NASDAQ:FRME - First Merchants Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$38.35 -0.97 (-2.47 %)
(As of 04/22/2019 01:59 AM ET)
Previous Close$38.35
Today's Range$38.24 - $39.15
52-Week Range$32.49 - $50.44
Volume133,005 shs
Average Volume150,387 shs
Market Capitalization$1.91 billion
P/E Ratio11.91
Dividend Yield2.29%
Beta0.96
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. The company also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services, as well as electronic and mobile delivery channels. It operates 116 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1982 and is headquartered in Muncie, Indiana.

Receive FRME News and Ratings via Email

Sign-up to receive the latest news and ratings for FRME and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$484.40 million
Cash Flow$3.3818 per share
Book Value$28.36 per share

Profitability

Net Income$159.14 million

Miscellaneous

Employees1,702
Market Cap$1.91 billion
Next Earnings Date4/25/2019 (Confirmed)
OptionableOptionable

First Merchants (NASDAQ:FRME) Frequently Asked Questions

What is First Merchants' stock symbol?

First Merchants trades on the NASDAQ under the ticker symbol "FRME."

How often does First Merchants pay dividends? What is the dividend yield for First Merchants?

First Merchants declared a quarterly dividend on Wednesday, February 6th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.22 per share on Friday, March 15th. This represents a $0.88 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Thursday, February 28th. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) posted its quarterly earnings data on Thursday, January, 31st. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. The bank earned $107.06 million during the quarter, compared to analyst estimates of $107.40 million. First Merchants had a return on equity of 11.74% and a net margin of 32.85%. View First Merchants' Earnings History.

When is First Merchants' next earnings date?

First Merchants is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for First Merchants.

What price target have analysts set for FRME?

4 equities research analysts have issued twelve-month target prices for First Merchants' stock. Their forecasts range from $42.00 to $47.00. On average, they expect First Merchants' stock price to reach $44.3333 in the next year. This suggests a possible upside of 15.6% from the stock's current price. View Analyst Price Targets for First Merchants.

What is the consensus analysts' recommendation for First Merchants?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Merchants.

Has First Merchants been receiving favorable news coverage?

Headlines about FRME stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. First Merchants earned a news impact score of 1.2 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days.

Who are some of First Merchants' key competitors?

What other stocks do shareholders of First Merchants own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Merchants investors own include BankFinancial (BFIN), Goodyear Tire & Rubber (GT), Boeing (BA), ConocoPhillips (COP), Coupa Software (COUP), Intel (INTC), Sirius XM (SIRI), Western Digital (WDC), Ball (BLL) and Bristol-Myers Squibb (BMY).

Who are First Merchants' key executives?

First Merchants' management team includes the folowing people:
  • Mr. Michael C. Rechin, Pres, CEO & Director (Age 60)
  • Mr. Mark K. Hardwick, Exec. VP, CFO & COO (Age 48)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 50)
  • Mr. Michael J. Stewart, Exec. VP & Chief Banking Officer (Age 53)
  • Ms. Nicole M. Weaver, VP & Director of Corp. Admin.

Who are First Merchants' major shareholders?

First Merchants' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Park National Corp OH (0.16%), Meeder Asset Management Inc. (0.01%), Ullmann Financial Group Inc. (0.01%), Huntington National Bank (0.00%) and Strs Ohio (0.00%). Company insiders that own First Merchants stock include Gary Lehman, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michele Kawiecki, Patrick A Sherman, Stephan Fluhler and Terry L Walker. View Institutional Ownership Trends for First Merchants.

Which major investors are selling First Merchants stock?

FRME stock was sold by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc., Park National Corp OH and Huntington National Bank. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michele Kawiecki and Stephan Fluhler. View Insider Buying and Selling for First Merchants.

Which major investors are buying First Merchants stock?

FRME stock was acquired by a variety of institutional investors in the last quarter, including Ullmann Financial Group Inc. and Strs Ohio. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Michael C Marhenke, Patrick A Sherman and Terry L Walker. View Insider Buying and Selling for First Merchants.

How do I buy shares of First Merchants?

Shares of FRME can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $38.35.

How big of a company is First Merchants?

First Merchants has a market capitalization of $1.91 billion and generates $484.40 million in revenue each year. The bank earns $159.14 million in net income (profit) each year or $3.22 on an earnings per share basis. First Merchants employs 1,702 workers across the globe.

What is First Merchants' official website?

The official website for First Merchants is http://www.firstmerchants.com.

How can I contact First Merchants?

First Merchants' mailing address is 200 EAST JACKSON, MUNCIE IN, 47305. The bank can be reached via phone at 765-747-1500 or via email at [email protected]


MarketBeat Community Rating for First Merchants (NASDAQ FRME)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  268 (Vote Outperform)
Underperform Votes:  332 (Vote Underperform)
Total Votes:  600
MarketBeat's community ratings are surveys of what our community members think about First Merchants and other stocks. Vote "Outperform" if you believe FRME will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRME will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/22/2019 by MarketBeat.com Staff

Featured Article: What are gap-down stocks?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel