Castle Creek Capital Partners Iv Lp Lowers stake in First Merchants Corporation (FRME)

First Merchants Corporation (FRME) : Castle Creek Capital Partners Iv Lp reduced its stake in First Merchants Corporation by 33.34% during the most recent quarter end. The investment management company now holds a total of 929,747 shares of First Merchants Corporation which is valued at $22,983,346 after selling 465,000 shares in First Merchants Corporation , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.First Merchants Corporation makes up approximately 10.94% of Castle Creek Capital Partners Iv Lp’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in FRME in the latest quarter, The investment management firm added 1,964 additional shares and now holds a total of 1,977 shares of First Merchants Corporation which is valued at $48,871.

First Merchants Corporation opened for trading at $25.29 and hit $25.48 on the upside on Wednesday, eventually ending the session at $25.38, with a gain of 0.24% or 0.06 points. The heightened volatility saw the trading volume jump to 88,003 shares. Company has a market cap of $1,034 M.

Many Wall Street Analysts have commented on First Merchants Corporation. First Merchants Corporation was Initiated by Piper Jaffray to “Neutral” on Jul 11, 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 Company’s 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.

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