NASDAQ:FRMEFirst Merchants Stock Price, Forecast & News

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 decreased by 15.3% and is now trading at $24.71. View which stocks have been most impacted by Coronavirus.

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

First Merchants is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for First Merchants.

First Merchants will be holding an earnings conference call on Thursday, July 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

First Merchants Co. (NASDAQ:FRME) issued its quarterly earnings results on Thursday, April, 23rd. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The bank earned $123.68 million during the quarter, compared to analysts' expectations of $120.83 million. First Merchants had a return on equity of 9.50% and a net margin of 27.85%. View First Merchants' earnings history.

First Merchants announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Friday, June 5th will be given a dividend of $0.26 per share on Friday, June 19th. This represents a $1.04 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Thursday, June 4th. View First Merchants' dividend history.

3 equities research analysts have issued 12 month price targets for First Merchants' stock. Their forecasts range from $29.00 to $30.00. On average, they expect First Merchants' share price to reach $29.50 in the next twelve months. This suggests a possible upside of 19.4% from the stock's current price. View analysts' price targets for First Merchants.

Media coverage about FRME stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. First Merchants earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about First Merchants.

Some companies that are related to First Merchants include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Merchants investors own include BankFinancial (BFIN), Main Street Capital (MAIN), AbbVie (ABBV), Marathon Petroleum (MPC), ONEOK (OKE), Steel Dynamics (STLD), Exxon Mobil (XOM), Bristol-Myers Squibb (BMY), Dominion Energy (D) and Enbridge (ENB).

First Merchants trades on the NASDAQ under the ticker symbol "FRME."

First Merchants' stock is owned by a variety of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.06%). 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.

FRME stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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.

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.

One share of FRME stock can currently be purchased for approximately $24.71.

First Merchants has a market capitalization of $1.34 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.

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

First Merchants' mailing address is 200 EAST JACKSON STREET, MUNCIE IN, 47305. The bank can be reached via phone at 765-747-2814 or via email at [email protected]