First Merchants (NASDAQ:FRMEP) Shares Down 0.2% – Should You Sell?

First Merchants Co. (NASDAQ:FRMEP) dropped 0.2% on Thursday . The company traded as low as $25.62 and last traded at $25.70. Approximately 417 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,557 shares. The stock had previously closed at $25.74.

First Merchants Stock Down 0.2%

The business has a 50 day moving average price of $25.50 and a two-hundred day moving average price of $25.39.

First Merchants (NASDAQ:FRMEP) last announced its earnings results on Tuesday, April 26th. The company reported $0.78 earnings per share for the quarter. The business had revenue of $127.43 million during the quarter.

First Merchants Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Wednesday, July 30th were paid a $0.4688 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Wednesday, July 30th.

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.