First Merchants (NASDAQ:FRMEP) Trading Up 0.2% – Here’s What Happened

First Merchants Co. (NASDAQ:FRMEP)’s share price traded up 0.2% during mid-day trading on Tuesday . The stock traded as high as $25.05 and last traded at $25.04. Approximately 691 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 1,766 shares. The stock had previously closed at $25.00.

First Merchants Stock Performance

The company has a 50 day simple moving average of $25.40 and a two-hundred day simple moving average of $25.54.

First Merchants Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 30th were given a dividend of $0.4688 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.88 dividend on an annualized basis and a yield of 7.4%.

About First Merchants

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.