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

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$38.13 -0.89 (-2.28 %)
(As of 12/13/2018 02:39 PM ET)
Previous Close$39.02
Today's Range$38.11 - $38.81
52-Week Range$37.39 - $50.44
Volume5,828 shs
Average Volume114,918 shs
Market Capitalization$1.90 billion
P/E Ratio15.93
Dividend Yield2.30%
Beta0.81
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, full-service brokerage, corporate, letters of credit, and repurchase agreements services. It operates 119 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company's delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FRME
Previous Symbol
CUSIP32081710
Phone765-747-1500

Debt

Debt-to-Equity Ratio0.38
Current Ratio0.93
Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio15.93
Forward P/E Ratio11.95
P/E Growth1.72

Sales & Book Value

Annual Sales$385.90 million
Price / Sales4.91
Cash Flow$2.3683 per share
Price / Cash Flow16.10
Book Value$26.51 per share
Price / Book1.44

Profitability

EPS (Most Recent Fiscal Year)$2.41
Net Income$96.07 million
Net Margins30.43%
Return on Equity11.16%
Return on Assets1.55%

Miscellaneous

Employees1,684
Outstanding Shares49,660,000
Market Cap$1.90 billion
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 announced a quarterly dividend on Thursday, November 8th. Investors of record on Friday, December 7th will be given a dividend of $0.22 per share on Friday, December 21st. This represents a $0.88 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, December 6th. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings data on Wednesday, October, 24th. The bank reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.80 by $0.03. The bank had revenue of $106.01 million for the quarter, compared to analysts' expectations of $104.90 million. First Merchants had a net margin of 30.43% and a return on equity of 11.16%. 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, January 24th 2019. View Earnings Estimates for First Merchants.

What price target have analysts set for FRME?

4 brokerages have issued 1-year price targets for First Merchants' stock. Their predictions range from $47.00 to $52.00. On average, they expect First Merchants' share price to reach $48.6667 in the next year. This suggests a possible upside of 27.3% 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 2 hold ratings and 2 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?

Press coverage about FRME stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Merchants earned a news impact score of 2.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.

Who are some of First Merchants' key competitors?

Who are First Merchants' key executives?

First Merchants' management team includes the folowing people:
  • Mr. Michael C. Rechin, Pres, CEO & Director (Age 59)
  • Mr. Mark K. Hardwick, Exec. VP, CFO & COO (Age 47)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 49)
  • Mr. Michael J. Stewart, Exec. VP & Chief Banking Officer (Age 52)
  • 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 Vanguard Group Inc. (8.51%), BlackRock Inc. (6.87%), Dimensional Fund Advisors LP (5.19%), Vaughan Nelson Investment Management L.P. (2.91%), The Manufacturers Life Insurance Company (2.16%) and Bank of New York Mellon Corp (1.63%). 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, Terry L Walker and William L Hoy. 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 Vaughan Nelson Investment Management L.P., Dimensional Fund Advisors LP, Rothschild & Co. Asset Management US Inc., ClariVest Asset Management LLC, Panagora Asset Management Inc., Nordea Investment Management AB, Wells Fargo & Company MN and Allianz Asset Management GmbH. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, 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 First Trust Advisors LP, Russell Investments Group Ltd., BlackRock Inc., Federated Investors Inc. PA, Citadel Advisors LLC, Vanguard Group Inc., Morgan Stanley and Assenagon Asset Management S.A.. 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 $38.22.

How big of a company is First Merchants?

First Merchants has a market capitalization of $1.90 billion and generates $385.90 million in revenue each year. The bank earns $96.07 million in net income (profit) each year or $2.41 on an earnings per share basis. First Merchants employs 1,684 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 STREET, 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:  251 (Vote Outperform)
Underperform Votes:  309 (Vote Underperform)
Total Votes:  560
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 12/13/2018 by MarketBeat.com Staff

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