S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:FRME

First Merchants Stock Forecast, Price & News

$40.59
-2.13 (-4.99%)
(As of 11/26/2021 12:00 AM ET)
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Today's Range
$39.83
$42.16
50-Day Range
$38.04
$43.50
52-Week Range
$33.13
$50.65
Volume
161,205 shs
Average Volume
169,011 shs
Market Capitalization
$2.19 billion
P/E Ratio
10.82
Dividend Yield
2.72%
Beta
1.23
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First Merchants logo

About First Merchants

First Merchants Corp. (Indiana) is a holding company, which engages in the provision of financial services. It also offers personal banking, business banking, mortgage lending, treasury management services, and wealth management. The company was founded in September 1982 and is headquartered in Muncie, IN.

Headlines

First Merchants Co. (NASDAQ:FRME) Plans Quarterly Dividend of $0.29
November 11, 2021 |  americanbankingnews.com
First Merchants declares $0.29 dividend
November 10, 2021 |  seekingalpha.com
First Merchants (NASDAQ:FRME) Stock Price Down 6.4%
November 4, 2021 |  americanbankingnews.com
First Merchants earnings: here's what Wall Street expects
October 24, 2021 |  markets.businessinsider.com
See More Headlines

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FRME
CUSIP
32081710
Employees
1,907
Year Founded
1982

Sales & Book Value

Annual Sales
$558.43 million
Cash Flow
$2.80 per share
Book Value
$34.65 per share

Profitability

Net Income
$148.60 million
Pretax Margin
42.60%

Debt

Price-To-Earnings

Miscellaneous

Free Float
53,184,000
Market Cap
$2.19 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/02/2021
Dividend Payable
9/17/2021
Last Earnings
10/25/2021
Today
11/28/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/27/2022

Social Links


MarketRank

Overall MarketRank

2.74 out of 5 stars

Finance Sector

125th out of 1,340 stocks

National Commercial Banks Industry

12th out of 108 stocks

Analyst Opinion: 2.5Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -












First Merchants (NASDAQ:FRME) Frequently Asked Questions

Is First Merchants a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" First Merchants stock.
View analyst ratings for First Merchants
or view top-rated stocks.

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

First Merchants' stock was trading at $29.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FRME shares have increased by 39.1% and is now trading at $40.59.
View which stocks have been most impacted by COVID-19
.

Are investors shorting First Merchants?

First Merchants saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 692,100 shares, an increase of 44.4% from the October 31st total of 479,300 shares. Based on an average daily volume of 165,500 shares, the days-to-cover ratio is presently 4.2 days. Approximately 1.3% of the shares of the stock are short sold.
View First Merchants' Short Interest
.

When is First Merchants' next earnings date?

First Merchants is scheduled to release its next quarterly earnings announcement on Thursday, January 27th 2022.
View our earnings forecast for First Merchants
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) issued its quarterly earnings results on Monday, October, 25th. The bank reported $0.98 EPS for the quarter, beating the consensus estimate of $0.91 by $0.07. The bank earned $133.22 million during the quarter, compared to analyst estimates of $132.07 million. First Merchants had a trailing twelve-month return on equity of 10.94% and a net margin of 36.19%. During the same period in the prior year, the business posted $0.67 earnings per share.
View First Merchants' earnings history
.

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

First Merchants declared a quarterly dividend on Thursday, November 11th. Stockholders of record on Friday, December 3rd will be given a dividend of $0.29 per share on Friday, December 17th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, December 2nd.
View First Merchants' dividend history
.

Is First Merchants a good dividend stock?

First Merchants pays an annual dividend of $1.16 per share and currently has a dividend yield of 2.72%. First Merchants does not yet have a strong track record of dividend growth. The dividend payout ratio of First Merchants is 30.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Merchants will have a dividend payout ratio of 32.68% next year. This indicates that First Merchants will be able to sustain or increase its dividend.
View First Merchants' dividend history.

What price target have analysts set for FRME?

2 brokerages have issued 12 month target prices for First Merchants' stock. Their forecasts range from $47.00 to $48.00. On average, they anticipate First Merchants' stock price to reach $47.50 in the next year. This suggests a possible upside of 17.0% from the stock's current price.
View analysts' price targets for First Merchants
or view top-rated stocks among Wall Street analysts.

Who are First Merchants' key executives?

First Merchants' management team includes the following people:
  • Mark K. Hardwick, Director, Chief Executive & Operating Officer (LinkedIn Profile)
  • Michael J. Stewart, President
  • Michele M. Kawiecki, EVP, Chief Financial & Accounting Officer
  • Stephan H. Fluhler, Chief Information Officer & Senior Vice President
  • John J. Martin, Chief Credit Officer & Executive Vice President

What is Michael C. Rechin's approval rating as First Merchants' CEO?

48 employees have rated First Merchants CEO Michael C. Rechin on Glassdoor.com. Michael C. Rechin has an approval rating of 82% among First Merchants' employees.

What other stocks do shareholders of First Merchants own?

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.91%), Dimensional Fund Advisors LP (4.77%), Cardinal Capital Management LLC CT (4.39%), Goldman Sachs Group Inc. (2.61%), Bank of New York Mellon Corp (1.78%) and Geode Capital Management LLC (1.65%). Company insiders that own First Merchants stock include Gary Lehman, Jeffrey B Lorentson, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michael R Becher, Patrick A Sherman, Patrick A Sherman and William L Hoy.
View institutional ownership trends for First Merchants
.

Which institutional investors are selling First Merchants stock?

FRME stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, Denali Advisors LLC, Geode Capital Management LLC, Dimensional Fund Advisors LP, Cambridge Investment Research Advisors Inc., Goldman Sachs Group Inc., and Schroder Investment Management Group. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Marhenke, Michael R Becher, and William L Hoy.
View insider buying and selling activity for First Merchants
or view top insider-selling stocks.

Which institutional investors are buying First Merchants stock?

FRME stock was bought by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Millennium Management LLC, Nordea Investment Management AB, Two Sigma Investments LP, Two Sigma Advisers LP, State of New Jersey Common Pension Fund D, SG Americas Securities LLC, and Monarch Partners Asset Management LLC. 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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $40.59.

How much money does First Merchants make?

First Merchants has a market capitalization of $2.19 billion and generates $558.43 million in revenue each year. The bank earns $148.60 million in net income (profit) each year or $3.75 on an earnings per share basis.

How many employees does First Merchants have?

First Merchants employs 1,907 workers across the globe.

When was First Merchants founded?

First Merchants was founded in 1982.

What is First Merchants' official website?

The official website for First Merchants is www.firstmerchants.com.

Where are First Merchants' headquarters?

First Merchants is headquartered at 200 EAST JACKSON STREET, MUNCIE IN, 47305.

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, via email at [email protected], or via fax at 765-282-6304.


This page was last updated on 11/28/2021 by MarketBeat.com Staff

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