S&P 500   5,137.08
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Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
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In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
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Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
NASDAQ:FRME

First Merchants (FRME) Stock Price, News & Analysis

$32.76
-0.44 (-1.33%)
(As of 03/1/2024 ET)
Today's Range
$32.16
$33.39
50-Day Range
$32.76
$37.94
52-Week Range
$24.52
$41.07
Volume
190,969 shs
Average Volume
253,539 shs
Market Capitalization
$1.95 billion
P/E Ratio
8.76
Dividend Yield
4.15%
Price Target
$38.00

First Merchants MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.0% Upside
$38.00 Price Target
Short Interest
Healthy
0.75% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.61mentions of First Merchants in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$476,412 Sold Last Quarter
Proj. Earnings Growth
3.56%
From $3.37 to $3.49 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.84 out of 5 stars

Finance Sector

57th out of 859 stocks

National Commercial Banks Industry

7th out of 86 stocks


FRME stock logo

About First Merchants Stock (NASDAQ:FRME)

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 Stock Price History

FRME Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
First Merchants declares $0.34 dividend
First Merchants Corporation Announces Cash Dividend
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
KBW Reaffirms Their Buy Rating on First Merchants (FRME)
Q4 2023 First Merchants Corp Earnings Call
Dividend Contenders List Ranked By Yield: Top 25
See More Headlines
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Company Calendar

Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Last Earnings
1/25/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Today
3/02/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FRME
CUSIP
32081710
Employees
2,124
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$38.00
High Stock Price Target
$40.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+16.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$223.79 million
Pretax Margin
31.09%

Debt

Sales & Book Value

Annual Sales
$999.49 million
Cash Flow
$4.25 per share
Book Value
$33.74 per share

Miscellaneous

Free Float
58,640,000
Market Cap
$1.95 billion
Optionable
Optionable
Beta
1.07

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FRME Stock Analysis - Frequently Asked Questions

Should I buy or sell First Merchants stock right now?

2 Wall Street 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 analysts is that investors should "buy" FRME shares.
View FRME analyst ratings
or view top-rated stocks.

What is First Merchants' stock price target for 2024?

2 brokerages have issued 1-year target prices for First Merchants' stock. Their FRME share price targets range from $36.00 to $40.00. On average, they predict the company's share price to reach $38.00 in the next year. This suggests a possible upside of 16.0% 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 2024?

First Merchants' stock was trading at $37.08 at the beginning of 2024. Since then, FRME shares have decreased by 11.7% and is now trading at $32.76.
View the best growth stocks for 2024 here
.

Are investors shorting First Merchants?

First Merchants saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 447,500 shares, an increase of 11.9% from the January 31st total of 400,000 shares. Based on an average trading volume of 242,000 shares, the days-to-cover ratio is presently 1.8 days.
View First Merchants' Short Interest
.

When is First Merchants' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our FRME earnings forecast
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) posted its quarterly earnings results on Thursday, January, 25th. The bank reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The bank earned $156.51 million during the quarter, compared to the consensus estimate of $158.50 million. First Merchants had a trailing twelve-month return on equity of 11.14% and a net margin of 22.39%.

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

First Merchants declared a quarterly dividend on Tuesday, February 6th. Stockholders of record on Friday, March 1st will be given a dividend of $0.34 per share on Friday, March 15th. This represents a $1.36 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, February 29th.
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 4.10%. 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 36.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRME will have a dividend payout ratio of 38.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FRME.

What ETFs hold First Merchants' stock?
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?
Who are First Merchants' major shareholders?

First Merchants' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.06%), Dimensional Fund Advisors LP (5.18%), Victory Capital Management Inc. (1.65%), Principal Financial Group Inc. (1.56%), Boston Partners (1.45%) and Goldman Sachs Group Inc. (1.44%). Insiders that own company stock include Charles E Schalliol, Gary Lehman, Jason R Sondhi, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael R Becher, Patrick A Sherman, Patrick J Fehring and Stephan Fluhler.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FRME) was last updated on 3/2/2024 by MarketBeat.com Staff