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NASDAQ:FRME

First Merchants Stock Forecast, Price & News

$33.24
-0.10 (-0.30 %)
(As of 11/23/2020 01:26 PM ET)
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Compare
Today's Range
$33.14
Now: $33.24
$34.18
50-Day Range
$23.49
MA: $27.11
$33.49
52-Week Range
$21.18
Now: $33.24
$42.48
Volume7,022 shs
Average Volume219,778 shs
Market Capitalization$1.80 billion
P/E Ratio11.96
Dividend Yield3.12%
Beta1.17
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. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 128 banking locations in thirty Indiana, two Illinois, two Ohio, and two Michigan counties. The company offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
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First Merchants logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.12 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500
Employees1,891

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$552.09 million
Cash Flow$4.36 per share
Book Value$32.07 per share

Profitability

Net Income$164.46 million

Miscellaneous

Market Cap$1.80 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$33.24
-0.10 (-0.30 %)
(As of 11/23/2020 01:26 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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First Merchants (NASDAQ:FRME) Frequently Asked Questions

How has First Merchants' stock price been impacted by COVID-19?

First Merchants' stock was trading at $29.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FRME shares have increased by 13.9% and is now trading at $33.24.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of First Merchants?

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

What stocks does MarketBeat like better than First Merchants?

Wall Street analysts have given First Merchants a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First Merchants wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is First Merchants' next earnings date?

First Merchants is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for First Merchants
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) released its quarterly earnings data on Wednesday, October, 28th. The bank reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. First Merchants had a net margin of 26.65% and a return on equity of 8.55%.
View First Merchants' earnings history
.

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

First Merchants announced a quarterly dividend on Monday, November 9th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.26 per share on Friday, December 18th. This represents a $1.04 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 3rd.
View First Merchants' dividend history
.

What price target have analysts set for FRME?

3 equities research analysts have issued twelve-month price targets for First Merchants' stock. Their forecasts range from $28.00 to $35.00. On average, they anticipate First Merchants' share price to reach $30.67 in the next twelve months. This suggests that the stock has a possible downside of 7.7%.
View analysts' price targets for First Merchants
.

Are investors shorting First Merchants?

First Merchants saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 398,700 shares, a decrease of 19.7% from the October 15th total of 496,800 shares. Based on an average daily trading volume, of 197,300 shares, the days-to-cover ratio is currently 2.0 days.
View First Merchants' Short Interest
.

Who are some of First Merchants' key competitors?

What other stocks do shareholders of First Merchants own?

Who are First Merchants' key executives?

First Merchants' management team includes the following people:
  • Mr. Michael C. Rechin, Pres, CEO & Director (Age 61, Pay $1.14M)
  • Mr. Mark K. Hardwick, Exec. VP, CFO, COO & Principal Accounting Officer (Age 49, Pay $613.56k)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 51, Pay $361.89k)
  • Mr. Michael J. Stewart, Exec. VP & Chief Banking Officer (Age 54, Pay $562.36k)
  • Mr. John J. Martin, Exec. VP & Chief Credit Officer (Age 53, Pay $426.19k)
  • Ms. Nicole M. Weaver, VP & Director of Corp. Admin.
  • Mr. Brian T. Hunt, Sec. & Legal Counsel (Age 60)
  • Ms. Karen Evens, VP & Director of Marketing
  • Mr. Steven C. Harris, Sr. VP & Director of HR (Age 56)
  • Mr. Jeffrey B. Lorentson, Sr. VP & Chief Risk Officer (Age 56)

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.06%), Earnest Partners LLC (5.04%), Cardinal Capital Management LLC CT (3.10%), State Street Corp (2.62%), The Manufacturers Life Insurance Company (1.33%) and Victory Capital Management Inc. (1.32%). Company insiders that own First Merchants stock include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Patrick A Sherman, Stephan Fluhler and Terry L Walker.
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 First Merchants Corp, BlackRock Inc., State Street Corp, Victory Capital Management Inc., Boston Partners, Public Employees Retirement Association of Colorado, Mackay Shields LLC, and The Manufacturers Life Insurance Company . Company insiders that have sold First Merchants company stock in the last year include Jeffrey B Lorentson, Michael C Rechin, and Michael J Stewart.
View insider buying and selling activity 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 Cardinal Capital Management LLC CT, Arrowstreet Capital Limited Partnership, Cambridge Investment Research Advisors Inc., ExodusPoint Capital Management LP, Thrivent Financial for Lutherans, Valeo Financial Advisors LLC, Denali Advisors LLC, and First Trust Advisors LP. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Mark K Hardwick, Michael C Marhenke, Patrick A Sherman, and Terry L Walker.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $33.24.

How big of a company is First Merchants?

First Merchants has a market capitalization of $1.80 billion and generates $552.09 million in revenue each year. The bank earns $164.46 million in net income (profit) each year or $3.46 on an earnings per share basis. First Merchants employs 1,891 workers across the globe.

What is First Merchants' official website?

The official website for First Merchants is 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]

This page was last updated on 11/23/2020 by MarketBeat.com Staff

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