First Merchants Co. (NASDAQ:FRMEP) Short Interest Update

First Merchants Co. (NASDAQ:FRMEP) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 1,251 shares, a growth of 23.5% from the November 30th total of 1,013 shares. Based on an average daily volume of 394 shares, the short-interest ratio is currently 3.2 days. Based on an average daily volume of 394 shares, the short-interest ratio is currently 3.2 days.

First Merchants Trading Down 0.8%

FRMEP stock opened at $25.63 on Friday. First Merchants has a 52 week low of $24.15 and a 52 week high of $26.27. The company has a fifty day simple moving average of $25.80 and a two-hundred day simple moving average of $25.61.

First Merchants (NASDAQ:FRMEP) last announced its earnings results on Tuesday, April 26th. The company reported $0.78 earnings per share (EPS) for the quarter. The business had revenue of $127.43 million for the quarter.

First Merchants Dividend Announcement

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

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.