First Farmers and Merchants (OTCMKTS:FFMH) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of First Farmers and Merchants Co. (OTCMKTS:FFMH) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $34.78 and traded as high as $34.80. First Farmers and Merchants shares last traded at $34.80, with a volume of 2,073 shares changing hands.

First Farmers and Merchants Stock Performance

The business has a 50-day moving average price of $34.77 and a two-hundred day moving average price of $32.14.

First Farmers and Merchants Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were issued a $0.27 dividend. This is a boost from First Farmers and Merchants’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.08 annualized dividend and a yield of 3.10%.

First Farmers and Merchants Company Profile

First Farmers and Merchants Corporation operates as the bank holding company for First Farmers and Merchants Bank that provides various banking and financial services in Middle Tennessee and Northern Alabama. The company's deposit products include personal and business checking and savings, and individual retirement and investment accounts, as well as certificates of deposit.