Shares of Croghan Bancshares, Inc. (OTCMKTS:CHBH – Get Free Report) shot up 4.5% during mid-day trading on Wednesday . The company traded as high as $49.25 and last traded at $49.12. 659 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 1,837 shares. The stock had previously closed at $47.00.
Croghan Bancshares Stock Performance
The stock has a 50-day simple moving average of $46.41 and a 200 day simple moving average of $47.53.
Croghan Bancshares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a dividend of $0.58 per share. This is an increase from Croghan Bancshares’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, April 11th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.73%. Croghan Bancshares’s payout ratio is 37.35%.
About Croghan Bancshares
Croghan Bancshares, Inc operates as the holding company for the Croghan Colonial Bank, a state-chartered bank that provides a range of commercial and retail banking services to individuals and business clients in Ohio. It offers personal and business checking accounts, savings accounts, and time deposit accounts, as well as safe deposit box and trust department services.
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