Farmers and Merchants Bancshares (OTCMKTS:FMFG) Trading Up 9.5%

Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFGGet Free Report)’s stock price shot up 9.5% during trading on Wednesday . The stock traded as high as $14.24 and last traded at $14.24. 706 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 1,902 shares. The stock had previously closed at $13.01.

Farmers and Merchants Bancshares Stock Up 9.5 %

The stock’s fifty day simple moving average is $15.34 and its 200 day simple moving average is $16.48.

Farmers and Merchants Bancshares Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, June 3rd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 3rd. Farmers and Merchants Bancshares’s payout ratio is 41.16%.

About Farmers and Merchants Bancshares

(Get Free Report)

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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