First Merchants Corporation Company Profile (NASDAQ:FRME)

About First Merchants Corporation (NASDAQ:FRME)

First Merchants Corporation logoFirst Merchants Corporation is a financial holding company. The Company has a bank charter, First Merchants Bank (the Bank), which is opened for business in Muncie, Indiana. It operates through community banking business segment. The Bank also operates Lafayette Bank and Trust, and First Merchants Private Wealth Advisors (each as a division of First Merchants Bank). As of July 17, 2017, the Bank included 122 banking centers in Indiana, Illinois and Ohio counties. In addition to its branch network, the Company's delivery channels include automated teller machines, check cards and Internet technology. Through the Bank, it offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, letters of credit and repurchase agreements.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:FRME
  • CUSIP: 32081710
  • Web: www.firstmerchants.com
Capitalization:
  • Market Cap: $2.13 billion
  • Outstanding Shares: 49,121,000
Average Prices:
  • 50 Day Moving Avg: $41.43
  • 200 Day Moving Avg: $40.46
  • 52 Week Range: $26.55 - $44.36
P/E:
  • Trailing P/E Ratio: 19.83
  • Foreward P/E Ratio: 16.14
  • P/E Growth: 2.65
Sales & Book Value:
  • Annual Revenue: $296.2 million
  • Price / Sales: 7.20
  • Book Value: $23.98 per share
  • Price / Book: 1.81
Dividend:
  • Annual Dividend: $0.72
  • Dividend Yield: 1.7%
Profitability:
  • Net Margins: 27.04%
  • Return on Equity: 9.63%
  • Return on Assets: 1.24%
Debt:
  • Debt-to-Equity Ratio: 0.43%
  • Current Ratio: 0.92%
  • Quick Ratio: 0.92%
Misc:
  • Average Volume: 251,505 shs.
  • Beta: 0.94
  • Short Ratio: 4.86
 

Frequently Asked Questions for First Merchants Corporation (NASDAQ:FRME)

What is First Merchants Corporation's stock symbol?

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

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

First Merchants Corporation declared a quarterly dividend on Monday, August 14th. Investors of record on Friday, September 1st will be paid a dividend of $0.18 per share on Friday, September 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, August 30th. View First Merchants Corporation's Dividend History.

How were First Merchants Corporation's earnings last quarter?

First Merchants Corporation (NASDAQ:FRME) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.57 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.55 by $0.02. The company had revenue of $81.53 million for the quarter, compared to analyst estimates of $78.75 million. First Merchants Corporation had a return on equity of 9.63% and a net margin of 27.04%. View First Merchants Corporation's Earnings History.

When will First Merchants Corporation make its next earnings announcement?

First Merchants Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for First Merchants Corporation.

Where is First Merchants Corporation's stock going? Where will First Merchants Corporation's stock price be in 2017?

2 analysts have issued twelve-month price targets for First Merchants Corporation's shares. Their forecasts range from $44.00 to $46.00. On average, they expect First Merchants Corporation's share price to reach $45.00 in the next year. View Analyst Ratings for First Merchants Corporation.

Who are some of First Merchants Corporation's key competitors?

Who are First Merchants Corporation's key executives?

First Merchants Corporation's management team includes the folowing people:

  • Charles E. Schalliol, Independent Chairman of the Board
  • Michael C. Rechin, President, Chief Executive Officer, Director
  • Mark K. Hardwick, Chief Financial Officer, Chief Operating Officer, Executive Vice President
  • Michele Kawiecki, Finance Director, Senior Vice President
  • John J. Martin, Executive Vice President, Chief Credit Officer
  • Michael J. Stewart, Executive Vice President, Chief Banking Officer
  • Stephan H. Fluhler, Senior Vice President, Chief Information Officer
  • Jeffrey B. Lorentson, Chief Risk Officer, Senior Vice President
  • Michael J. Fisher, Director
  • Michael R. Becher, Independent Director

Who owns First Merchants Corporation stock?

