Prime Meridian (OTCMKTS:PMHG) Shares Up 4% – Here’s Why

Shares of Prime Meridian Holding (OTCMKTS:PMHG) were up 4% during trading on Wednesday . The stock traded as high as $27.20 and last traded at $27.20. Approximately 3,412 shares were traded during trading, an increase of 64% from the average daily volume of 2,078 shares. The stock had previously closed at $26.15.

Prime Meridian Price Performance

The stock has a market cap of $89.49 million, a price-to-earnings ratio of 11.06 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $24.93 and a two-hundred day moving average price of $23.70.

Prime Meridian (OTCMKTS:PMHG) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.54 earnings per share for the quarter. Prime Meridian had a return on equity of 9.97% and a net margin of 16.83%. The company had revenue of $7.92 million for the quarter.

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.