NASDAQ:FRME First Merchants (FRME) Stock Price, News & Analysis $41.74 +2.06 (+5.19%) Closing price 08/22/2025 04:00 PM EasternExtended Trading$41.74 +0.00 (+0.01%) As of 08/22/2025 04:45 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$39.76▼$41.8650-Day Range$35.37▼$41.7452-Week Range$33.13▼$46.13Volume320,731 shsAverage Volume232,889 shsMarket Capitalization$2.41 billionP/E Ratio10.81Dividend Yield3.45%Price Target$48.25Consensus RatingBuy Company Overview First 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™ Stocks98th Percentile Overall ScoreFRME MarketRank™: First Merchants scored higher than 98% of companies evaluated by MarketBeat, and ranked 23rd out of 924 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.5 / 5Analyst RatingBuy Consensus RatingFirst Merchants has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageFirst Merchants has only been the subject of 1 research reports in the past 90 days.Read more about First Merchants' stock forecast and price target. Earnings and Valuation2.5 / 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 10.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.44.Price to Earnings Ratio vs. SectorThe P/E ratio of First Merchants is 10.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.41.Price to Book Value per Share RatioFirst Merchants has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about First Merchants' valuation and earnings. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted0.99% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Merchants has recently decreased by 15.49%, indicating that investor sentiment is improving significantly. Dividend5.0 / 5Dividend StrengthStrong Dividend LeadershipFirst Merchants is a leading dividend payer. It pays a dividend yield of 3.63%, 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 37.31%. 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 ESG2.5 / 5Environmental Score-0.67 Percentage of Shares Shorted0.99% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Merchants has recently decreased by 15.49%, indicating that investor sentiment is improving significantly. News and Social Media3.6 / 5News Sentiment1.40 News SentimentFirst Merchants has a news sentiment score of 1.40. 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 1.05 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for First Merchants this week, compared to 4 articles on an average week.Search Interest2 people have searched for FRME on MarketBeat in the last 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 HeadlinesFirst Merchants, First Interstate BancSystem, FB Financial, Enterprise Financial Services, and Eastern Bank Stocks Trade Up, What You Need To KnowAugust 22 at 3:43 PM | msn.comFirst Merchants Announces Cash Dividend for ShareholdersAugust 15, 2025 | tipranks.comTrump’s betrayal exposedTrump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to move your money now.August 24 at 2:00 AM | Porter & Company (Ad)First Merchants Corporation Announces Cash Dividend | FRME Stock NewsAugust 15, 2025 | gurufocus.comFirst Merchants Corporation Announces Cash DividendAugust 15, 2025 | globenewswire.comReviewing First Merchants (NASDAQ:FRME) and Wintrust Financial (NASDAQ:WTFC)August 15, 2025 | americanbankingnews.comFirst Merchants: Attractively Valued With A Positive Earnings OutlookAugust 12, 2025 | seekingalpha.comFirst Merchants (FRME) Stock Rating Maintained, Price Target Adjusted | FRME Stock NewsJuly 28, 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 at the beginning of 2025. Since then, FRME stock has increased by 4.6% and is now trading at $41.74. How were First Merchants' earnings last quarter? First Merchants Corporation (NASDAQ:FRME) released its quarterly earnings results on Wednesday, July, 23rd. The bank reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. The bank earned $170.52 million during the quarter, compared to analysts' expectations of $172.13 million. First Merchants had a trailing twelve-month return on equity of 9.88% and a net margin of 21.35%. Read the conference call transcript. Who are First Merchants' major shareholders? First Merchants' top institutional shareholders include State Street Corp (3.47%), Geode Capital Management LLC (2.48%), American Century Companies Inc. (1.95%) and First Trust Advisors LP (1.33%). 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 Record date for 6/20 Dividend6/06/2025Ex-Dividend for 6/20 Dividend6/06/2025Dividend Payable6/20/2025Last Earnings7/23/2025Today8/24/2025Record date for 9/19 Dividend9/05/2025Ex-Dividend for 9/19 Dividend9/05/2025Dividend Payable9/19/2025Next Earnings (Estimated)10/23/2025Fiscal 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 Price Target for First Merchants$48.25 High Price Target$50.00 Low Price Target$46.00 Potential Upside/Downside+15.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Trailing Twelve Months)$3.86 Trailing P/E Ratio10.81 Forward P/E Ratio11.01 P/E GrowthN/ANet Income$201.40 million Net Margins21.35% Pretax Margin24.72% Return on Equity9.88% Return on Assets1.23% Debt Debt-to-Equity Ratio0.41 Current Ratio0.90 Quick Ratio0.90 Sales & Book Value Annual Sales$637.74 million Price / Sales3.78 Cash Flow$3.96 per share Price / Cash Flow10.55 Book Value$40.23 per share Price / Book1.04Miscellaneous Outstanding Shares57,732,000Free Float56,941,000Market Cap$2.41 billion OptionableOptionable Beta1.08 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? 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