Shares of Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG – Get Free Report) dropped 1.6% on Tuesday . The company traded as low as $15.75 and last traded at $15.75. Approximately 100 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 633 shares. The stock had previously closed at $16.00.
Farmers and Merchants Bancshares Price Performance
The firm’s 50-day moving average is $17.16 and its two-hundred day moving average is $16.15.
Farmers and Merchants Bancshares Increases Dividend
The firm also recently announced a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Farmers and Merchants Bancshares’s previous dividend of $0.33. Farmers and Merchants Bancshares’s payout ratio is 41.16%.
Farmers and Merchants Bancshares Company Profile
Farmers and Merchants Bancshares, Inc operates as the bank holding company for Farmers and Merchants Bank that provides commercial and retail banking services to individuals and businesses in Baltimore and Carroll counties in Maryland and surrounding areas of northern Maryland. It offers checking, savings, money market, individual retirement, and sweep accounts, as well as certificates of deposit, remote check deposits, and repurchase agreements.
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