NASDAQ:FRME - First Merchants Stock Price, News, & Analysis

$36.15
-0.24 (-0.66 %)
(As of 06/24/2019 06:00 AM ET)
Today's Range
$35.91
Now: $36.15
$36.70
50-Day Range
$33.25
MA: $35.65
$37.86
52-Week Range
$32.49
Now: $36.15
$50.44
Volume736,828 shs
Average Volume271,031 shs
Market Capitalization$1.80 billion
P/E Ratio11.09
Dividend Yield2.88%
Beta0.99
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, as well as rents safe deposit facilities. The company also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services, as well as electronic and mobile delivery channels. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$484.40 million
Cash Flow$3.3817 per share
Book Value$28.36 per share

Profitability

Net Income$159.14 million

Miscellaneous

Employees1,702
Market Cap$1.80 billion
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable

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First Merchants (NASDAQ:FRME) Frequently Asked Questions

What is First Merchants' stock symbol?

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

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

First Merchants announced a quarterly dividend on Friday, May 10th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.26 per share on Friday, June 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, May 17th. This is a positive change from First Merchants's previous quarterly dividend of $0.22. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) issued its quarterly earnings results on Thursday, April, 25th. The bank reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.02. The bank earned $103.58 million during the quarter, compared to analysts' expectations of $107.28 million. First Merchants had a return on equity of 11.59% and a net margin of 32.34%. View First Merchants' Earnings History.

When is First Merchants' next earnings date?

First Merchants is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for First Merchants.

What price target have analysts set for FRME?

5 Wall Street analysts have issued 1 year price objectives for First Merchants' shares. Their predictions range from $39.00 to $47.00. On average, they anticipate First Merchants' stock price to reach $43.00 in the next twelve months. This suggests a possible upside of 18.9% from the stock's current price. View Analyst Price Targets for First Merchants.

What is the consensus analysts' recommendation for First Merchants?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Merchants.

Has First Merchants been receiving favorable news coverage?

Media coverage about FRME stock has trended somewhat positive on Monday, according to InfoTrie Sentiment. The research group identifies negative and positive 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 news impact score of 1.6 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for First Merchants.

Are investors shorting First Merchants?

First Merchants saw a increase in short interest in May. As of May 31st, there was short interest totalling 1,164,800 shares, an increase of 13.4% from the April 30th total of 1,027,100 shares. Based on an average daily volume of 198,900 shares, the short-interest ratio is presently 5.9 days. Currently, 2.4% of the company's shares are short sold. View First Merchants' Current Options Chain.

Who are some of First Merchants' key competitors?

What other stocks do shareholders of First Merchants own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Merchants investors own include BankFinancial (BFIN), Venus Metals (VMC), Goodyear Tire & Rubber (GT), Sirius XM (SIRI), Ball (BLL), ConocoPhillips (COP), Steelcase (SCS), Appian (APPN), Coupa Software (COUP) and Amicus Therapeutics (FOLD).

Who are First Merchants' key executives?

First Merchants' management team includes the folowing people:
  • Mr. Michael C. Rechin, Pres, CEO & Director (Age 60)
  • Mr. Mark K. Hardwick, Exec. VP, CFO & COO (Age 48)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 50)
  • Mr. Michael J. Stewart, Exec. VP & Chief Banking Officer (Age 53)
  • Ms. Nicole M. Weaver, VP & Director of Corp. Admin.

Who are First Merchants' major shareholders?

First Merchants' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (2.91%), The Manufacturers Life Insurance Company (2.12%), FMR LLC (2.09%), Boston Partners (1.47%), Kennedy Capital Management Inc. (0.72%) and Nordea Investment Management AB (0.56%). Company insiders that own First Merchants stock include Charles E Schalliol, Gary Lehman, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michele Kawiecki, Patrick A Sherman, Stephan Fluhler and Terry L Walker. View Institutional Ownership Trends for First Merchants.

Which major investors are selling First Merchants stock?

FRME stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Marshall Wace LLP, Dean Investment Associates LLC, Pier Capital LLC, Vaughan Nelson Investment Management L.P., Algert Global LLC, FMR LLC and First Quadrant L P CA. Company insiders that have sold First Merchants company stock in the last year include Charles E Schalliol, Michael C Marhenke and Michael C Rechin. View Insider Buying and Selling for First Merchants.

Which major investors are buying First Merchants stock?

FRME stock was acquired by a variety of institutional investors in the last quarter, including First Merchants Corp, Kennedy Capital Management Inc., Los Angeles Capital Management & Equity Research Inc., Martingale Asset Management L P, Advisor Partners LLC, Nordea Investment Management AB, Boston Advisors LLC and Boston Partners. 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $36.15.

How big of a company is First Merchants?

First Merchants has a market capitalization of $1.80 billion and generates $484.40 million in revenue each year. The bank earns $159.14 million in net income (profit) each year or $3.22 on an earnings per share basis. First Merchants employs 1,702 workers across the globe.View Additional Information About First Merchants.

What is First Merchants' official website?

The official website for First Merchants is http://www.firstmerchants.com/.

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]


MarketBeat Community Rating for First Merchants (NASDAQ FRME)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  279 (Vote Outperform)
Underperform Votes:  351 (Vote Underperform)
Total Votes:  630
MarketBeat's community ratings are surveys of what our community members think about First Merchants and other stocks. Vote "Outperform" if you believe FRME will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRME will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/24/2019 by MarketBeat.com Staff

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