First Merchants (NASDAQ:FRMEP) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

First Merchants Co. (NASDAQ:FRMEP)’s share price crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $25.20 and traded as low as $25.00. First Merchants shares last traded at $25.0250, with a volume of 2,952 shares traded.

First Merchants Price Performance

The company has a 50-day moving average price of $25.20 and a two-hundred day moving average price of $25.48.

First Merchants Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be paid a dividend of $0.4688 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.88 annualized dividend and a yield of 7.5%.

First Merchants Company Profile

First Merchants Corporation is a bank holding company headquartered in Muncie, Indiana. Through its subsidiary, First Merchants Bank, it provides commercial and consumer banking services, including deposit accounts, lending, treasury management and mortgage banking. The company also offers wealth management and trust services, along with insurance and other financial solutions. Its banking operations primarily serve individuals, businesses and communities across Indiana and neighboring markets in Ohio, Michigan and Illinois.