About Firstmerit Corp (NASDAQ:FMER)
FirstMerit Corporation is a bank holding company. The Company's business consists of owning and supervising its affiliates. It operates through FirstMerit Bank, N.A. and its other subsidiaries, providing a range of banking, fiduciary, financial, insurance and investment services to customers throughout Ohio, the Chicago, Illinois-metropolitan area, Michigan, Wisconsin and Western Pennsylvania. Its segments include Commercial, Retail, Wealth and Other. The Commercial segment provides various lending, depository and related financial services. The Retail segment includes consumer lending and deposit gathering, residential mortgage loan origination and servicing, and branch-based small business banking. The Wealth segment offers a range of asset management, private banking, financial planning, estate settlement and administration, credit and deposit products and services. The Other segment includes activities of the parent company, community development operations and the treasury group.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Commercial Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:FMER
- CUSIP: 33791510
- Web: www.firstmerit.com
- 50 Day Moving Avg: $20.74
- 200 Day Moving Avg: $21.07
- 52 Week Range: $15.33 - $23.15
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 14.70
- P/E Growth: 0.00
- Net Margins: 23.21%
- Return on Equity: 7.73%
- Return on Assets: 0.90%
- Average Volume: 1.08 million shs.
- Beta: 1.2
Frequently Asked Questions for Firstmerit Corp (NASDAQ:FMER)
What is Firstmerit Corp's stock symbol?
Firstmerit Corp trades on the NASDAQ under the ticker symbol "FMER."
How were Firstmerit Corp's earnings last quarter?
Firstmerit Corp (NASDAQ:FMER) posted its earnings results on Tuesday, July, 26th. The company reported $0.36 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.34 by $0.02. The firm had revenue of $252.90 million for the quarter, compared to analyst estimates of $258.24 million. Firstmerit Corp had a net margin of 23.21% and a return on equity of 7.73%. During the same period in the previous year, the firm posted $0.33 EPS. View Firstmerit Corp's Earnings History.
Who are some of Firstmerit Corp's key competitors?
Some companies that are related to Firstmerit Corp include HSBC Holdings PLC (HSBC), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), First Republic Bank (FRC), Zions Bancorporation (ZION), Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX), BOK Financial Corporation (BOKF), Western Alliance Bancorporation (WAL), Pinnacle Financial Partners (PNFP), Prosperity Bancshares (PB), F.N.B. Corporation (FNB), Texas Capital Bancshares (TCBI), Home BancShares (HOMB), IBERIABANK Corporation (IBKC), Hancock Holding Company (HBHC), First Hawaiian (FHB), Associated Banc-Corp (ASB) and MB Financial (MBFI).
Who are Firstmerit Corp's key executives?
Firstmerit Corp's management team includes the folowing people:
- Paul G. Greig, President, Chief Executive Officer
- Sandra E. Pierce, Vice Chairman of the Board
- Terrence E. Bichsel, Chief Financial Officer, Senior Executive Vice President
- Mark N. DuHamel, Deputy Chief Financial Officer, Executive Vice President and Corporate Development Officer
- Christopher J. Maurer, Chief Human Resource Officer, Executive Vice President
- Nancy H. Worman, Executive Vice President, Chief Accounting Officer
- Mark D. Quinlan, Executive Vice President, Chief Information Officer
- Julie C. Tutkovics, Executive Vice President, Chief Marketing Officer
- Brian C. Williams, Executive Vice President, Chief Risk Officer
- Carlton E. Langer, Executive Vice President, Corporate Secretary, Chief Legal Officer
How do I buy Firstmerit Corp stock?
Shares of Firstmerit Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Firstmerit Corp's stock price today?
MarketBeat Community Rating for Firstmerit Corp (NASDAQ FMER)MarketBeat's community ratings are surveys of what our community members think about Firstmerit Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Firstmerit Corp stock can currently be purchased for approximately $21.61.
