First Merchants Co. (NASDAQ:FRMEP – Get Free Report) was up 0.3% during trading on Thursday . The company traded as high as $25.17 and last traded at $25.32. 600 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,429 shares. The stock had previously closed at $25.25.
First Merchants Price Performance
The company’s fifty day moving average is $25.50 and its two-hundred day moving average is $25.65.
First Merchants Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a $0.4688 dividend. This represents a $1.88 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Thursday, April 30th.
First Merchants Company Profile
First Merchants Corporation (NASDAQ: FRMEP) is a bank holding company headquartered in Muncie, Indiana, offering a full suite of financial services through its subsidiary, First Merchants Bank. The company provides consumer and commercial banking products, including checking and savings accounts, business and real estate loans, treasury management, and digital banking solutions. First Merchants also offers mortgage origination, wealth management, trust services, and insurance brokerage through dedicated teams.
Incorporated in 1983, First Merchants traces its roots to Merchant’s National Bank of Muncie, which was founded in 1893.
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