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

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

First Merchants declared a quarterly dividend on Wednesday, February 5th. Shareholders of record on Friday, March 6th will be given a dividend of $0.26 per share on Friday, March 20th. This represents a $1.04 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, March 5th. View First Merchants' Dividend History.

First Merchants Co. (NASDAQ:FRME) released its quarterly earnings results on Thursday, January, 30th. The bank reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. The bank earned $121.83 million during the quarter, compared to analyst estimates of $122.20 million. First Merchants had a net margin of 29.79% and a return on equity of 10.60%. View First Merchants' Earnings History.

First Merchants is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for First Merchants.

4 brokerages have issued 1-year target prices for First Merchants' stock. Their forecasts range from $39.00 to $44.00. On average, they expect First Merchants' stock price to reach $42.75 in the next year. This suggests a possible upside of 5.9% from the stock's current price. View Analyst Price Targets for First Merchants.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Merchants.

Headlines about FRME stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Merchants earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for First Merchants.

Some companies that are related to First Merchants include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), East West Bancorp (EWBC) and TCF Financial (TCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other First Merchants investors own include BankFinancial (BFIN), Main Street Capital (MAIN), AbbVie (ABBV), Exxon Mobil (XOM), Walgreens Boots Alliance (WBA), Bristol-Myers Squibb (BMY), Enbridge (ENB), Energy Transfer LP Unit (ET), Monmouth R.E. Inv. (MNR) and Altria Group (MO).

First Merchants' stock is owned by a number of of retail and institutional investors. Top institutional investors include Earnest Partners LLC (4.72%), Goldman Sachs Group Inc. (3.48%), State Street Corp (2.59%), Vaughan Nelson Investment Management L.P. (2.47%), FMR LLC (1.83%) and Victory Capital Management Inc. (1.65%). 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, 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 First Merchants Corp, State Street Corp, Renaissance Technologies LLC, Sei Investments Co., PNC Financial Services Group Inc., Goldman Sachs Group Inc., Bank of America Corp DE and Panagora Asset Management Inc.. Company insiders that have sold First Merchants company stock in the last year include Charles E Schalliol, Jeffrey B Lorentson, Michael J Stewart and Stephan Fluhler. View Insider Buying and Selling for First Merchants.

FRME stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Victory Capital Management Inc., Victory Capital Management Inc., Earnest Partners LLC, Vaughan Nelson Investment Management L.P., Strs Ohio, Knights of Columbus Asset Advisors LLC and Rafferty Asset Management LLC. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, 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 $40.38.

First Merchants has a market capitalization of $2.25 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. 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]