Friendly Hills Bancorp (OTCMKTS:FHLB) Trading Up 1.6% – Should You Buy?

Friendly Hills Bancorp (OTCMKTS:FHLB) shares were up 1.6% during trading on Monday . The company traded as high as $5.40 and last traded at $5.40. Approximately 300 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 2,126 shares. The stock had previously closed at $5.3144.

Friendly Hills Bancorp Stock Performance

The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.89 and a current ratio of 0.86. The business has a 50-day moving average price of $5.20 and a 200 day moving average price of $5.19. The stock has a market capitalization of $22.52 million, a P/E ratio of -24.55 and a beta of 0.68.

About Friendly Hills Bancorp

Friendly Hills Bancorp is a bank holding company headquartered in Duarte, California, that operates under the federal ticker OTCMKTS:FHLB. Its primary purpose is to serve as the parent of Friendly Hills Bank, a state-chartered bank offering a full suite of commercial and consumer banking services.

Through its subsidiary, the company provides deposit products such as checking, savings and money market accounts, along with certificates of deposit. On the lending side, Friendly Hills Bank extends commercial real estate financing, residential mortgage loans, small business (including SBA) lending and consumer loans.