NASDAQ:FRME - First Merchants Stock Price, Price Target & More

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

First Merchants declared a quarterly dividend on Thursday, May 10th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.22 per share on Friday, June 15th. This represents a $0.88 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, May 31st. This is a positive change from First Merchants's previous quarterly dividend of $0.18. View First Merchants' Dividend History.

First Merchants Co. (NASDAQ:FRME) posted its quarterly earnings results on Thursday, April, 26th. The bank reported $0.74 EPS for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.04. The bank had revenue of $99.48 million for the quarter, compared to analyst estimates of $98.35 million. First Merchants had a return on equity of 9.82% and a net margin of 26.33%. View First Merchants' Earnings History.

First Merchants is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for First Merchants.

2 brokerages have issued 1 year price targets for First Merchants' stock. Their forecasts range from $48.00 to $52.00. On average, they anticipate First Merchants' share price to reach $50.00 in the next year. View Analyst Ratings for First Merchants.

Some companies that are related to First Merchants include Cullen/Frost Bankers (CFR), PacWest Bancorp (PACW), CIT Group (CIT), Synovus Financial (SNV), BOK Financial (BOKF), Akbank T.A.S. (AKBTY), First Horizon National (FHN), Webster Financial (WBS), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), F.N.B. (FNB), TCF Financial (TCF), Valley National Bancorp (VLY), MB Financial (MBFI) and UMB Financial (UMBF).

Media stories about FRME stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Merchants earned a news impact score of 0.08 on Accern's scale. They also assigned news articles about the bank an impact score of 45.95 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

First Merchants' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (5.85%), BlackRock Inc. (5.83%), Vaughan Nelson Investment Management L.P. (3.66%), Cardinal Capital Management LLC CT (2.57%), The Manufacturers Life Insurance Company (2.07%) and Northern Trust Corp (2.00%). Company insiders that own First Merchants stock include Gary Lehman, John Martin, 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.

FRME stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Hsbc Holdings PLC, Lord Abbett & CO. LLC, Vaughan Nelson Investment Management L.P., JPMorgan Chase & Co., Federated Investors Inc. PA, Comerica Bank and BNP Paribas Arbitrage SA. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Rechin, Michael J Stewart, Michele Kawiecki and Stephan Fluhler. View Insider Buying and Selling for First Merchants.

FRME stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Cardinal Capital Management LLC CT, Boston Partners, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Maltese Capital Management LLC, WINTON GROUP Ltd and Algert Global LLC. 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.

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.

One share of FRME stock can currently be purchased for approximately $46.86.

First Merchants has a market capitalization of $2.35 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.

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]