Farmers and Merchants Bancshares (OTCMKTS:FMFG) Shares Down 3.3% – Here’s Why

Shares of Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) traded down 3.3% during mid-day trading on Friday . The company traded as low as $14.75 and last traded at $14.75. 100 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,580 shares. The stock had previously closed at $15.25.

Farmers and Merchants Bancshares Stock Performance

The business has a fifty day moving average of $15.03 and a 200 day moving average of $15.29.

Farmers and Merchants Bancshares Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.34 per share. This is a boost from Farmers and Merchants Bancshares’s previous dividend of $0.33. The ex-dividend date of this dividend is Tuesday, December 3rd. Farmers and Merchants Bancshares’s payout ratio is presently 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.