NASDAQ:FRMEFirst Merchants Stock Price, Forecast & News

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. 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.

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.

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 Co. (NASDAQ:FRME) released its quarterly earnings data 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 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. Stockholders of record on Friday, June 5th will be paid 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.

3 analysts have issued 1-year price targets for First Merchants' shares. Their forecasts range from $29.00 to $44.00. On average, they anticipate First Merchants' stock price to reach $34.33 in the next twelve months. This suggests a possible upside of 37.5% from the stock's current price. View analysts' price targets for First Merchants.

News articles about FRME stock have been trending extremely negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First Merchants earned a coverage optimism score of -4.5 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutFirst Merchants.

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

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.

FRME stock was purchased 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.

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 $24.97.

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.

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]