NASDAQ:FRMEFirst Merchants Stock Price, Forecast & News

First Merchants' stock was trading at $29.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FRME stock has decreased by 18.9% and is now trading at $23.67. 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) released its earnings results on Thursday, April, 23rd. The bank reported $0.62 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.05. The bank had revenue of $123.68 million for the quarter, compared to the consensus estimate of $120.83 million. First Merchants had a net margin of 27.85% and a return on equity of 9.50%. View First Merchants' earnings history.

First Merchants declared a quarterly dividend on Wednesday, May 13th. Investors 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 dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, June 4th. View First Merchants' dividend history.

3 analysts have issued 12 month target prices 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 24.6% from the stock's current price. View analysts' price targets for First Merchants.

Media headlines about FRME stock have been trending somewhat negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. First Merchants earned a daily sentiment score of -1.8 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. 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), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), 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 number 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 acquired 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 $23.67.

First Merchants has a market capitalization of $1.28 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]