Over the course of the past week, Exchange Bank (OTCMKTS:EXSR) has come into considerable focus among investors and delivered gains of as much as 5% so far. It was a fairly noticeable performance from the Exchange Bank stock and as it happens, the stock had also come into focus among investors this past Friday after the company announced its cash dividend.
Market Reaction
On Friday, EXSR stock gained 0.89%% to $165 with 440 shares, compared to its average volume of 301 shares. The stock moved within a range of $162.54 – 164.99 after opening trade at $162.54.
Exchange Bank Declares First Quarter Cash Dividend
Back on February 15 this year the company noted that its Board of Directors had declared a cash dividend to the tune of as much as $1.20 a share to all shareholders. All those who are going to be shareholders of record as on March 4, 2022 are going to eligible for the same.
The dividend is going to be paid out by Exchange Bank on March 15. It appears that the announcement of a handsome dividend pay out may have led to the excitement about the stock among investors. It is going to be quite interesting to see if the stock continues to be in focus among investors in the days leading up to March 4 or not. Currently, it may be a good move for investors to track the Exchange Bank stock.
Traders Review
EXSR stock is trading above the 20-Day and 50-Day Moving averages of $161.90 and $159.49 respectively. Moreover, the stock is trading above the 200-Day moving average of $156.27.
