First Merchants Co. (NASDAQ:FRME) declared a quarterly dividend on Thursday, November 7th, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.26 per share by the bank on Friday, December 20th. This represents a $1.04 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Thursday, December 5th.

NASDAQ FRME traded down $0.72 on Tuesday, hitting $39.66. 105 shares of the company were exchanged, compared to its average volume of 140,335. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. First Merchants has a twelve month low of $32.49 and a twelve month high of $42.49. The firm has a market capitalization of $2.26 billion, a P/E ratio of 12.32 and a beta of 1.07. The company’s 50 day moving average price is $39.98 and its 200-day moving average price is $37.51.

First Merchants (NASDAQ:FRME) last announced its earnings results on Thursday, October 24th. The bank reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The company had revenue of $111.05 million during the quarter, compared to analysts’ expectations of $109.87 million. First Merchants had a net margin of 29.88% and a return on equity of 10.36%. As a group, equities analysts expect that First Merchants will post 3.32 EPS for the current year.

In other news, SVP Stephan Fluhler sold 3,873 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $38.98, for a total transaction of $150,969.54. Also, EVP Michael J. Stewart sold 2,250 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $40.99, for a total transaction of $92,227.50. Insiders have sold a total of 13,423 shares of company stock valued at $520,451 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of First Merchants from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. ValuEngine upgraded shares of First Merchants from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, BidaskClub raised shares of First Merchants from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. First Merchants currently has a consensus rating of “Hold” and a consensus price target of $42.60.

First Merchants Company Profile

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities.

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Dividend History for First Merchants (NASDAQ:FRME)

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