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NEW YORK ( TheStreet) -- Firstmerit (Nasdaq: FMER) 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.