About First Merchants Corporation
First Merchants Corporation is a financial holding Company. The Company has a bank charter, First Merchants Bank, National Association (the Bank), which is opened for business in Muncie, Indiana. The Bank also operates Lafayette Bank and Trust, Ameriana Bank, Ameriana Financial Services and First Merchants Trust Company as divisions of First Merchants Bank, N.A. The Bank includes approximately 120 banking locations in approximately 30 Indiana, over two Illinois and over two Ohio counties. Its delivery channels include automated teller machines, check cards, interactive voice response systems and Internet technology. The Company, through the Bank, offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; providing personal and corporate trust services; providing full-service brokerage, and providing other corporate services, letters of credit and repurchase agreements.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Regional - Midwest Banks
- Sub-Industry: Regional Banks
- Exchange: NASDAQ
- Symbol: FRME
- CUSIP: 32081710
- Previous Close: $41.45
- 50 Day Moving Average: $38.38
- 200 Day Moving Average: $32.05
- 52-Week Range: $21.10 - $42.17
- Trailing P/E Ratio: 20.93
- Foreward P/E Ratio: 15.76
- P/E Growth: 2.68
- Market Cap: $1.70B
- Outstanding Shares: 40,912,000
- Beta: 1.01
- Net Margins: 25.41%
- Return on Equity: 9.16%
- Return on Assets: 1.17%
Companies Related to First Merchants Corporation:
- Debt-to-Equity Ratio: 0.47%
- Current Ratio: 0.90%
- Quick Ratio: 0.90%
What is First Merchants Corporation's stock symbol?
First Merchants Corporation trades on the NASDAQ under the ticker symbol "FRME."
How often does First Merchants Corporation pay dividends? What is the dividend yield for First Merchants Corporation?
First Merchants Corporation announced a quarterly dividend on Monday, February 13th. Investors of record on Friday, March 3rd will be given a dividend of $0.15 per share on Friday, March 17th. This represents a $0.60 annualized dividend and a yield of 1.45%. The ex-dividend date is Wednesday, March 1st.
Where is First Merchants Corporation's stock going? Where will First Merchants Corporation's stock price be in 2017?
3 brokers have issued twelve-month price objectives for First Merchants Corporation's shares. Their forecasts range from $27.00 to $30.00. On average, they anticipate First Merchants Corporation's share price to reach $28.50 in the next twelve months.
When will First Merchants Corporation announce their earnings?
First Merchants Corporation is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.
Who owns First Merchants Corporation stock?
First Merchants Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.47%), State Street Corp (1.85%), Renaissance Technologies LLC (1.83%), Systematic Financial Management LP (1.26%), Allianz Asset Management AG (1.22%) and Castine Capital Management LLC (0.71%). Company insiders that own First Merchants Corporation stock include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, John Martin, Kimberly J Ellington, Mark K Hardwick, Michael C Rechin, Michael J Stewart, Michael R Becher, Patrick A Sherman and Roderick English.
Who sold First Merchants Corporation stock? Who is selling First Merchants Corporation stock?
First Merchants Corporation's stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management AG, Zebra Capital Management LLC, Two Sigma Investments LP, Systematic Financial Management LP, GSA Capital Partners LLP, Menta Capital LLC, Dimensional Fund Advisors LP and Pitcairn Co.. Company insiders that have sold First Merchants Corporation stock in the last year include John Martin, Mark K Hardwick, Michael C Rechin, Michael J Stewart and Roderick English.
Who bought First Merchants Corporation stock? Who is buying First Merchants Corporation stock?
First Merchants Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Guggenheim Capital LLC, AQR Capital Management LLC, Comerica Bank, Federated Investors Inc. PA, Employees Retirement System of Texas, A.R.T. Advisors LLC and Raymond James Financial Services Advisors Inc.. Company insiders that have bought First Merchants Corporation stock in the last two years include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, Michael J Stewart, Michael R Becher and Patrick A Sherman.
How do I buy First Merchants Corporation stock?
Shares of First Merchants Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of First Merchants Corporation stock cost?
One share of First Merchants Corporation stock can currently be purchased for approximately $41.45.