S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
S&P 500   4,574.79
DOW   35,756.88
QQQ   379.12
NASDAQ:FRME

First Merchants Stock Forecast, Price & News

$43.32
-0.03 (-0.07 %)
(As of 10/26/2021 12:00 AM ET)
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Today's Range
$42.86
$43.86
50-Day Range
$38.04
$43.44
52-Week Range
$24.29
$50.65
Volume143,561 shs
Average Volume168,373 shs
Market Capitalization$2.35 billion
P/E Ratio12.59
Dividend Yield2.68%
Beta1.29
30 days | 90 days | 365 days | Advanced Chart
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First Merchants logo

About First Merchants

First Merchants Corp. (Indiana) is a 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.

Headlines

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Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FRME
CUSIP
32081710
Employees
1,907
Year Founded
1982

Sales & Book Value

Annual Sales
$558.43 million
Cash Flow
$3.30 per share
Book Value
$34.57 per share

Profitability

Net Income
$148.60 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$2.35 billion
Next Earnings Date
N/A
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.54 out of 5 stars

Finance Sector

201st out of 1,338 stocks

National Commercial Banks Industry

19th out of 109 stocks

Analyst Opinion: 1.5Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -












First Merchants (NASDAQ:FRME) Frequently Asked Questions

Is First Merchants a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" First Merchants stock.
View analyst ratings for First Merchants
or view top-rated stocks.

What stocks does MarketBeat like better than First Merchants?

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

Are investors shorting First Merchants?

First Merchants saw a increase in short interest in September. As of September 15th, there was short interest totaling 583,800 shares, an increase of 21.4% from the August 31st total of 480,900 shares. Based on an average daily volume of 173,600 shares, the short-interest ratio is presently 3.4 days. Approximately 1.1% of the shares of the company are short sold.
View First Merchants' Short Interest
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings results on Tuesday, October, 26th. The bank reported $0.98 EPS for the quarter, beating the Zacks' consensus estimate of $0.92 by $0.06. First Merchants had a trailing twelve-month return on equity of 10.09% and a net margin of 33.81%. During the same period last year, the company posted $0.67 EPS.
View First Merchants' earnings history
.

How has First Merchants' stock been impacted by Coronavirus (COVID-19)?

First Merchants' stock was trading at $29.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FRME shares have increased by 48.5% and is now trading at $43.32.
View which stocks have been most impacted by COVID-19
.

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

First Merchants declared a quarterly dividend on Tuesday, August 10th. Investors of record on Friday, September 3rd will be paid a dividend of $0.29 per share on Friday, September 17th. This represents a $1.16 annualized dividend and a yield of 2.68%. The ex-dividend date is Thursday, September 2nd.
View First Merchants' dividend history
.

Is First Merchants a good dividend stock?

First Merchants pays an annual dividend of $1.16 per share and currently has a dividend yield of 2.68%. First Merchants does not yet have a strong track record of dividend growth. The dividend payout ratio of First Merchants is 42.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Merchants will have a dividend payout ratio of 33.62% next year. This indicates that First Merchants will be able to sustain or increase its dividend.
View First Merchants' dividend history.

What price target have analysts set for FRME?

4 brokerages have issued 12-month target prices for First Merchants' shares. Their forecasts range from $28.00 to $48.00. On average, they anticipate First Merchants' share price to reach $39.50 in the next year. This suggests that the stock has a possible downside of 8.8%.
View analysts' price targets for First Merchants
or view top-rated stocks among Wall Street analysts.

Who are First Merchants' key executives?

First Merchants' management team includes the following people:
  • Mark K. Hardwick, Director, Chief Executive & Operating Officer (LinkedIn Profile)
  • Michael J. Stewart, President
  • Michele M. Kawiecki, EVP, Chief Financial & Accounting Officer
  • Stephan H. Fluhler, Chief Information Officer & Senior Vice President
  • John J. Martin, Chief Credit Officer & Executive Vice President

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

48 employees have rated First Merchants CEO Michael C. Rechin on Glassdoor.com. Michael C. Rechin has an approval rating of 82% among First Merchants' 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 many different retail and institutional investors. Top institutional investors include Strs Ohio (0.30%), Fisher Asset Management LLC (0.14%), Virginia Retirement Systems ET AL (0.06%), OLD National Bancorp IN (0.05%), Private Advisor Group LLC (0.04%) and Denali Advisors LLC (0.03%). Company insiders that own First Merchants stock include Gary Lehman, Jeffrey B Lorentson, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michael R Becher, Patrick A Sherman, Patrick A Sherman and William L Hoy.
View institutional ownership trends for First Merchants
.

Which institutional investors are selling First Merchants stock?

FRME stock was sold by a variety of institutional investors in the last quarter, including Denali Advisors LLC, OLD National Bancorp IN, and Private Advisor Group LLC. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Marhenke, Michael R Becher, and William L Hoy.
View insider buying and selling activity for First Merchants
or view top insider-selling stocks.

Which institutional investors are buying First Merchants stock?

FRME stock was acquired by a variety of institutional investors in the last quarter, including Strs Ohio, Fisher Asset Management LLC, and Virginia Retirement Systems ET AL. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Mark K Hardwick, Michael C Marhenke, and Patrick A Sherman.
View insider buying and selling activity for First Merchants
or or view top insider-buying stocks.

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 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 $43.32.

How much money does First Merchants make?

First Merchants has a market capitalization of $2.35 billion and generates $558.43 million in revenue each year. The bank earns $148.60 million in net income (profit) each year or $2.74 on an earnings per share basis.

How many employees does First Merchants have?

First Merchants employs 1,907 workers across the globe.

When was First Merchants founded?

First Merchants was founded in 1982.

What is First Merchants' official website?

The official website for First Merchants is www.firstmerchants.com.

Where are First Merchants' headquarters?

First Merchants is headquartered at 200 EAST JACKSON STREET, MUNCIE IN, 47305.

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 10/27/2021 by MarketBeat.com Staff

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