Fleetwood Bank (OTCMKTS:FLEW) Shares Down 7.1% – Should You Sell?

Fleetwood Bank Co. (OTCMKTS:FLEW)’s share price dropped 7.1% during trading on Friday . The company traded as low as $52.00 and last traded at $52.00. Approximately 70 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 109 shares. The stock had previously closed at $55.95.

Fleetwood Bank Stock Performance

The business has a 50-day simple moving average of $55.88 and a two-hundred day simple moving average of $59.77.

Fleetwood Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Saturday, December 28th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.00 dividend on an annualized basis and a yield of 3.85%.

About Fleetwood Bank

Fleetwood Bank Corporation operates as the bank holding company for Fleetwood Bank that provides various banking products and services. The company accepts checking accounts, savings and money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts. Its loan products include consumer loans, including home equity loans, personal loans, and automobile loans; residential mortgage loans; and commercial loans, such as commercial and agricultural loans, commercial mortgages, commercial construction loans, residential tract development loans, commercial term loans, working capital lines of credit, and guaranteed loans.