First Merchants Stock Forecast, Price & News

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 twelve months. 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 decline in short interest in the month of August. As of August 13th, there was short interest totaling 537,900 shares, a decline of 23.6% from the July 29th total of 704,300 shares. Based on an average daily volume of 169,200 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.0% of the company's stock are sold short.
View First Merchants' Short Interest.

When is First Merchants' next earnings date?

First Merchants is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for First Merchants.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) issued its earnings results on Sunday, July, 25th. The bank reported $1.03 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.92 by $0.11. The bank earned $135.15 million during the quarter, compared to the consensus estimate of $131.17 million. First Merchants had a trailing twelve-month return on equity of 10.09% and a net margin of 33.81%.
View First Merchants' earnings history.

How has First Merchants' stock been impacted by Coronavirus?

First Merchants' stock was trading at $29.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FRME shares have increased by 38.7% and is now trading at $40.46.
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. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend 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 2.88%. 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 brokers have issued 12 month price objectives for First Merchants' stock. Their forecasts range from $28.00 to $48.00. On average, they expect First Merchants' share price to reach $39.50 in the next twelve months. This suggests that the stock has a possible downside of 2.4%.
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.

Who are some of First Merchants' key competitors?

Some companies that are related to First Merchants include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and First Citizens BancShares (FCNCA).
View all of FRME's competitors.

What other stocks do shareholders of First Merchants own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Merchants investors own include BankFinancial (BFIN), Energy Transfer (ET), Main Street Capital (MAIN), Enterprise Products Partners (EPD), AbbVie (ABBV), Comerica (CMA), Huntington Bancshares (HBAN), International Business Machines (IBM), Iron Mountain (IRM) and JPMorgan Chase & Co. (JPM).

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.60%), BlackRock Inc. (7.20%), Dimensional Fund Advisors LP (4.85%), Cardinal Capital Management LLC CT (4.38%), State Street Corp (3.44%) and Goldman Sachs Group Inc. (2.68%). 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 and William L Hoy.
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 BlackRock Inc., Bank of New York Mellon Corp, California Public Employees Retirement System, Millennium Management LLC, JPMorgan Chase & Co., Russell Investments Group Ltd., Monarch Partners Asset Management LLC, and Goldman Sachs Group Inc.. 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 major investors are buying First Merchants stock?

FRME stock was purchased by a variety of institutional investors in the last quarter, including ProShare Advisors LLC, State Street Corp, M&G Investment Management Ltd., Victory Capital Management Inc., Bank of Montreal Can, Systematic Financial Management LP, Vanguard Group Inc., and Nuveen Asset Management LLC. 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.
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What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $40.46.

How much money does First Merchants make?

First Merchants has a market capitalization of $2.19 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].