First Merchants Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.43%), Park National Corp OH (0.32%), Mutual of America Capital Management LLC (0.21%), Shell Asset Management Co. (0.19%), Fisher Asset Management LLC (0.15%) and Monarch Capital Management Inc. (0.02%). Company insiders that own First Merchants Corporation stock include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, John Martin, Mark K Hardwick, Michael C Rechin, Michael J Stewart, Michael R Becher, Patrick A Sherman, Roderick English, Stephan Fluhler, Terry L Walker and William L Hoy. View Institutional Ownership Trends for First Merchants Corporation.

Who bought First Merchants Corporation stock? Who is buying First Merchants Corporation stock?

First Merchants Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Park National Corp OH, Shell Asset Management Co., Robeco Institutional Asset Management B.V., Mutual of America Capital Management LLC, Monarch Capital Management Inc., Fisher Asset Management LLC and Meeder Asset Management Inc.. Company insiders that have bought First Merchants Corporation stock in the last two years include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, Michael J Stewart, Michael R Becher and Patrick A Sherman. View Insider Buying and Selling for First Merchants Corporation.

How do I buy First Merchants Corporation stock?

Shares of First Merchants Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Merchants Corporation's stock price today?

One share of First Merchants Corporation stock can currently be purchased for approximately $43.42.


MarketBeat Community Rating for First Merchants Corporation (NASDAQ FRME)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  112 (Vote Outperform)
Underperform Votes:  133 (Vote Underperform)
Total Votes:  245
MarketBeat's community ratings are surveys of what our community members think about First Merchants Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for First Merchants Corporation (NASDAQ:FRME) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $45.00 (3.64% upside)
Consensus Price Target History for First Merchants Corporation (NASDAQ:FRME)
Price Target History for First Merchants Corporation (NASDAQ:FRME)
Analysts' Ratings History for First Merchants Corporation (NASDAQ:FRME)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/6/2017Piper Jaffray CompaniesReiterated RatingNeutral -> Neutral$46.00N/AView Rating Details
4/5/2017Keefe, Bruyette & WoodsReiterated RatingBuy$44.00MediumView Rating Details
9/28/2016DA DavidsonBoost Price TargetBuy$29.00 -> $30.00N/AView Rating Details
1/29/2016StephensUpgradeEqual Weight -> OverweightN/AView Rating Details
12/16/2015SunTrust Banks, Inc.Initiated CoverageNeutral$27.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for First Merchants Corporation (NASDAQ:FRME)
Earnings by Quarter for First Merchants Corporation (NASDAQ:FRME)
Earnings History by Quarter for First Merchants Corporation (NASDAQ FRME)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$0.57N/AView Earnings Details
7/27/2017Q2 2017$0.55$0.57$78.75 million$81.53 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.52$0.56$76.65 million$75.85 millionViewN/AView Earnings Details
1/26/2017Q416$0.50$0.55$75.35 million$74.49 millionViewN/AView Earnings Details
10/25/2016Q316$0.49$0.51$74.50 million$74.54 millionViewListenView Earnings Details
7/26/2016Q216$0.46$0.49$73.90 million$72.35 millionViewListenView Earnings Details
4/26/2016Q116$0.41$0.43$71.15 million$70.78 millionViewListenView Earnings Details
1/28/2016Q415$0.44$0.37$67.40 million$64.84 millionViewListenView Earnings Details
10/22/2015Q315$0.44$0.45$66.80 million$67.22 millionViewListenView Earnings Details
7/23/2015Q215$0.45$0.47$64.31 million$73.66 millionViewListenView Earnings Details
4/23/2015Q115$0.42$0.43$64.14 million$63.20 millionViewN/AView Earnings Details
1/27/2015Q414$0.41$0.41$65.00 million$65.70 millionViewN/AView Earnings Details
10/23/2014Q3$0.43$0.45$62.23 million$66.16 millionViewListenView Earnings Details
7/24/2014Q214$0.41$0.41$62.20 million$62.05 millionViewN/AView Earnings Details
4/24/2014Q114$0.39$0.38$61.09 million$61.08 millionViewN/AView Earnings Details
1/28/2014Q413$0.33$0.34ViewN/AView Earnings Details
10/24/2013Q313$0.35$0.35$50.76 millionViewN/AView Earnings Details
7/25/2013Q2 2013$0.32$0.34ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for First Merchants Corporation (NASDAQ:FRME)
2017 EPS Consensus Estimate: $2.14
2018 EPS Consensus Estimate: $2.48
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.48$0.52$0.50
Q2 20173$0.50$0.55$0.53
Q3 20174$0.52$0.56$0.54
Q4 20173$0.55$0.59$0.57
Q1 20182$0.55$0.59$0.57
Q2 20182$0.56$0.62$0.59
Q3 20182$0.58$0.67$0.63
Q4 20181$0.69$0.69$0.69
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for First Merchants Corporation (NASDAQ:FRME)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.72
Dividend Yield:1.66%
Payout Ratio:32.88% (Trailing 12 Months of Earnings)
31.03% (Based on This Year's Estimates)
26.77% (Based on Next Year's Estimates)
Dividend Payments by Quarter for First Merchants Corporation (NASDAQ:FRME)

