Shares of First Merchants Co. (NASDAQ:FRMEP – Get Free Report) traded up 1.2% during trading on Wednesday . The stock traded as high as $25.24 and last traded at $25.36. 2,550 shares traded hands during trading, an increase of 45% from the average session volume of 1,763 shares. The stock had previously closed at $25.05.
First Merchants Stock Up 1.2%
The stock’s 50 day moving average price is $25.46 and its 200-day moving average price is $25.64.
First Merchants Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 30th will be paid a $0.4688 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.88 annualized dividend 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.
See Also
- Five stocks we like better than First Merchants
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for First Merchants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Merchants and related companies with MarketBeat.com's FREE daily email newsletter.
