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"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
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Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
NASDAQ:FRME

First Merchants (FRME) Stock Forecast, Price & News

$27.69
-0.08 (-0.29%)
(As of 09/26/2023 ET)
Compare
Today's Range
$27.53
$28.32
50-Day Range
$27.38
$32.81
52-Week Range
$24.52
$45.04
Volume
167,294 shs
Average Volume
219,193 shs
Market Capitalization
$1.65 billion
P/E Ratio
6.35
Dividend Yield
4.91%
Price Target
$38.00

First Merchants MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
37.2% Upside
$38.00 Price Target
Short Interest
Healthy
0.83% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.76
Upright™ Environmental Score
News Sentiment
0.89mentions of First Merchants in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$14,729 Bought Last Quarter
Proj. Earnings Growth
-13.42%
From $3.95 to $3.42 Per Share

Overall MarketRank

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

3.16 out of 5 stars

Finance Sector

38th out of 832 stocks

National Commercial Banks Industry

10th out of 82 stocks


FRME stock logo

About First Merchants (NASDAQ:FRME) Stock

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. The company was founded in 1893 and is headquartered in Muncie, Indiana.

FRME Price History

FRME Stock News Headlines

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
Q2 2023 First Merchants Corp Earnings Call
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
Earnings Outlook For First Merchants
8-K: FIRST MERCHANTS CORP
What 4 Analyst Ratings Have To Say About First Merchants
Q1 2023 First Merchants Corp Earnings Call
Earnings Preview For First Merchants
Here's what Wall Street expects from First Merchants's earnings
FRME First Merchants Corporation
See More Headlines
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FRME Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/27/2023
Next Earnings (Estimated)
10/24/2023
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
$38.00
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+37.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$222.09 million
Pretax Margin
34.26%

Debt

Sales & Book Value

Annual Sales
$712.95 million
Cash Flow
$4.35 per share
Book Value
$33.74 per share

Miscellaneous

Free Float
58,939,000
Market Cap
$1.65 billion
Optionable
Optionable
Beta
1.08

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Mark K. HardwickMr. Mark K. Hardwick (Age 52)
    CEO & Director
    Comp: $1.25M
  • Mr. Michael J. Stewart (Age 57)
    Pres
    Comp: $1.07M
  • Ms. Michele M. Kawiecki (Age 50)
    Exec. VP, CFO & Principal Accounting Officer
    Comp: $714.93k
  • Mr. Stephan H. FluhlerMr. Stephan H. Fluhler (Age 54)
    Sr. VP & Chief Information Officer
    Comp: $591.69k
  • Mr. Michael C. RechinMr. Michael C. Rechin (Age 64)
    Advisor & Director
    Comp: $48.16k
  • Mr. John J. Martin (Age 56)
    Exec. VP & Chief Credit Officer
    Comp: $691.3k
  • Mr. Marcos Nogues C.F.A.
    Chief Investment Officer
  • Ms. Nicole M. Weaver
    VP & Director of Corp. Admin.
  • Mr. Brian T. Hunt (Age 63)
    Sec. & Legal Counsel
  • Mr. Steven C. Harris (Age 59)
    Sr. VP & Chief HR Officer













FRME Stock - Frequently Asked Questions

Should I buy or sell First Merchants stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last twelve months. There are currently 1 buy rating 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?

1 brokerages have issued twelve-month target prices for First Merchants' shares. Their FRME share price forecasts range from $36.00 to $40.00. On average, they predict the company's share price to reach $38.00 in the next twelve months. This suggests a possible upside of 37.2% 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 beginning of the year. Since then, FRME shares have decreased by 32.6% and is now trading at $27.69.
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, October 24th 2023.
View our FRME earnings forecast
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings data on Tuesday, July, 25th. The bank reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by $0.02. The bank had revenue of $247.68 million for the quarter, compared to the consensus estimate of $171.80 million. First Merchants had a trailing twelve-month return on equity of 12.93% and a net margin of 29.25%. During the same quarter in the prior year, the business posted $1.01 EPS.

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

First Merchants announced a quarterly dividend on Tuesday, August 8th. Shareholders of record on Friday, September 1st will be given a dividend of $0.34 per share on Friday, September 15th. This represents a $1.36 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for FRME
.

What ETFs hold First Merchants' stock?
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 4.97%. 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 31.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRME will have a dividend payout ratio of 39.77% 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.19%), Dimensional Fund Advisors LP (4.76%), Earnest Partners LLC (4.75%), State Street Corp (3.05%), Cardinal Capital Management LLC CT (2.93%) and Geode Capital Management LLC (2.04%). Insiders that own company stock include Charles E Schalliol, Gary Lehman, Jason R Sondhi, 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 $27.69.

How much money does First Merchants make?

First Merchants (NASDAQ:FRME) has a market capitalization of $1.65 billion and generates $712.95 million in revenue each year. The bank earns $222.09 million in net income (profit) each year or $4.36 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 9/27/2023 by MarketBeat.com Staff

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