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

First Merchants Co. (NASDAQ:FRMEP)’s stock price traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $25.88 and last traded at $25.6490. 900 shares traded 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 Price Performance

The stock has a 50-day simple moving average of $25.88 and a 200-day simple moving average of $25.56.

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

First Merchants Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors 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 annualized dividend and a 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.