First Farmers and Merchants (OTCMKTS:FFMH) Share Price Passes Above 50 Day Moving Average – Here’s Why

First Farmers and Merchants Co. (OTCMKTS:FFMH) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $35.35 and traded as high as $37.00. First Farmers and Merchants shares last traded at $37.00, with a volume of 106 shares trading hands.

First Farmers and Merchants Stock Performance

The stock’s 50 day simple moving average is $35.35 and its two-hundred day simple moving average is $34.62.

First Farmers and Merchants Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Thursday, January 2nd.

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.