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NASDAQ:FRME

First Merchants - FRME Stock Forecast, Price & News

$42.74
-0.48 (-1.11%)
(As of 08/19/2022 09:41 AM ET)
Add
Compare
Today's Range
$42.74
$42.89
50-Day Range
$34.55
$43.95
52-Week Range
$34.07
$46.12
Volume
267 shs
Average Volume
154,228 shs
Market Capitalization
$2.54 billion
P/E Ratio
12.53
Dividend Yield
2.96%
Price Target
$47.00

First Merchants MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
10.0% Upside
$47.00 Price Target
Short Interest
Healthy
1.41% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
1.07mentions of First Merchants in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$399,360 Sold Last Quarter
Proj. Earnings Growth
12.29%
From $4.07 to $4.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Finance Sector

286th out of 914 stocks

National Commercial Banks Industry

32nd out of 88 stocks

FRME stock logo

About First Merchants (NASDAQ:FRME) Stock

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 public finance. 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 109 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.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Raymond James raised shares of First Merchants from an "outperform" rating to a "strong-buy" rating and set a $48.00 target price on the stock in a report on Thursday, July 7th. Piper Sandler boosted their target price on shares of First Merchants to $46.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th.

First Merchants Stock Performance

FRME Stock traded down $0.33 on Friday, hitting $42.89. The company's stock had a trading volume of 229 shares, compared to its average volume of 154,228. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 12.67 and a beta of 1.13. The firm has a 50 day moving average of $38.21 and a two-hundred day moving average of $40.37. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. First Merchants has a 1 year low of $34.07 and a 1 year high of $46.12.

First Merchants Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Thursday, September 1st. First Merchants's dividend payout ratio is currently 37.54%.

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FRME Stock News Headlines

First Merchants (FRME) Q1 Earnings Top Estimates
Associated Banc-Corp (ASB) Q1 Earnings Top Estimates
FRME Crosses Below Key Moving Average Level
See More Headlines
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FRME Company Calendar

Last Earnings
10/25/2021
Ex-Dividend for 6/17 Dividend
6/02/2022
Dividend Payable
6/17/2022
Today
8/19/2022
Ex-Dividend for 9/16 Dividend
9/01/2022
Dividend Payable
9/16/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FRME
CUSIP
32081710
Employees
1,821
Year Founded
1982

Price Target and Rating

Average Stock Price Forecast
$47.00
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+10.0%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$205.53 million
Pretax Margin
36.94%

Debt

Sales & Book Value

Annual Sales
$555.96 million
Cash Flow
$3.96 per share
Book Value
$32.82 per share

Miscellaneous

Free Float
58,752,000
Market Cap
$2.54 billion
Optionable
Optionable
Beta
1.13

Social Links


Key Executives

  • Mr. Mark K. HardwickMr. Mark K. Hardwick (Age 51)
    CEO & Director
    Comp: $1.09M
  • Mr. Michael J. Stewart (Age 56)
    Pres
    Comp: $962.98k
  • Ms. Michele M. Kawiecki (Age 49)
    Exec. VP, CFO & Principal Accounting Officer
    Comp: $601.55k
  • Mr. Stephan H. FluhlerMr. Stephan H. Fluhler (Age 53)
    Sr. VP & Chief Information Officer
    Comp: $527.17k
  • Mr. Michael C. Rechin (Age 63)
    Advisor & Director
    Comp: $45.18k
  • Mr. John J. Martin (Age 55)
    Exec. VP & Chief Credit Officer
    Comp: $595.75k
  • Mr. Marcos Nogues C.F.A.
    Chief Investment Officer
  • Ms. Nicole M. Weaver
    VP & Director of Corp. Admin.
  • Mr. Brian T. Hunt (Age 62)
    Sec. & Legal Counsel
  • Ms. Karen Evens
    VP & Director of Marketing













FRME Stock - Frequently Asked Questions

Should I buy or sell First Merchants stock 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 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FRME shares.
View FRME analyst ratings
or view top-rated stocks.

What is First Merchants' stock price forecast for 2022?

3 Wall Street analysts have issued 1 year price objectives for First Merchants' stock. Their FRME share price forecasts range from $46.00 to $48.00. On average, they predict the company's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
View analysts price targets for FRME
or view top-rated stocks among Wall Street analysts.

How have FRME shares performed in 2022?

First Merchants' stock was trading at $41.89 at the beginning of the year. Since then, FRME stock has increased by 3.2% and is now trading at $43.22.
View the best growth stocks for 2022 here
.

When is First Merchants' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our FRME earnings forecast
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) issued its earnings results on Monday, October, 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. The bank earned $133.22 million during the quarter, compared to the consensus estimate of $132.07 million. First Merchants had a trailing twelve-month return on equity of 11.04% and a net margin of 32.28%. During the same quarter in the previous year, the company earned $0.67 earnings per share.

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

First Merchants declared a quarterly dividend on Wednesday, August 10th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.32 per share on Friday, September 16th. This represents a $1.28 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, September 1st.
Read our dividend analysis for FRME
.

Is First Merchants a good dividend stock?

First Merchants (NASDAQ:FRME) pays an annual dividend of $1.28 per share and currently has a dividend yield of 2.96%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRME will have a dividend payout ratio of 28.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FRME.

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

48 employees have rated First Merchants Chief Executive Officer Michael C. Rechin on Glassdoor.com. Michael C. Rechin has an approval rating of 82% among the company's 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 many different retail and institutional investors. Top institutional investors include State Street Corp (3.16%), Principal Financial Group Inc. (1.75%), Goldman Sachs Group Inc. (1.73%), William Blair Investment Management LLC (1.59%), Victory Capital Management Inc. (1.43%) and PL Capital Advisors LLC (1.27%). Insiders that own company stock include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, Mark K Hardwick, Michael C Marhenke, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michael R Becher, Patrick A Sherman, Patrick A Sherman, Patrick J Fehring, Stephan Fluhler and William L Hoy.
View institutional ownership trends
.

How do I buy shares of First Merchants?

Shares of FRME stock 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 $43.22.

How much money does First Merchants make?

First Merchants (NASDAQ:FRME) has a market capitalization of $2.57 billion and generates $555.96 million in revenue each year. The bank earns $205.53 million in net income (profit) each year or $3.41 on an earnings per share basis.

How many employees does First Merchants have?

The company employs 1,821 workers across the globe.

When was First Merchants founded?

First Merchants was founded in 1982.

How can I contact First Merchants?

First Merchants' mailing address is 200 EAST JACKSON STREET, MUNCIE IN, 47305. The official website for the company is www.firstmerchants.com. The bank can be reached via phone at (765) 747-1500, via email at nweaver@firstmerchants.com, or via fax at 765-282-6304.

This page (NASDAQ:FRME) was last updated on 8/19/2022 by MarketBeat.com Staff

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