First Merchants (NASDAQ:FRMEP) Trading 1.2% Higher

First Merchants Co. (NASDAQ:FRMEPGet Free Report)’s stock price traded up 1.2% on Friday . The stock traded as high as $24.29 and last traded at $24.29. 325 shares traded hands during trading, a decline of 83% from the average session volume of 1,921 shares. The stock had previously closed at $24.00.

First Merchants Trading Up 1.2 %

The firm has a fifty day moving average price of $24.33 and a two-hundred day moving average price of $24.33.

First Merchants Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a $0.4688 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.88 annualized dividend and a yield of 7.72%.

First Merchants Company Profile

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First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services.

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