First Merchants (NASDAQ:FRMEP) Shares Up 0.3% – Still a Buy?

First Merchants Co. (NASDAQ:FRMEP) shares were up 0.3% on Thursday . The stock traded as high as $25.17 and last traded at $25.32. Approximately 600 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 1,429 shares. The stock had previously closed at $25.25.

First Merchants Trading Up 0.3%

The business has a 50 day simple moving average of $25.51 and a two-hundred day simple moving average of $25.65.

First Merchants Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $0.4688 dividend. This represents a $1.88 annualized dividend and a yield of 7.4%. The ex-dividend date was Thursday, April 30th.

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.