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 Wednesday, February 6th. Investors of record on Friday, March 1st will be paid a dividend of $0.22 per share on Friday, March 15th. This represents a $0.88 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, February 28th. View First Merchants' Dividend History.

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings results on Thursday, January, 31st. The bank reported $0.85 EPS for the quarter, beating the Zacks' consensus estimate of $0.82 by $0.03. The bank earned $107.06 million during the quarter, compared to the consensus estimate of $107.40 million. First Merchants had a net margin of 32.85% and a return on equity of 11.89%. View First Merchants' Earnings History.

First Merchants is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for First Merchants.

3 brokers have issued 12 month price targets for First Merchants' shares. Their forecasts range from $47.00 to $47.00. On average, they anticipate First Merchants' share price to reach $47.00 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price. View Analyst Price Targets for First Merchants.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for First Merchants.

News stories about FRME stock have been trending positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First Merchants earned a coverage optimism score of 2.3 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the near future.

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

First Merchants' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.16%), Dimensional Fund Advisors LP (5.04%), Vaughan Nelson Investment Management L.P. (2.98%), Northern Trust Corp (2.17%), PL Capital Advisors LLC (1.51%) and Boston Partners (1.44%). Company insiders that own First Merchants stock include Gary Lehman, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michele Kawiecki, Patrick A Sherman, Stephan Fluhler, Terry L Walker and William L Hoy. View Institutional Ownership Trends for First Merchants.

FRME stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Dimensional Fund Advisors LP, PL Capital Advisors LLC, First Trust Advisors LP, SG Americas Securities LLC, GSA Capital Partners LLP, Employees Retirement System of Texas and Natixis Advisors L.P.. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michele Kawiecki 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 BlackRock Inc., Dean Investment Associates LLC, Principal Financial Group Inc., Geode Capital Management LLC, Boston Partners, Millennium Management LLC, Vaughan Nelson Investment Management L.P. and Bank of America Corp DE. 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, Scottrade, Fidelity and Charles Schwab.

One share of FRME stock can currently be purchased for approximately $40.58.

First Merchants has a market capitalization of $2.02 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 1,684 workers across the globe.

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]