First Merchants stock dividend – First Merchants Corporation To Issue Cash Dividend On Preferred Stock

Trending News 🌥️

First Merchants Intrinsic Value – First Merchants ($NASDAQ:FRME) Corporation is a holding company that operates through its subsidiaries. The company offers a range of financial services, including banking, lending, and investment services. First Merchants Corporation has announced that it will be issuing a cash dividend on its preferred stock.

Dividends – First Merchants stock dividend

The dividend will be 1.12 per share, and will be payable on June 30, 2021. This dividend is lower than the dividends of 1.15 and 1.05 that were issued in the last two years.

However, the dividend yield for First Merchants is still attractive at 3.0%. If you are looking for a dividend stock to add to your portfolio, First Merchants could be a good option. The company has a strong history of paying dividends, and the recent decline in the dividend may be due to the pandemic.

About the Company

Market Price

This news caused the stock to open at $42.5 and close at $43.2, up by 2.4% from the previous closing price of $42.2. This dividend is a sign of the company’s continued success and financial stability. The company has a strong history of paying dividends and is committed to returning value to its shareholders. Live Quote…

VI Analysis – First Merchants Intrinsic Value Calculator

First Merchants Corporation is a regional bank holding company headquartered in Muncie, Indiana. The Company operates through its banking subsidiary, First Merchants Bank N.A. . The Company offers a range of banking services to retail and commercial customers, including checking and savings accounts, loans, credit cards, and online and mobile banking. The Company’s fundamentals reflect its long term potential. The fair value of First Merchants Corporation’s stock is around $40.8, calculated by VI Line. Now First Merchants Corporation’s stock is traded at $43.2, a fair price overvalued by 6%. More…

VI Peers

The company operates through two segments: Commercial Banking and Retail Banking. Commercial Banking offers loans for working capital, term financing, and equipment financing; and CRE, C&I, and other loans, as well as treasury management, foreign exchange, and interest rate risk management products and services to small and medium-sized businesses. Retail Banking provides deposit products, personal loans, home equity lines of credit, and other consumer loans; and originates and sells one- to four-family residential mortgage loans. First Merchants Corp was founded in 1885 and is headquartered in Muncie, Indiana. Dah Sing Financial Holdings Ltd is a bank holding company that operates through its subsidiaries, Dah Sing Bank Ltd and Dah Sing Insurance Company Ltd. It offers a range of banking and insurance products and services in Hong Kong, Mainland China, and Singapore. The company operates through three segments: Dah Sing Bank, Dah Sing Insurance, and Others. Dah Sing Bank provides personal banking products and services, including deposit-taking, loan and mortgage financing, credit card, foreign exchange, and money market services; and commercial banking products and services comprising deposit-taking, loan and mortgage financing, trade financing, cash management, foreign exchange, and money market services to small and medium-sized enterprises and corporate customers. Dah Sing Insurance offers a range of general insurance products comprising motor, householders’, personal accident, travel, commercial property, liability, marine cargo, construction all risk, credit card insurance, and motor fleet insurance products; and life assurance products consisting of whole life, term life, endowment, annuity, and group life products. The Others segment includes money lending activities. Dah Sing Financial Holdings Ltd was founded in 1946 and is based in Central, Hong Kong. Univest Financial Corp is a bank holding company that operates through its subsidiary, Univest Bank and Trust Co. It offers personal and business banking products and services in Pennsylvania and New Jersey, the United States. The company operates through three segments: Banking, Wealth Management, and Insurance. Banking segment offers checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, commercial loans, consumer loans, mortgage loans, and home equity loans and lines of credit. Wealth Management segment provides trust administration, personal trust administration, investment management, custody services, retirement planning services, retirement plan administration services, estate planning and settlement services, financial planning services, charitable gift planning services, and fiduciary income tax return preparation services. Insurance segment offers property and casualty insurance for business and personal lines; life insurance; long-term care insurance; disability income insurance; annuities; and other insurance products. Univest Financial Corp was founded in 1876 and is based in Souderton, Pennsylvania. Dah Sing Banking Group Ltd is a bank holding company that operates through its subsidiaries. It provides personal banking products and services in Hong Kong; and commercial banking products and services to small and medium-sized enterprises and corporate customers in Hong Kong and Mainland China. The company operates through two segments: Banking Operations in Hong Kong and Banking Operations Outside Hong Kong. It offers various deposit products; personal loans; home equity lines of credit; motor vehicle finance; credit cards; wealth management products; bancassurance products; safe deposit box services; foreign exchange services; money market services; and remittance services. The company also provides commercial banking products comprising deposit-taking products; corporate loans; trade financing; cash management; foreign exchange; money market services; and remittance services. Dah Sing Banking Group Ltd was founded in 1946 and is based in Central, Hong Kong.

– Dah Sing Financial Holdings Ltd ($SEHK:00440)

Dah Sing Financial Holdings Ltd has a market cap of 5.29B as of 2022. The company is a financial services provider in Hong Kong that offers a range of banking, insurance, and investment products and services. Dah Sing has a network of over 50 branches across Hong Kong and employs around 4,000 staff.

– Univest Financial Corp ($NASDAQ:UVSP)

Univest Financial Corporation is a bank holding company that offers banking, insurance, and investment products and services to individuals and businesses in Pennsylvania and New Jersey through its subsidiary banks and insurance companies. As of December 31, 2018, Univest Financial Corporation had assets of $3.6 billion, deposits of $2.9 billion, and loans of $2.5 billion.

– Dah Sing Banking Group Ltd ($SEHK:02356)

Dah Sing Banking Group Ltd is a Hong Kong-based banking group. It provides a range of banking and financial services including personal banking, corporate banking, treasury, and wealth management. As of December 31, 2020, the Group had a total of 97 branches in Hong Kong.

Summary

First Merchants is a regional bank headquartered in Muncie, Indiana. First Merchants offers a full range of banking services to individuals and businesses, including checking and savings accounts, loans, credit cards and mortgages. First Merchants has a long history of profitability and has been consistently ranked as one of the top banks in the United States. The company has a strong focus on community banking and takes pride in its personal service and relationship-driven approach.

Investors who are interested in First Merchants may want to consider the company’s stock as a potential investment. First Merchants has a history of strong financial performance and is well-positioned for continued growth in the future.