First Merchants Corp (FRME) Files Form 4 Insider Buying : Michael J Stewart Buys 43 Shares

First Merchants Corp (FRME): Michael J Stewart , Chief Banking Officer of First Merchants Corp purchased 43 shares on Jul 1, 2016. The Insider buying transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $21.13 per share for a total value of $908.76 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Jeffrey B Lorentson (Chief Risk Officer) purchased 14 shares at $21.13 per share price.On Jun 3, 2016, Patrick A Sherman (director) purchased 19 shares at $25.95 per share price.Also, On Jun 3, 2016, Gary Lehman (director) purchased 64 shares at $25.95 per share price.On May 17, 2016, Roderick English (director) sold 2,500 shares at $24.90 per share price.

Shares of First Merchants Corporation (FRME) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.12% at $24.9 with 1,30,953 shares getting traded. Post opening the session at $24.82, the shares hit an intraday low of $24.76 and an intraday high of $24.97 and the price vacillated in this range throughout the day. The company has a market cap of $1,015 M and the number of outstanding shares has been calculated to be 4,07,49,494 shares. The 52-week high of First Merchants Corporation is $27.598 and the 52-week low is $21.1006.

First Merchants Corporation Money Flow Index Chart

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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