Dividend History by Quarter for First Merchants Corporation (NASDAQ FRME)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/14/2017quarterly$0.181.81%8/30/20179/1/20179/15/2017
5/2/2017quarterly$0.181.73%5/31/20176/2/20176/16/2017
2/13/2017quarterly$0.151.47%3/1/20173/3/20173/17/2017
11/16/2016Quarterly$0.151.81%11/30/201612/2/201612/16/2016
8/15/2016quarterly$0.142.07%8/31/20169/2/20169/16/2016
5/3/2016quarterly$0.142.22%6/1/20166/3/20166/17/2016
2/11/2016quarterly$0.112%3/2/20163/4/20163/18/2016
11/19/2015quarterly$0.111.63%12/2/201512/4/201512/18/2015
8/17/2015quarterly$0.111.67%9/2/20159/4/20159/18/2015
5/5/2015quarterly$0.111.96%6/3/20156/5/20156/19/2015
2/26/2015quarterly$0.081.42%3/5/20153/9/20153/20/2015
11/14/2014quarterly$0.081.45%12/3/201412/5/201412/19/2014
8/15/2014quarterly$0.081.59%9/3/20149/5/20149/19/2014
4/18/2014quarterly$0.081.49%6/4/20146/6/20146/20/2014
2/14/2014quarterly$0.050.96%3/5/20143/7/20143/21/2014
11/20/2013quarterly$0.050.99%12/4/201312/6/201312/20/2013
8/22/2013quarterly$0.051.1%9/4/20139/6/20139/20/2013
4/9/2013quarterly$0.051.33%5/30/20136/3/20136/17/2013
3/5/2013quarterly$0.033/13/20133/15/20133/20/2013
3/4/2013quarterly$0.030.79%2/28/20133/4/20133/18/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for First Merchants Corporation (NASDAQ:FRME)
Insider Ownership Percentage: 1.41%
Institutional Ownership Percentage: 67.35%
Insider Trades by Quarter for First Merchants Corporation (NASDAQ:FRME)
Institutional Ownership by Quarter for First Merchants Corporation (NASDAQ:FRME)
Insider Trades by Quarter for First Merchants Corporation (NASDAQ:FRME)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/2/2017Patrick A ShermanDirectorBuy12$42.72$512.64View SEC Filing  
9/1/2017Gary LehmanDirectorBuy42$39.28$1,649.76View SEC Filing  
8/9/2017Mark K HardwickInsiderSell1,851$39.69$73,466.19View SEC Filing  
8/1/2017Patrick A. ShermanDirectorBuy12$40.14$481.68View SEC Filing  
7/3/2017Patrick A ShermanDirectorBuy12$40.44$485.28View SEC Filing  
6/14/2017Terry L. WalkerDirectorSell1,221$42.30$51,648.30View SEC Filing  
6/1/2017Gary LehmanDirectorBuy41$40.23$1,649.43View SEC Filing  
5/1/2017Gary LehmanDirectorBuy40$41.89$1,675.60View SEC Filing  
4/3/2017Patrick A ShermanDirectorBuy13$38.96$506.48View SEC Filing  
3/21/2017Stephan FluhlerInsiderSell1,800$38.60$69,480.00View SEC Filing  
3/13/2017William L HoyDirectorSell5,657$39.92$225,827.44View SEC Filing  
3/1/2017Patrick A. ShermanDirectorBuy12$41.08$492.96View SEC Filing  
2/1/2017Gary LehmanDirectorBuy6,880$16.23$111,662.40View SEC Filing  
1/3/2017Gary LehmanDirectorBuy44$37.72$1,659.68View SEC Filing  
12/30/2016Patrick A ShermanDirectorBuy13$37.72$490.36View SEC Filing  
12/16/2016Michael J. StewartInsiderSell5,000$36.59$182,950.00View SEC Filing  
