NASDAQ:FRME First Merchants (FRME) Stock Price, News & Analysis $38.65 +0.62 (+1.63%) Closing price 06/27/2025 04:00 PM EasternExtended Trading$38.62 -0.02 (-0.06%) As of 06/27/2025 05:31 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock About First Merchants Stock (NASDAQ:FRME) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get First Merchants alerts:Sign Up Key Stats Today's Range$37.90▼$38.8150-Day Range$34.92▼$39.3752-Week Range$32.28▼$46.13Volume1.39 million shsAverage Volume271,389 shsMarket Capitalization$2.25 billionP/E Ratio10.86Dividend Yield3.73%Price Target$46.40Consensus RatingModerate Buy Company OverviewFirst Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.Read More… First Merchants Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks97th Percentile Overall ScoreFRME MarketRank™: First Merchants scored higher than 97% of companies evaluated by MarketBeat, and ranked 57th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.4 / 5Analyst RatingModerate Buy Consensus RatingFirst Merchants has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageFirst Merchants has only been the subject of 3 research reports in the past 90 days.Read more about First Merchants' stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth7.12% Earnings GrowthEarnings for First Merchants are expected to grow by 7.12% in the coming year, from $3.79 to $4.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Merchants is 10.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.73.Price to Earnings Ratio vs. SectorThe P/E ratio of First Merchants is 10.86, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.96.Price to Book Value per Share RatioFirst Merchants has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about First Merchants' valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.34% of the float of First Merchants has been sold short.Short Interest Ratio / Days to CoverFirst Merchants has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Merchants has recently increased by 5.67%, indicating that investor sentiment is decreasing significantly. Dividend5.0 / 5Dividend StrengthStrong Dividend LeadershipFirst Merchants is a leading dividend payer. It pays a dividend yield of 3.73%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFirst Merchants has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of First Merchants is 40.45%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Merchants will have a dividend payout ratio of 35.47% next year. This indicates that First Merchants will be able to sustain or increase its dividend.Read more about First Merchants' dividend. Sustainability and ESG2.6 / 5Environmental Score-0.67 Percentage of Shares Shorted1.34% of the float of First Merchants has been sold short.Short Interest Ratio / Days to CoverFirst Merchants has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Merchants has recently increased by 5.67%, indicating that investor sentiment is decreasing significantly. News and Social Media2.9 / 5News Sentiment1.16 News SentimentFirst Merchants has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.90 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for First Merchants this week, compared to 4 articles on an average week.MarketBeat FollowsOnly 1 people have added First Merchants to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, First Merchants insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.37% of the stock of First Merchants is held by insiders.Percentage Held by Institutions73.92% of the stock of First Merchants is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about First Merchants' insider trading history. Receive FRME Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Merchants and its competitors with MarketBeat's FREE daily newsletter. Email Address FRME Stock News HeadlinesFRME Q1 Deep Dive: Loan Growth and Deposit Costs Shape Mixed Market ResponseJune 24, 2025 | msn.comAnalysts Set First Merchants Corporation (NASDAQ:FRME) PT at $46.40June 24, 2025 | americanbankingnews.comTrump wipes out trillions overnight…Is there anybody more powerful than Donald Trump right now? In a single tariff announcement, he wiped out nearly $5 trillion in wealth from the S&P 500 and $6.4 trillion from the Dow Jones… Not to mention the countless trillions of dollars lost in every market around the world… leaving the major political powers scrambling in fear of Trump’s next move.June 28 at 2:00 AM | Porter & Company (Ad)3 Reasons FRME is Risky and 1 Stock to Buy InsteadJune 19, 2025 | msn.comFirst Merchants Corporation Announces Changed Ex-Dividend Date for Previously Announced DividendMay 21, 2025 | globenewswire.comFirst Merchants Corporation (FRME): A Bull Case TheoryMay 21, 2025 | insidermonkey.comFirst Merchants Corporation Announces Cash Dividend | FRME Stock NewsMay 16, 2025 | gurufocus.comFirst Merchants Corp (FRME) Announces Cash Dividend for Shareholders | FRME stock newsMay 16, 2025 | gurufocus.comSee More Headlines FRME Stock Analysis - Frequently Asked Questions How have FRME shares performed this year? First Merchants' stock was trading at $39.89 on January 1st, 2025. Since then, FRME stock has decreased by 3.1% and is now trading at $38.65. View the best growth stocks for 2025 here. How were First Merchants' earnings last quarter? First Merchants Corporation (NASDAQ:FRME) posted its earnings results on Thursday, April, 24th. The bank reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. The bank earned $160.32 million during the quarter, compared to analysts' expectations of $171.23 million. First Merchants had a net margin of 19.63% and a trailing twelve-month return on equity of 9.28%. Read the conference call transcript. Who are First Merchants' major shareholders? Top institutional investors of First Merchants include Vanguard Group Inc. (10.70%), Dimensional Fund Advisors LP (5.90%), Earnest Partners LLC (4.39%) and American Century Companies Inc. (1.89%). Insiders that own company stock include Patrick J Fehring, Michael J Stewart, Michael C Rechin, Gary Lehman, Charles E Schalliol, Howard Halderman, Stephan Fluhler and Jason R Sondhi. View institutional ownership trends. How do I buy shares of First Merchants? Shares of FRME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of First Merchants own? Based on aggregate information from My MarketBeat watchlists, some other companies that First Merchants investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX) and Visa (V). Company Calendar Last Earnings4/24/2025Record date for 6/20 Dividend6/06/2025Ex-Dividend for 6/20 Dividend6/06/2025Dividend Payable6/20/2025Today6/28/2025Next Earnings (Estimated)7/24/2025Fiscal Year End12/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry BANKS - MIDWEST Sub-IndustryRegional Banks Current SymbolNASDAQ:FRME CIK712534 Webwww.firstmerchants.com Phone(765) 747-1500Fax765-282-6304Employees2,120Year Founded1982Price Target and Rating Average Stock Price Target$46.40 High Stock Price Target$50.00 Low Stock Price Target$38.00 Potential Upside/Downside+20.1%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$3.56 Trailing P/E Ratio10.86 Forward P/E Ratio10.20 P/E GrowthN/ANet Income$201.40 million Net Margins19.63% Pretax Margin22.58% Return on Equity9.28% Return on Assets1.14% Debt Debt-to-Equity Ratio0.45 Current Ratio0.90 Quick Ratio0.90 Sales & Book Value Annual Sales$1.07 billion Price / Sales2.10 Cash Flow$4.02 per share Price / Cash Flow9.62 Book Value$38.86 per share Price / Book0.99Miscellaneous Outstanding Shares58,310,000Free Float57,508,000Market Cap$2.25 billion OptionableOptionable Beta1.03 Social Links Beginner's Guide To Retirement StocksEnter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. 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