Farmers and Merchants Bancshares (OTCMKTS:FMFG) Shares Down 15.9% – Time to Sell?

Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) shares dropped 15.9% during mid-day trading on Tuesday . The stock traded as low as $17.25 and last traded at $17.25. Approximately 100 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,612 shares. The stock had previously closed at $20.51.

Farmers and Merchants Bancshares Stock Performance

The stock has a 50-day moving average price of $16.47 and a 200 day moving average price of $15.84.

Farmers and Merchants Bancshares Increases Dividend

The firm also recently disclosed 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 was Tuesday, December 3rd. This is an increase from Farmers and Merchants Bancshares’s previous dividend of $0.33. Farmers and Merchants Bancshares’s dividend payout ratio is presently 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.