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NASDAQ:FRME

First Merchants Stock Forecast, Price & News

$22.73
+0.46 (+2.07 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$21.92
Now: $22.73
$22.75
50-Day Range
$21.83
MA: $25.26
$27.55
52-Week Range
$21.18
Now: $22.73
$42.48
Volume192,597 shs
Average Volume222,991 shs
Market Capitalization$1.23 billion
P/E Ratio8.06
Dividend Yield4.67%
Beta1.14
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, as well as rents safe deposit facilities. The company also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services, as well as electronic and mobile delivery channels. It operates 116 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1982 and is headquartered in Muncie, Indiana.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.08 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$552.09 million
Cash Flow$3.08 per share
Book Value$32.07 per share

Profitability

Net Income$164.46 million

Miscellaneous

Employees1,891
Market Cap$1.23 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$22.73
+0.46 (+2.07 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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First Merchants (NASDAQ:FRME) Frequently Asked Questions

How has First Merchants' stock price been impacted by Coronavirus?

First Merchants' stock was trading at $29.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FRME stock has decreased by 22.1% and is now trading at $22.73.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

When is First Merchants' next earnings date?

First Merchants is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for First Merchants
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) posted its quarterly earnings results on Thursday, July, 23rd. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.47 by $0.15. The bank earned $119.50 million during the quarter, compared to the consensus estimate of $120.30 million. First Merchants had a net margin of 26.38% and a return on equity of 8.63%.
View First Merchants' earnings history
.

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

First Merchants declared a quarterly dividend on Friday, August 7th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.26 per share on Friday, September 18th. This represents a $1.04 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, September 3rd.
View First Merchants' dividend history
.

What price target have analysts set for FRME?

3 brokers have issued twelve-month price targets for First Merchants' shares. Their forecasts range from $29.00 to $30.00. On average, they expect First Merchants' share price to reach $29.50 in the next twelve months. This suggests a possible upside of 29.8% from the stock's current price.
View analysts' price targets for First Merchants
.

Are investors shorting First Merchants?

First Merchants saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 418,900 shares, an increase of 15.6% from the August 31st total of 362,500 shares. Based on an average daily volume of 220,600 shares, the short-interest ratio is presently 1.9 days.
View First Merchants' Short Interest
.

Who are some of First Merchants' key competitors?

What other stocks do shareholders of First Merchants own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Merchants investors own include BankFinancial (BFIN), Energy Transfer LP Unit (ET), Main Street Capital (MAIN), AbbVie (ABBV), Enterprise Products Partners (EPD), Comerica (CMA), Huntington Bancshares (HBAN), IBM (IBM), Iron Mountain (IRM) and JPMorgan Chase & Co. (JPM).

Who are First Merchants' key executives?

First Merchants' management team includes the following people:
  • Mr. Michael C. Rechin, Pres, CEO & Director (Age 60)
  • Mr. Mark K. Hardwick, Exec. VP, CFO & COO (Age 48)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 50)
  • Mr. Michael J. Stewart, Exec. VP & Chief Banking Officer (Age 53)
  • Ms. Nicole M. Weaver, VP & Director of Corp. Admin.

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.50%), Goldman Sachs Group Inc. (3.21%), FMR LLC (2.29%), Bank of New York Mellon Corp (1.52%), Victory Capital Management Inc. (1.43%) and New York State Common Retirement Fund (1.23%). 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, Stephan Fluhler and Terry L Walker.
View institutional ownership trends for First Merchants
.

Which institutional investors are selling First Merchants stock?

FRME stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Jacobs Levy Equity Management Inc., ClariVest Asset Management LLC, Natixis Advisors L.P., Bank of New York Mellon Corp, Phocas Financial Corp., Federated Hermes Inc., and First Trust Advisors LP. Company insiders that have sold First Merchants company stock in the last year include Jeffrey B Lorentson, Michael C Rechin, and Michael J Stewart.
View insider buying and selling activity for First Merchants
.

Which institutional investors are buying First Merchants stock?

FRME stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Principal Financial Group Inc., Principal Financial Group Inc., Nordea Investment Management AB, Bank of America Corp DE, Goldman Sachs Group Inc., Pier Capital LLC, and Mutual of America Capital Management LLC. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Mark K Hardwick, Michael C Marhenke, Patrick A Sherman, and Terry L Walker.
View insider buying and selling activity for First Merchants
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $22.73.

How big of a company is First Merchants?

First Merchants has a market capitalization of $1.23 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 1,891 workers across the globe.

What is First Merchants' official website?

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

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 9/26/2020 by MarketBeat.com Staff

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