Firstmerit Stock Hits New 52-Week High (FMER)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Monday as it is currently trading at $20.56, above its previous 52-week high of $20.48 with 672,479 shares traded as of 12:20 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.
Firstmerit has a market cap of $3.37 billion and is part of the financial sector and banking industry. Shares are up 43.4% year to date as of the close of trading on Friday.
FirstMerit Corporation operates as a bank holding company for FirstMerit Bank, N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers. The company has a P/E ratio of 15, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates
Firstmerit
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, good cash flow from operations, expanding profit margins and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full
.
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