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NASDAQ:FRMEFirst Merchants Stock Price, Forecast & News

$24.97
-0.40 (-1.58 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$24.74
Now: $24.97
$25.73
50-Day Range
$22.94
MA: $25.96
$29.45
52-Week Range
$21.18
Now: $24.97
$42.48
Volume100,078 shs
Average Volume182,092 shs
Market Capitalization$1.35 billion
P/E Ratio8.24
Dividend Yield4.16%
Beta1.19
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; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services, as well as electronic and mobile delivery channels. It operates 116 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1982 and is headquartered in Muncie, Indiana.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.12 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-2814

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$552.09 million
Cash Flow$3.37 per share
Book Value$32.07 per share

Profitability

Net Income$164.46 million

Miscellaneous

Employees1,891
Market Cap$1.35 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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First Merchants (NASDAQ:FRME) Frequently Asked Questions

How has First Merchants' stock been impacted by COVID-19 (Coronavirus)?

First Merchants' stock was trading at $29.18 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FRME stock has decreased by 14.4% and is now trading at $24.97. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Merchants?

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

When is First Merchants' next earnings date?

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

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) posted its earnings results on Thursday, April, 23rd. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.05. The bank had revenue of $123.68 million for the quarter, compared to analyst estimates 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.

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

First Merchants announced a quarterly dividend on Wednesday, May 13th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Thursday, June 4th. View First Merchants' dividend history.

What price target have analysts set for FRME?

3 brokers have issued twelve-month target prices for First Merchants' shares. Their forecasts range from $29.00 to $44.00. On average, they expect First Merchants' share price to reach $34.33 in the next year. This suggests a possible upside of 37.5% from the stock's current price. View analysts' price targets for First Merchants.

Has First Merchants been receiving favorable news coverage?

News articles about FRME stock have been trending negative on Tuesday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First Merchants earned a news impact score of -2.1 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutFirst Merchants.

Who are some of First Merchants' key 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), 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).

Who are First Merchants' key executives?

First Merchants' management team includes the following 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.

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.44%), State Street Corp (2.55%), Vaughan Nelson Investment Management L.P. (1.92%), Bank of New York Mellon Corp (1.54%), Victory Capital Management Inc. (1.53%) and Victory Capital Management Inc. (1.53%). 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.

Which major investors are selling First Merchants stock?

FRME stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., The Manufacturers Life Insurance Company , Victory Capital Management Inc., Victory Capital Management Inc., AQR Capital Management LLC, Mutual of America Capital Management LLC, Bank of New York Mellon Corp, and Morgan Stanley. Company insiders that have sold First Merchants company stock in the last year include Charles E Schalliol, Jeffrey B Lorentson, Michael C Rechin, Michael J Stewart, and Stephan Fluhler. View insider buying and selling activity for First Merchants.

Which major investors are buying First Merchants stock?

FRME stock was bought by a variety of institutional investors in the last quarter, including Neumeier Poma Investment Counsel LLC, Nuveen Asset Management LLC, JPMorgan Chase & Co., Geode Capital Management LLC, FDx Advisors Inc., FDx Advisors Inc., Mackay Shields LLC, and AlphaCrest Capital Management LLC. 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $24.97.

How big of a company is First Merchants?

First Merchants has a market capitalization of $1.35 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.

What is First Merchants' official website?

The official website for First Merchants is 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 765-747-2814 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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