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Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Stock market today: Asian stocks follow Wall St up after strong US jobs report
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
US Navy says Iran Revolutionary Guard fast-attack boats 'harassed' ship in Strait of Hormuz
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Switzerland's UBS says it could complete Credit Suisse takeover on June 12
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Stock market today: Asian stocks follow Wall St up after strong US jobs report
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
US Navy says Iran Revolutionary Guard fast-attack boats 'harassed' ship in Strait of Hormuz
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Switzerland's UBS says it could complete Credit Suisse takeover on June 12
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Stock market today: Asian stocks follow Wall St up after strong US jobs report
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
US Navy says Iran Revolutionary Guard fast-attack boats 'harassed' ship in Strait of Hormuz
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Switzerland's UBS says it could complete Credit Suisse takeover on June 12
NASDAQ:FRME

First Merchants (FRME) Stock Forecast, Price & News

$28.52
+1.76 (+6.58%)
(As of 06/2/2023 08:48 PM ET)
Compare
Today's Range
$27.08
$28.58
50-Day Range
$24.89
$33.95
52-Week Range
$24.52
$45.04
Volume
240,900 shs
Average Volume
215,642 shs
Market Capitalization
$1.70 billion
P/E Ratio
7.18
Dividend Yield
4.77%
Price Target
$44.67

First Merchants MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
56.6% Upside
$44.67 Price Target
Short Interest
Healthy
1.19% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.75
Upright™ Environmental Score
News Sentiment
0.90mentions of First Merchants in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-7.19%
From $4.17 to $3.87 Per Share

Overall MarketRank

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

3.00 out of 5 stars

Finance Sector

110th out of 871 stocks

National Commercial Banks Industry

18th out of 84 stocks


FRME stock logo

About First Merchants (NASDAQ:FRME) Stock

First Merchants Corp. (Indiana) is a bank holding company, which engages in the provision of financial services. It also offers personal banking, business banking, mortgage lending, treasury management services, and wealth management. The company was founded in September 1982 and is headquartered in Muncie, IN.

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FRME Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
8-K: FIRST MERCHANTS CORP
What 4 Analyst Ratings Have To Say About First Merchants
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Q1 2023 First Merchants Corp Earnings Call
Earnings Preview For First Merchants
Here's what Wall Street expects from First Merchants's earnings
First Merchants (FRME) to Release Earnings on Tuesday
FRME First Merchants Corporation
First Merchants declares $0.32 dividend
Raymond James Reaffirms Their Buy Rating on First Merchants (FRME)
See More Headlines

FRME Price History

FRME Company Calendar

Last Earnings
10/25/2021
Ex-Dividend for 3/17 Dividend
3/02/2023
Dividend Payable
3/17/2023
Ex-Dividend for 6/16 Dividend
6/01/2023
Today
6/04/2023
Dividend Payable
6/16/2023
Next Earnings (Estimated)
7/25/2023
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
$44.67
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+56.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$222.09 million
Pretax Margin
34.02%

Debt

Sales & Book Value

Annual Sales
$712.95 million
Cash Flow
$4.31 per share
Book Value
$35.14 per share

Miscellaneous

Free Float
58,893,000
Market Cap
$1.70 billion
Optionable
Optionable
Beta
1.05

Social Links


Key Executives

  • Mark K. HardwickMark K. Hardwick
    Chief Executive Officer & Director
  • Michael J. Stewart
    President
  • Michele M. Kawiecki
    Chief Financial & Accounting Officer, Executive VP
  • Stephan H. FluhlerStephan H. Fluhler
    Chief Information Officer & Senior Vice President
  • John J. Martin
    Chief Credit Officer & Executive Vice President













FRME Stock - Frequently Asked Questions

Should I buy or sell First Merchants stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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?

2 equities research analysts have issued 1-year target prices for First Merchants' stock. Their FRME share price forecasts range from $38.00 to $50.00. On average, they anticipate the company's stock price to reach $44.67 in the next year. This suggests a possible upside of 56.6% 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 at the start of the year. Since then, FRME shares have decreased by 30.6% and is now trading at $28.52.
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, July 25th 2023.
View our FRME earnings forecast
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) posted its earnings results on Monday, October, 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.07. The bank had revenue of $133.22 million for the quarter, compared to analysts' expectations of $132.07 million. First Merchants had a net margin of 29.37% and a trailing twelve-month return on equity of 13.18%. During the same quarter last year, the firm posted $0.67 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 Wednesday, May 10th. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.34 per share on Friday, June 16th. This represents a $1.36 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Thursday, June 1st. This is an increase from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for FRME
.

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 4.77%. 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 34.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRME will have a dividend payout ratio of 35.14% 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."

Who are First Merchants' major shareholders?

First Merchants' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.05%), Dimensional Fund Advisors LP (4.94%), State Street Corp (2.78%), Geode Capital Management LLC (1.95%), Principal Financial Group Inc. (1.56%) and Boston Partners (1.56%). Insiders that own company stock include Charles E Schalliol, Gary Lehman, Mark K Hardwick, Michael C Marhenke, Michael R Becher, Patrick A Sherman, Patrick A Sherman, Patrick J Fehring, Stephan Fluhler and William L Hoy.
View institutional ownership trends
.

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 $28.52.

How much money does First Merchants make?

First Merchants (NASDAQ:FRME) has a market capitalization of $1.70 billion and generates $712.95 million in revenue each year. The bank earns $222.09 million in net income (profit) each year or $3.97 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 6/5/2023 by MarketBeat.com Staff

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