Consensus Ratings for Firstmerit Corp (NASDAQ:FMER) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|Consensus Price Target History for Firstmerit Corp (NASDAQ:FMER)
Analysts' Ratings History for Firstmerit Corp (NASDAQ:FMER)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|4/4/2016||Barclays PLC||Reiterated Rating||Buy||N/A|
|2/3/2016||Keefe, Bruyette & Woods||Boost Price Target||$20.00 -> $24.75||N/A|
|1/28/2016||Sandler O'Neill||Upgrade||Hold -> Buy||N/A|
|1/27/2016||Raymond James Financial, Inc.||Upgrade||Underperform -> Market Perform||N/A|
|1/27/2016||Stephens||Downgrade||Overweight -> Equal Weight||N/A|
|1/27/2016||Royal Bank Of Canada||Downgrade||Outperform -> Sector Perform||$21.00 -> $19.00||N/A|
|1/15/2016||Hovde Group||Initiated Coverage||Market Perform||$18.00||N/A|
Earnings History for Firstmerit Corp (NASDAQ:FMER)Earnings History by Quarter for Firstmerit Corp (NASDAQ FMER)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2016||Q216||$0.34||$0.36||$258.24 million||$252.90 million||View||N/A|
|4/26/2016||Q116||$0.33||$0.34||$253.53 million||$256.50 million||View||N/A|
|1/26/2016||Q415||$0.34||$0.33||$258.92 million||$250.37 million||View||Listen|
|10/27/2015||Q315||$0.34||$0.34||$258.48 million||$256.75 million||View||Listen|
|7/28/2015||Q215||$0.34||$0.33||$260.36 million||$251.70 million||View||Listen|
|4/28/2015||Q115||$0.33||$0.33||$258.23 million||$251.47 million||View||N/A|
|1/27/2015||Q414||$0.36||$0.36||$265.32 million||$278.06 million||View||N/A|
|10/28/2014||Q314||$0.37||$0.37||$270.53 million||$263.31 million||View||N/A|
|7/22/2014||Q214||$0.36||$0.35||$270.12 million||$268.14 million||View||N/A|
|4/22/2014||Q114||$0.36||$0.31||$266.67 million||$261.17 million||View||N/A|
|1/28/2014||Q413||$0.36||$0.36||$273.47 million||$270.49 million||View||N/A|
|7/23/2013||Q2 2013||$0.31||$0.29||$250.80 million||View||N/A|
|4/23/2013||Q1 2013||$0.31||$0.33||$161.01 million||View||N/A|
|1/22/2013||Q4 2012||$0.32||$0.35||$174.26 million||View||N/A|
Earnings Estimates for Firstmerit Corp (NASDAQ:FMER)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Firstmerit Corp (NASDAQ:FMER)
|Most Recent Dividend:||6/20/2016|
|Payout Ratio:||51.52% (Trailing 12 Months of Earnings) |
50.00% (Based on This Year's Estimates)
46.26% (Based on Next Year's Estimates)
Dividend History by Quarter for Firstmerit Corp (NASDAQ FMER)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Firstmerit Corp (NASDAQ:FMER)Insider Trades by Quarter for Firstmerit Corp (NASDAQ:FMER)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/6/2015||Christopher J Maurer||EVP||Sell||4,561||$20.34||$92,770.74|| |
|6/15/2015||Sandra E Pierce||Vice Chairman||Sell||6,000||$20.79||$124,740.00|| |
|6/9/2015||Christopher J Maurer||EVP||Sell||5,313||$20.57||$109,288.41|| |
|5/4/2015||Russ M Strobel||Director||Buy||2,000||$19.20||$38,400.00|| |
|3/20/2015||William P Richgels||EVP||Sell||11,004||$19.48||$214,357.92|| |
|2/6/2015||J Michael Hochschwender||Director||Sell||2,837||$17.82||$50,555.34|| |
|12/22/2014||Judith A Steiner||EVP||Sell||2,500||$18.80||$47,000.00|| |
|12/10/2014||Clifford J Isroff||Director||Sell||3,000||$18.10||$54,300.00|| |
|6/19/2014||William P Richgels||EVP||Sell||15,000||$19.70||$295,500.00|| |
|4/24/2014||Russ Strobel||Director||Buy||5,000||$19.08||$95,400.00|| |
|3/6/2014||N. James Brocklehurst||EVP||Sell||4,673||$21.15||$98,833.95|| |
|10/31/2013||John C Blickle||Director||Sell||8,863||$22.81||$202,165.03|| |
|10/28/2013||John C Blickle||Director||Sell||42,082||$23.15||$974,198.30|| |
|8/14/2013||N. James Brocklehurst||EVP||Sell||2,200||$22.73||$50,006.00|| |
|5/28/2013||William P Richgels||EVP||Sell||14,424||$18.60||$268,286.40|| |
|5/13/2013||Judith A Steiner||EVP||Sell||3,000||$17.53||$52,590.00|| |
|4/25/2013||Mark D Quinlan||EVP||Buy||1,000||$16.79||$16,790.00|| |
|4/25/2013||Russ M Strobel||Director||Buy||5,000||$16.96||$84,800.00|| |
|9/17/2012||Robert W Briggs||Director||Buy||3,300||$15.19||$50,127.00|| |
Headline Trends for Firstmerit Corp (NASDAQ:FMER)
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Firstmerit Corp (FMER) Chart for Saturday, October, 21, 2017