NASDAQ:FRME

First Merchants Stock Forecast, Price & News

$46.78
+0.22 (+0.47 %)
(As of 04/16/2021 12:00 AM ET)
Add
Compare
Today's Range
$46.43
Now: $46.78
$47.47
50-Day Range
$42.05
MA: $46.71
$50.04
52-Week Range
$21.18
Now: $46.78
$50.65
Volume90,387 shs
Average Volume178,316 shs
Market Capitalization$2.54 billion
P/E Ratio16.83
Dividend Yield2.22%
Beta1.32
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. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 124 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
First Merchants logo

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500
Employees1,907
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$552.09 million
Cash Flow$3.86 per share
Book Value$32.07 per share

Profitability

Net Income$164.46 million

Miscellaneous

Market Cap$2.54 billion
Next Earnings Date4/22/2021 (Confirmed)
OptionableOptionable

Headlines

First Merchants CorpShs hosts conference call for investors
April 6, 2021 |  markets.businessinsider.com
First Merchants Reaches Analyst Target Price
February 3, 2021 |  nasdaq.com
Preview: First Merchants's Earnings
January 27, 2021 |  finance.yahoo.com
Is FRME A Good Stock To Buy Now?
December 17, 2020 |  finance.yahoo.com
First Merchants to acquire Hoosier Trust Company
November 9, 2020 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.82 out of 5 stars

Finance Sector

312th out of 1,955 stocks

National Commercial Banks Industry

40th out of 164 stocks

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$46.78
+0.22 (+0.47 %)
(As of 04/16/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive FRME News and Ratings via Email

Sign-up to receive the latest news and ratings for FRME and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











First Merchants (NASDAQ:FRME) Frequently Asked Questions

Is First Merchants a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" First Merchants stock.
View analyst ratings for First Merchants
or view top-rated stocks.

What stocks does MarketBeat like better than First Merchants?

Wall Street analysts have given First Merchants a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First Merchants wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is First Merchants' next earnings date?

First Merchants is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for First Merchants
.

How can I listen to First Merchants' earnings call?

First Merchants will be holding an earnings conference call on Thursday, April 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) issued its earnings results on Wednesday, January, 27th. The bank reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.17. The bank earned $129.79 million during the quarter, compared to analysts' expectations of $119.95 million. First Merchants had a net margin of 26.65% and a trailing twelve-month return on equity of 8.50%.
View First Merchants' earnings history
.

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

First Merchants' stock was trading at $29.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FRME shares have increased by 60.3% and is now trading at $46.78.
View which stocks have been most impacted by COVID-19
.

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

First Merchants declared a quarterly dividend on Thursday, February 11th. Shareholders of record on Friday, March 5th will be paid a dividend of $0.26 per share on Friday, March 19th. This represents a $1.04 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, March 4th.
View First Merchants' dividend history
.

Is First Merchants a good dividend stock?

First Merchants pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.22%. First Merchants does not yet have a strock track record of dividend growth. 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.

What price target have analysts set for FRME?

3 equities research analysts have issued 1 year price objectives for First Merchants' stock. Their forecasts range from $28.00 to $46.00. On average, they expect First Merchants' stock price to reach $36.33 in the next year. This suggests that the stock has a possible downside of 22.3%.
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:
  • Mr. Mark K. Hardwick, CEO & Director (Age 50, Pay $613.56k)
  • Mr. Michael J. Stewart, Pres (Age 55, Pay $562.36k)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 52, Pay $361.89k)
  • Mr. Michael C. Rechin, Advisor & Director (Age 62, Pay $1.14M)
  • Mr. John J. Martin, Exec. VP & Chief Credit Officer (Age 54, Pay $426.19k)
  • Ms. Michele M. Kawiecki, Exec. VP, CFO & Principal Accounting Officer (Age 48)
  • Ms. Nicole M. Weaver, VP & Director of Corp. Admin.
  • Mr. Brian T. Hunt, Sec. & Legal Counsel (Age 61)
  • Ms. Karen Evens, VP & Director of Marketing
  • Mr. Steven C. Harris, Sr. VP & Director of HR (Age 57)

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.

Who are some of First Merchants' key competitors?

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 many different institutional and retail investors. Top institutional investors include Park National Corp OH (0.09%), Indiana Trust & Investment Management CO (0.03%), Atlas Brown Inc. (0.01%) and First Bank & Trust (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, Stephan Fluhler 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 Park National Corp OH, Atlas Brown Inc., and Indiana Trust & Investment Management CO. Company insiders that have sold First Merchants company stock in the last year include Michael C Marhenke, Michael C Rechin, Michael J Stewart, 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 purchased by a variety of institutional investors in the last quarter, including First Bank & Trust. 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 $46.78.

How much money does First Merchants make?

First Merchants has a market capitalization of $2.54 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.

How many employees does First Merchants have?

First Merchants employs 1,907 workers across the globe.

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 or via email at [email protected]


This page was last updated on 4/17/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.