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First Merchants Corp. (NASDAQ:FRME) posted its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.01, Analyst Ratings.Net reports.

First Merchants Corp. (NASDAQ:FRME) traded up 0.19% during mid-day trading on Tuesday, hitting $20.94. The stock had a trading volume of 17,397 shares. First Merchants Corp. has a 52-week low of $14.08 and a 52-week high of $23.35. The stock’s 50-day moving average is $21.55 and its 200-day moving average is $19.31. The company has a market cap of $603.6 million and a price-to-earnings ratio of 15.04.

On the ratings front, analysts at DA Davidson downgraded shares of First Merchants Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 6th.

First Merchants Corporation is a financial holding company. The Company has one full-service bank charter, First Merchants Bank, National Association (NASDAQ:FRME).

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