First Merchants (NASDAQ:FRMEP) Trading Up 0.1% – Time to Buy?

First Merchants Co. (NASDAQ:FRMEP)’s share price traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $25.88 and last traded at $25.6490. 900 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 1,469 shares. The stock had previously closed at $25.62.

First Merchants Stock Up 0.1%

The firm’s 50 day moving average is $25.88 and its 200 day moving average is $25.56.

First Merchants (NASDAQ:FRMEP) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.78 EPS for the quarter. The firm had revenue of $127.43 million for the quarter.

First Merchants Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a dividend of $0.4688 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.3%.

About First Merchants

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.