S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle

First Merchants (FRME) Stock Forecast, Price & News

$27.82
+0.19 (+0.69%)
(As of 09/29/2023 ET)
Compare
Today's Range
$27.61
$28.06
50-Day Range
$27.38
$32.81
52-Week Range
$24.52
$45.04
Volume
150,798 shs
Average Volume
162,844 shs
Market Capitalization
$1.66 billion
P/E Ratio
6.38
Dividend Yield
4.89%
Price Target
$38.00

First Merchants MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
36.6% Upside
$38.00 Price Target
Short Interest
Healthy
0.85% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.76
Upright™ Environmental Score
News Sentiment
1.78mentions of First Merchants in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$14,729 Bought Last Quarter
Proj. Earnings Growth
-13.42%
From $3.95 to $3.42 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.21 out of 5 stars

Finance Sector

32nd out of 883 stocks

National Commercial Banks Industry

9th out of 87 stocks


FRME stock logo

About First Merchants (NASDAQ:FRME) Stock

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also offers 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. The company was founded in 1893 and is headquartered in Muncie, Indiana.

FRME Price History

FRME Stock News Headlines

Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Q2 2023 First Merchants Corp Earnings Call
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Earnings Outlook For First Merchants
8-K: FIRST MERCHANTS CORP
What 4 Analyst Ratings Have To Say About First Merchants
Q1 2023 First Merchants Corp Earnings Call
Earnings Preview For First Merchants
Here's what Wall Street expects from First Merchants's earnings
See More Headlines
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FRME Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
10/01/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FRME
CUSIP
32081710
Employees
2,124
Year Founded
1982

Price Target and Rating

Average Stock Price Forecast
$38.00
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+36.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$222.09 million
Pretax Margin
34.26%

Debt

Sales & Book Value

Annual Sales
$712.95 million
Cash Flow
$4.34 per share
Book Value
$33.74 per share

Miscellaneous

Free Float
58,939,000
Market Cap
$1.66 billion
Optionable
Optionable
Beta
1.08

Social Links

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Key Executives

  • Mr. Mark K. HardwickMr. Mark K. Hardwick (Age 52)
    CEO & Director
    Comp: $1.25M
  • Mr. Michael J. Stewart (Age 57)
    Pres
    Comp: $1.07M
  • Ms. Michele M. Kawiecki (Age 50)
    Exec. VP, CFO & Principal Accounting Officer
    Comp: $714.93k
  • Mr. Stephan H. FluhlerMr. Stephan H. Fluhler (Age 54)
    Sr. VP & Chief Information Officer
    Comp: $591.69k
  • Mr. Michael C. RechinMr. Michael C. Rechin (Age 64)
    Advisor & Director
    Comp: $48.16k
  • Mr. John J. Martin (Age 56)
    Exec. VP & Chief Credit Officer
    Comp: $691.3k
  • Mr. Marcos Nogues C.F.A.
    Chief Investment Officer
  • Ms. Nicole M. Weaver
    VP & Director of Corp. Admin.
  • Mr. Brian T. Hunt (Age 63)
    Sec. & Legal Counsel
  • Mr. Steven C. Harris (Age 59)
    Sr. VP & Chief HR Officer













FRME Stock - Frequently Asked Questions

Should I buy or sell First Merchants stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FRME shares.
View FRME analyst ratings
or view top-rated stocks.

What is First Merchants' stock price forecast for 2023?

1 brokerages have issued 1-year price targets for First Merchants' stock. Their FRME share price forecasts range from $36.00 to $40.00. On average, they expect the company's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 36.6% from the stock's current price.
View analysts price targets for FRME
or view top-rated stocks among Wall Street analysts.

How have FRME shares performed in 2023?

First Merchants' stock was trading at $41.11 on January 1st, 2023. Since then, FRME shares have decreased by 32.3% and is now trading at $27.82.
View the best growth stocks for 2023 here
.

When is First Merchants' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our FRME earnings forecast
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings data on Tuesday, July, 25th. The bank reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.04 by $0.02. The bank had revenue of $247.68 million for the quarter, compared to analyst estimates of $171.80 million. First Merchants had a net margin of 29.25% and a trailing twelve-month return on equity of 12.93%. During the same period in the prior year, the company earned $1.01 earnings per share.

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

First Merchants declared a quarterly dividend on Tuesday, August 8th. Stockholders of record on Friday, September 1st will be given a dividend of $0.34 per share on Friday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for FRME
.

What ETFs hold First Merchants' stock?
Is First Merchants a good dividend stock?

First Merchants (NASDAQ:FRME) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.92%. FRME has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRME will have a dividend payout ratio of 39.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FRME.

What is Michael C. Rechin's approval rating as First Merchants' CEO?

48 employees have rated First Merchants Chief Executive Officer Michael C. Rechin on Glassdoor.com. Michael C. Rechin has an approval rating of 82% among the company's employees.

What other stocks do shareholders of First Merchants own?
What is First Merchants' stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $27.82.

How much money does First Merchants make?

First Merchants (NASDAQ:FRME) has a market capitalization of $1.66 billion and generates $712.95 million in revenue each year. The bank earns $222.09 million in net income (profit) each year or $4.36 on an earnings per share basis.

How many employees does First Merchants have?

The company employs 2,124 workers across the globe.

How can I contact First Merchants?

First Merchants' mailing address is 200 EAST JACKSON STREET, MUNCIE IN, 47305. The official website for the company is www.firstmerchants.com. The bank can be reached via phone at (765) 747-1500, via email at nweaver@firstmerchants.com, or via fax at 765-282-6304.

This page (NASDAQ:FRME) was last updated on 10/1/2023 by MarketBeat.com Staff

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