12/5/2016John MartinInsiderSell2,565$35.37$90,724.05View SEC Filing  
12/1/2016Gary LehmanDirectorBuy49$34.33$1,682.17View SEC Filing  
11/29/2016Michael C RechinPresidentSell12,713$34.14$434,021.82View SEC Filing  
11/18/2016Mark K. HardwickInsiderSell7,700$33.14$255,178.00View SEC Filing  
11/1/2016Gary LehmanDirectorBuy59$28.25$1,666.75View SEC Filing  
10/3/2016Gary LehmanDirectorBuy63$26.62$1,677.06View SEC Filing  
9/1/2016Gary LehmanDirectorBuy61$27.15$1,656.15View SEC Filing  
8/25/2016Michael J. StewartInsiderSell3,500$27.24$95,340.00View SEC Filing  
8/18/2016John MartinInsiderSell5,000$26.92$134,600.00View SEC Filing  
8/1/2016Gary LehmanDirectorBuy64$26.17$1,674.88View SEC Filing  
6/1/2016Patrick A ShermanDirectorBuy19$25.95$493.05View SEC Filing  
5/13/2016Roderick EnglishDirectorSell2,500$24.90$62,250.00View SEC Filing  
5/2/2016Gary LehmanDirectorBuy65$25.64$1,666.60View SEC Filing  
4/1/2016Gary LehmanDirectorBuy71$23.38$1,659.98View SEC Filing  
4/1/2016Jeffrey B LorentsonSVPBuy15$20.04$300.60View SEC Filing  
4/1/2016Michael J StewartEVPBuy45$20.04$901.80View SEC Filing  
3/23/2016Roderick EnglishDirectorSell1,500$23.29$34,935.00View SEC Filing  
3/1/2016Patrick A. ShermanDirectorBuy22$22.34$491.48View SEC Filing  
2/5/2016Charles E. SchalliolDirectorBuy1,000$22.52$22,520.00View SEC Filing  
2/1/2016Gary LehmanDirectorBuy75$22.26$1,669.50View SEC Filing  
12/31/2015Michael J StewartEVPBuy47$22.38$1,051.86View SEC Filing  
12/14/2015Michael R BecherDirectorBuy150$25.36$3,804.00View SEC Filing  
3/23/2015Kimberly J EllingtonSVPSell1,600$23.62$37,792.00View SEC Filing  
2/27/2015Roderick EnglishDirectorSell3,000$22.73$68,190.00View SEC Filing  
11/13/2014Terry L WalkerDirectorBuy1,000$22.23$22,230.00View SEC Filing  
9/18/2014Charles E SchalliolDirectorBuy1,000$20.22$20,220.00View SEC Filing  
4/29/2014Roderick EnglishDirectorSell4,500$21.31$95,895.00View SEC Filing  
3/13/2014William HoyDirectorSell2,473$21.94$54,257.62View SEC Filing  
12/9/2013Terry WalkerDirectorSell6,125$21.38$130,952.50View SEC Filing  
12/3/2013John MartinSVPSell5,981$20.55$122,909.55View SEC Filing  
9/20/2013Mark HardwickEVPSell2,332$17.24$40,203.68View SEC Filing  
6/21/2013Roderick EnglishDirectorSell2,000$16.79$33,580.00View SEC Filing  
6/20/2013Michael J StewartEVPSell12,300$17.00$209,100.00View SEC Filing  
2/25/2013John MartinSVPSell1,099$14.81$16,276.19View SEC Filing  
2/25/2013Mark K HardwickEVPSell3,280$14.81$48,576.80View SEC Filing  
2/25/2013Michael C RechinPresidentSell4,725$14.81$69,977.25View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

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First Merchants Corporation (FRME) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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