First Merchants (NASDAQ:FRMEP) Trading Up 0.5% – Still a Buy?

Shares of First Merchants Co. (NASDAQ:FRMEP) rose 0.5% during mid-day trading on Wednesday . The stock traded as high as $25.64 and last traded at $25.64. Approximately 200 shares traded hands during trading, a decline of 83% from the average daily volume of 1,206 shares. The stock had previously closed at $25.50.

First Merchants Stock Up 0.5 %

The stock has a 50-day simple moving average of $25.62 and a 200 day simple moving average of $25.41.

First Merchants Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.4688 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.88 dividend on an annualized basis and a yield of 7.31%.

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.