First Merchants Stock Forecast, Price & News

First Merchants' stock was trading at $29.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FRME shares have increased by 39.9% and is now trading at $40.82.
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3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" First Merchants stock.
View analyst ratings for First Merchants or view MarketBeat's top 5 stock picks.

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First Merchants is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for First Merchants.

First Merchants will be holding an earnings conference call on Thursday, January 28th 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) issued its earnings results on Wednesday, October, 28th. The bank reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.03. The bank had revenue of $119.08 million for the quarter, compared to analyst estimates of $118.50 million. First Merchants had a return on equity of 8.50% and a net margin of 26.65%.
View First Merchants' earnings history.

First Merchants declared a quarterly dividend on Monday, November 9th. Shareholders of record on Friday, December 4th will be given a dividend of $0.26 per share on Friday, December 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, December 3rd.
View First Merchants' dividend history.

First Merchants pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.51%. The dividend payout ratio of First Merchants is 30.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Merchants will have a dividend payout ratio of 41.60% next year. This indicates that First Merchants will be able to sustain or increase its dividend.
View First Merchants' dividend history.

3 brokers have issued 12-month target prices for First Merchants' stock. Their forecasts range from $28.00 to $35.00. On average, they expect First Merchants' share price to reach $30.67 in the next year. This suggests that the stock has a possible downside of 24.9%.
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Some companies that are related to First Merchants include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), Signature Bank (SBNY), First Horizon (FHN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other First Merchants investors own include BankFinancial (BFIN), Energy Transfer (ET), Main Street Capital (MAIN), Enterprise Products Partners (EPD), AbbVie (ABBV), Comerica (CMA), Huntington Bancshares (HBAN), International Business Machines (IBM), Iron Mountain (IRM) and JPMorgan Chase & Co. (JPM).

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 Park National Corp OH (0.13%) and Ullmann Financial Group Inc. (0.01%). 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 and Stephan Fluhler.
View institutional ownership trends for First Merchants.

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 Michael C Rechin, and Michael J Stewart.
View insider buying and selling activity for First Merchants or view top insider-selling stocks.

FRME stock was bought by a variety of institutional investors in the last quarter, including Ullmann Financial Group Inc.. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Mark K Hardwick, Michael C Marhenke, and Patrick A Sherman.
View insider buying and selling activity for First Merchants or or view top insider-buying stocks.

Shares of FRME can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FRME stock can currently be purchased for approximately $40.82.

First Merchants has a market capitalization of $2.21 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 765-747-1500 or via email at [email protected]