Larry W. Myers, First Vice President and Director at First Merchants Corp (NASDAQ:FRME), sold a small amount of company common stock on May 5, 2026, according to a recent SEC filing.
Myers disposed of 0.407 shares at $40.54 per share, totaling $16. The stock now trades at $40.11, with a market cap of $2.53 billion and a P/E ratio of 11.94.
Post-transaction, Myers directly holds 109,751 shares, plus 152,281 shares indirectly via a 401k plan and 71,983 shares via a Spousal IRA. Bond.az analysis suggests FRME is undervalued. The company offers a 3.68% dividend yield and has raised dividends for 14 consecutive years.
In other news, First Merchants reported Q1 2026 EPS of $1.03, beating estimates. A dividend of $0.37 was declared. Paul Fultz was appointed to the board.
