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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NASDAQ:FRME

First Merchants Stock Forecast, Price & News

$42.05
-0.91 (-2.12 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$41.58
Now: $42.05
$43.05
50-Day Range
$37.67
MA: $40.81
$44.63
52-Week Range
$21.18
Now: $42.05
$45.29
Volume205,612 shs
Average Volume182,213 shs
Market Capitalization$2.28 billion
P/E Ratio15.13
Dividend Yield2.42%
Beta1.32
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. 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 128 banking locations in thirty Indiana, two Illinois, two Ohio, and two Michigan counties. The company offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
First Merchants logo

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500
Employees1,891
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$552.09 million
Cash Flow$3.47 per share
Book Value$32.07 per share

Profitability

Net Income$164.46 million

Miscellaneous

Market Cap$2.28 billion
Next Earnings Date4/22/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.99 out of 5 stars

Finance Sector

234th out of 1,944 stocks

National Commercial Banks Industry

36th out of 164 stocks

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
$42.05
-0.91 (-2.12 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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First Merchants (NASDAQ:FRME) Frequently Asked Questions

Is First Merchants a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" First Merchants stock.
View analyst ratings for First Merchants
or view top-rated stocks.

What stocks does MarketBeat like better than First Merchants?

Wall Street analysts have given First Merchants a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First Merchants wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is First Merchants' next earnings date?

First Merchants is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for First Merchants
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) released its quarterly earnings results on Wednesday, January, 27th. The bank reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.66 by $0.17. First Merchants had a net margin of 26.65% and a trailing twelve-month return on equity of 8.50%.
View First Merchants' earnings history
.

How has First Merchants' stock been impacted by COVID-19?

First Merchants' stock was trading at $29.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FRME shares have increased by 44.1% and is now trading at $42.05.
View which stocks have been most impacted by COVID-19
.

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

First Merchants declared a quarterly dividend on Thursday, February 11th. Shareholders of record on Friday, March 5th will be paid a dividend of $0.26 per share on Friday, March 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Thursday, March 4th.
View First Merchants' dividend history
.

Is First Merchants a good dividend stock?

First Merchants pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.42%. First Merchants does not yet have a strock track record of dividend growth. The dividend payout ratio of First Merchants is 30.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Merchants will have a dividend payout ratio of 41.60% next year. This indicates that First Merchants will be able to sustain or increase its dividend.
View First Merchants' dividend history.

What price target have analysts set for FRME?

3 analysts have issued 1-year price targets for First Merchants' shares. Their forecasts range from $28.00 to $46.00. On average, they anticipate First Merchants' stock price to reach $36.33 in the next year. This suggests that the stock has a possible downside of 13.6%.
View analysts' price targets for First Merchants
or view top-rated stocks among Wall Street analysts.

Who are First Merchants' key executives?

First Merchants' management team includes the following people:
  • Mr. Mark K. Hardwick, CEO & Director (Age 50, Pay $613.56k)
  • Mr. Michael J. Stewart, Pres (Age 55, Pay $562.36k)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 52, Pay $361.89k)
  • Mr. Michael C. Rechin, Advisor & Director (Age 62, Pay $1.14M)
  • Mr. John J. Martin, Exec. VP & Chief Credit Officer (Age 54, Pay $426.19k)
  • Ms. Michele M. Kawiecki, Exec. VP, CFO & Principal Accounting Officer (Age 48)
  • Ms. Nicole M. Weaver, VP & Director of Corp. Admin.
  • Mr. Brian T. Hunt, Sec. & Legal Counsel (Age 61)
  • Ms. Karen Evens, VP & Director of Marketing
  • Mr. Steven C. Harris, Sr. VP & Director of HR (Age 57)

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

48 employees have rated First Merchants CEO Michael C. Rechin on Glassdoor.com. Michael C. Rechin has an approval rating of 82% among First Merchants' employees.

Who are some of First Merchants' key competitors?

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.25%), Dimensional Fund Advisors LP (5.15%), Cardinal Capital Management LLC CT (4.09%), Bank of New York Mellon Corp (2.24%), Northern Trust Corp (2.22%) and The Manufacturers Life Insurance Company (1.32%). 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, Patrick A Sherman and Stephan Fluhler.
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 Renaissance Technologies LLC, Nuveen Asset Management LLC, Pier Capital LLC, Victory Capital Management Inc., ExodusPoint Capital Management LP, Boston Partners, Boston Partners, and Dimensional Fund Advisors LP. Company insiders that have sold First Merchants company stock in the last year include Michael C Rechin, and Michael J Stewart.
View insider buying and selling activity for First Merchants
or view top insider-selling stocks.

Which major investors are buying First Merchants stock?

FRME stock was purchased by a variety of institutional investors in the last quarter, including Cardinal Capital Management LLC CT, JPMorgan Chase & Co., Bank of New York Mellon Corp, Russell Investments Group Ltd., Advisory Research Inc., Schroder Investment Management Group, Comerica Bank, and Principal Financial Group Inc.. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Mark K Hardwick, Michael C Marhenke, and Patrick A Sherman.
View insider buying and selling activity for First Merchants
or or view top insider-buying stocks.

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 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 $42.05.

How much money does First Merchants make?

First Merchants has a market capitalization of $2.28 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.

How many employees does First Merchants have?

First Merchants employs 1,891 workers across the globe.

What is First Merchants' official website?

The official website for First Merchants is www.firstmerchants.com.

Where are First Merchants' headquarters?

First Merchants is headquartered at 200 EAST JACKSON STREET, MUNCIE IN, 47305.

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]


This page was last updated on 2/28/2021 by MarketBeat.com Staff

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