First Merchants (NASDAQ:FRMEP) Trading Down 0.7% – Should You Sell?

First Merchants Co. (NASDAQ:FRMEP)’s stock price fell 0.7% during mid-day trading on Tuesday . The company traded as low as $25.50 and last traded at $25.50. 1,008 shares were traded during mid-day trading, a decline of 19% from the average session volume of 1,245 shares. The stock had previously closed at $25.67.

First Merchants Price Performance

The stock’s fifty day moving average is $25.61 and its 200-day moving average is $25.37.

First Merchants Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.4688 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend was Thursday, October 31st.

First Merchants Company Profile

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.