NASDAQ:FRME - First Merchants Stock Price, News, & Analysis

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$36.84 +0.35 (+0.96 %)
(As of 01/16/2019 04:55 AM ET)
Previous Close$36.49
Today's Range$36.17 - $36.8850
52-Week Range$32.49 - $50.44
Volume152,490 shs
Average Volume162,464 shs
Market Capitalization$1.82 billion
P/E Ratio15.29
Dividend Yield2.40%
Beta0.98
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. The company also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services. It operates 119 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company's delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

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Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500

Debt

Current Ratio0.93
Quick Ratio0.92

Price-To-Earnings

Sales & Book Value

Annual Sales$385.90 million
Price / Sales4.74
Cash Flow$2.3938 per share
Price / Cash Flow15.39
Book Value$26.51 per share
Price / Book1.39

Profitability

Net Income$96.07 million
Net Margins30.43%
Return on Assets1.55%

Miscellaneous

Employees1,684
Market Cap$1.82 billion
OptionableOptionable

First Merchants (NASDAQ:FRME) Frequently Asked Questions

What is First Merchants' stock symbol?

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

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

First Merchants declared a quarterly dividend on Thursday, November 8th. Investors of record on Friday, December 7th will be paid a dividend of $0.22 per share on Friday, December 21st. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, December 6th. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) posted its quarterly earnings results on Wednesday, October, 24th. The bank reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. The bank earned $106.01 million during the quarter, compared to analyst estimates of $104.90 million. First Merchants had a net margin of 30.43% and a return on equity of 11.16%. View First Merchants' Earnings History.

When is First Merchants' next earnings date?

First Merchants is scheduled to release their next quarterly earnings announcement on Thursday, January 31st 2019. View Earnings Estimates for First Merchants.

What price target have analysts set for FRME?

4 brokerages have issued 12-month price objectives for First Merchants' stock. Their forecasts range from $47.00 to $52.00. On average, they anticipate First Merchants' stock price to reach $48.6667 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price. View Analyst Price Targets for First Merchants.

What is the consensus analysts' recommendation for First Merchants?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Merchants.

Has First Merchants been receiving favorable news coverage?

Media stories about FRME stock have been trending negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First Merchants earned a media sentiment score of -2.5 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the next several days.

Are investors shorting First Merchants?

First Merchants saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 921,485 shares, an increase of 44.1% from the December 14th total of 639,680 shares. Based on an average trading volume of 219,378 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.9% of the company's shares are sold short. View First Merchants' Current Options Chain.

Who are some of First Merchants' key competitors?

Who are First Merchants' key executives?

First Merchants' management team includes the folowing people:
  • Mr. Michael C. Rechin, Pres, CEO & Director (Age 60)
  • Mr. Mark K. Hardwick, Exec. VP, CFO & COO (Age 48)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 50)
  • Mr. Michael J. Stewart, Exec. VP & Chief Banking Officer (Age 53)
  • Ms. Nicole M. Weaver, VP & Director of Corp. Admin.

Who are First Merchants' major shareholders?

First Merchants' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Park National Corp OH (0.16%), First Financial Bank Trust Division (0.15%) and CX Institutional (0.00%). Company insiders that own First Merchants stock include Gary Lehman, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michele Kawiecki, Patrick A Sherman, Stephan Fluhler, Terry L Walker 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 Park National Corp OH. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michele Kawiecki and Stephan Fluhler. View Insider Buying and Selling for First Merchants.

Which major investors are buying First Merchants stock?

FRME stock was acquired by a variety of institutional investors in the last quarter, including First Financial Bank Trust Division and CX Institutional. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Michael C Marhenke, Patrick A Sherman and Terry L Walker. View Insider Buying and Selling for First Merchants.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $36.84.

How big of a company is First Merchants?

First Merchants has a market capitalization of $1.82 billion and generates $385.90 million in revenue each year. The bank earns $96.07 million in net income (profit) each year or $2.41 on an earnings per share basis. First Merchants employs 1,684 workers across the globe.

What is First Merchants' official website?

The official website for First Merchants is http://www.firstmerchants.com.

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]


MarketBeat Community Rating for First Merchants (NASDAQ FRME)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  312 (Vote Underperform)
Total Votes:  565
MarketBeat's community ratings are surveys of what our community members think about First Merchants and other stocks. Vote "Outperform" if you believe FRME will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRME will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/16/2019 by MarketBeat.com Staff

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