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

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$48.85 +0.20 (+0.41 %)
(As of 08/19/2018 04:00 PM ET)
Previous Close$48.85
Today's Range$48.66 - $49.06
52-Week Range$37.09 - $50.44
Volume102,122 shs
Average Volume154,194 shs
Market Capitalization$2.35 billion
P/E Ratio20.27
Dividend Yield1.83%
Beta0.89
First Merchants logoFirst 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
SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500

Debt

Debt-to-Equity Ratio0.45
Current Ratio0.93
Quick Ratio0.93

Price-To-Earnings

Trailing P/E Ratio20.27
Forward P/E Ratio15.56
P/E Growth2.15

Sales & Book Value

Annual Sales$385.90 million
Price / Sales6.27
Cash Flow$2.4585 per share
Price / Cash19.87
Book Value$26.51 per share
Price / Book1.84

Profitability

EPS (Most Recent Fiscal Year)$2.41
Net Income$96.07 million
Net Margins28.09%
Return on Equity10.52%
Return on Assets1.47%

Miscellaneous

Employees1,684
Outstanding Shares49,560,000
Market Cap$2.35 billion

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 Tuesday, August 14th. Shareholders of record on Friday, September 7th will be given a dividend of $0.22 per share on Friday, September 21st. This represents a $0.88 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 6th. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings results on Wednesday, July, 25th. The bank reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.05. The bank had revenue of $102.76 million for the quarter, compared to the consensus estimate of $101.57 million. First Merchants had a return on equity of 10.52% and a net margin of 28.09%. 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, October, 25th 2018. View Earnings Estimates for First Merchants.

What price target have analysts set for FRME?

3 equities research analysts have issued 1 year target prices for First Merchants' stock. Their forecasts range from $48.00 to $52.00. On average, they expect First Merchants' stock price to reach $50.00 in the next year. This suggests a possible upside of 2.4% from the stock's current price. View Analyst Price Targets for First Merchants.

What is the consensus analysts' recommendation for First Merchants?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for First Merchants.

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 Weaver, Investor Relations

Has First Merchants been receiving favorable news coverage?

News articles about FRME stock have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Merchants earned a coverage optimism score of 0.18 on Accern's scale. They also gave news headlines about the bank an impact score of 47.08 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for First Merchants.

Who are First Merchants' major shareholders?

First Merchants' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.68%), Dimensional Fund Advisors LP (5.67%), Vaughan Nelson Investment Management L.P. (3.69%), FMR LLC (2.13%), Bank of New York Mellon Corp (1.62%) and Renaissance Technologies LLC (1.47%). Company insiders that own First Merchants stock include Gary Lehman, John Martin, 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 FMR LLC, Dimensional Fund Advisors LP, Millennium Management LLC, First Merchants Corp, Dean Capital Management, Dean Investment Associates LLC, Bank of America Corp DE and Fisher Asset Management LLC. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Eagle Asset Management Inc., Pier Capital LLC, United Services Automobile Association, WBI Investments Inc., Bowling Portfolio Management LLC, Mutual of America Capital Management LLC and Schwab Charles Investment Management Inc.. 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 $48.85.

How big of a company is First Merchants?

First Merchants has a market capitalization of $2.35 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.

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:  233 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  518
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 8/19/2018 by MarketBeat.com Staff

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