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

Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) shares shot up 9.5% during trading on Wednesday . The stock traded as high as $14.24 and last traded at $14.24. 706 shares were traded during 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 Price Performance

The business has a 50-day simple moving average of $15.38 and a 200 day simple moving average of $16.50.

Farmers and Merchants Bancshares Announces Dividend

The company also recently announced a dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, June 3rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 3rd. Farmers and Merchants Bancshares’s dividend 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.