midday trading on Wednesday, reaching $28.98. The company had a trading volume of 2,100 shares, compared to its average volume of 4,727. The stock has a market cap of $96.39 million, a PE ratio of 11.32 and a beta of 0.51. Prime Meridian has a one year low of $21.00 and a one year high of $30.99. The firm’s fifty day moving average price is $28.38 and its 200-day moving average price is $27.64. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.11.

Prime Meridian (OTCMKTS:PMHG) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.65 earnings per share 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 announced an annual dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 7th were issued a dividend of $1.00 per share. This is a positive change from Prime Meridian’s previous annual dividend of $0.25. This represents a dividend yield of 3.57%. The ex-dividend date was Friday, February 7th. Prime Meridian’s dividend payout ratio is currently 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.