Farmers and Merchants Bancshares (OTCMKTS:FMFG) Shares Down 1.6% – Here’s What Happened

Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) shares dropped 1.6% during mid-day trading on Tuesday . The stock traded as low as $15.75 and last traded at $15.75. Approximately 100 shares traded hands during 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 business’s fifty day simple moving average is $17.16 and its 200-day simple moving average is $16.15.

Farmers and Merchants Bancshares Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 17th. Investors 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 a boost from Farmers and Merchants Bancshares’s previous dividend of $0.33. Farmers and Merchants Bancshares’s payout ratio is 41.16%.

About Farmers and Merchants Bancshares

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.