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

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

First Merchants announced a quarterly dividend on Thursday, August 8th. Stockholders of record on Friday, September 6th will be given a dividend of $0.26 per share on Friday, September 20th. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, September 5th. View First Merchants' Dividend History.

First Merchants Co. (NASDAQ:FRME) posted its earnings results on Thursday, July, 25th. The bank reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.03. The bank earned $106.89 million during the quarter, compared to the consensus estimate of $109.10 million. First Merchants had a return on equity of 11.36% and a net margin of 31.66%. View First Merchants' Earnings History.

First Merchants is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for First Merchants.

5 equities research analysts have issued 12 month price targets for First Merchants' stock. Their forecasts range from $39.00 to $47.00. On average, they anticipate First Merchants' share price to reach $43.20 in the next year. This suggests a possible upside of 8.9% from the stock's current price. View Analyst Price Targets for First Merchants.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Merchants.

News stories about FRME stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Merchants earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for First Merchants.

First Merchants saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,550,800 shares, an increase of 24.4% from the July 31st total of 1,246,400 shares. Based on an average daily trading volume, of 253,900 shares, the days-to-cover ratio is presently 6.1 days. Currently, 3.2% of the shares of the stock are short sold. View First Merchants' Current Options Chain.

Some companies that are related to First Merchants include Akbank T.A.S. (AKBTY), Synovus Financial (SNV), BOK Financial (BOKF), Cullen/Frost Bankers (CFR), First Horizon National (FHN), PacWest Bancorp (PACW), Webster Financial (WBS), CIT Group (CIT), Pinnacle Financial Partners (PNFP), Sterling Bancorp (STL), F.N.B. (FNB), Valley National Bancorp (VLY), Community Bank System (CBU), UMB Financial (UMBF) and Centerstate Bank (CSFL).

Based on aggregate information from My MarketBeat watchlists, some companies that other First Merchants investors own include BankFinancial (BFIN), Steel Dynamics (STLD), Exxon Mobil (XOM), Venus Metals (VMC), Goodyear Tire & Rubber (GT), Sirius XM (SIRI), BB&T (BBT), Ball (BLL), Bristol-Myers Squibb (BMY) and ConocoPhillips (COP).

First Merchants' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.27%), BlackRock Inc. (8.20%), Earnest Partners LLC (3.64%), Cardinal Capital Management LLC CT (2.83%), Vaughan Nelson Investment Management L.P. (2.72%) and Northern Trust Corp (2.31%). 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.

FRME stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management LLC CT, ClariVest Asset Management LLC, Renaissance Technologies LLC, Parametric Portfolio Associates LLC, Vaughan Nelson Investment Management L.P., Vanguard Group Inc., Russell Investments Group Ltd. and Dana Investment Advisors Inc.. View Insider Buying and Selling for First Merchants.

FRME stock was purchased by a variety of institutional investors in the last quarter, including Earnest Partners LLC, Nuveen Asset Management LLC, BlackRock Inc., Wells Fargo & Company MN, Phocas Financial Corp., Phocas Financial Corp., Maltese Capital Management LLC and Northern Trust Corp. 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.

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, Robinhood, Fidelity and Charles Schwab.

One share of FRME stock can currently be purchased for approximately $39.68.

First Merchants has a market capitalization of $1.97 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.

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

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]