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FMB

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    49.6439$
  • Previous Close
    49.7199$
  • 52 Week Change
    --
  • Day Range
    -0.08$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FMB.US represents First Merchants Corporation, a financial holding company headquartered in Muncie, Indiana. Through its subsidiary, First Merchants Bank, the company provides a wide range of commercial banking services, including deposit accounts, commercial and industrial lending, residential mortgage lending, and wealth management services. First Merchants operates primarily in Indiana, Illinois, Ohio, and Michigan, focusing on serving small to medium-sized businesses and individuals in those communities. The company's stock is publicly traded on the Nasdaq Global Select Market under the ticker symbol FMB.
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Factors

Treasury Bond Yields: FMB.US tracks US mortgage-backed securities. Higher treasury yields often lead to lower MBS prices and thus a lower ETF price.

Mortgage Rates: Rising mortgage rates decrease demand for refinancing and new mortgages, impacting MBS prices negatively and influencing the ETF's value.

Federal Reserve Policy: Fed actions, such as quantitative easing or tapering, significantly affect MBS supply and demand, altering FMB.US's price.

Prepayment Speeds: Faster mortgage prepayment speeds can lower MBS values, reducing the ETF's NAV due to reinvestment at potentially lower rates.

Credit Spreads: Widening credit spreads reflect increased risk aversion, potentially lowering MBS prices and affecting FMB.US's performance.

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