First Merchants Corp (FRME): Roderick English , director of First Merchants Corp sold 2,500 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $24.90 per share for a total value of $62,240.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Patrick A Sherman (director) purchased 20 shares at $25.64 per share price.On May 3, 2016, Gary Lehman (director) purchased 65 shares at $25.64 per share price.Also, On Apr 4, 2016, Michael J Stewart (Chief Banking Officer) purchased 45 shares at $20.03 per share price.On Apr 4, 2016, Jeffrey B Lorentson (Chief Risk Officer) purchased 15 shares at $20.03 per share price.
First Merchants Corporation: On Monday, May 16, 2016 heightened volatility was witnessed in First Merchants Corporation which led to swings in the share price. The shares opened for trading at $24.72 and hit $25.25 on the upside , eventually ending the session at $25.13, with a gain of 1.58% or 0.39 points. The heightened volatility saw the trading volume jump to 89,435 shares. The 52-week high of the share price is $27.598 and the company has a market cap of $1,024 M . The 52-week low of the share price is at $21.1006.
On May 2, 2016, First Merchants Corporation announced a cash dividend of $0.1400. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 17, 2016.
First Merchants Corporation is a financial holding Company. The Company has one full-service bank charter First Merchants Bank National Association (the Bank) which opened for business in Muncie Indiana. The Bank also operates Lafayette Bank and Trust Commerce National Bank and First Merchants Trust Company as divisions of First Merchants Bank N.A. The Bank includes 106 banking locations in 26 Indiana two Illinois and two Ohio counties. The Companys delivery channels include automated teller machines check cards remote deposit capture interactive voice response systems and internet technology. Through the Bank it offers financial services including accepting time deposits savings and demand deposits; making consumer commercial agri-business and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services; providing full-service brokerage and providing corporate services letters of credit and repurchase agreements.