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

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$40.58 +1.27 (+3.23 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$40.58
Today's Range$39.5550 - $40.59
52-Week Range$32.49 - $50.44
Volume147,604 shs
Average Volume158,775 shs
Market Capitalization$2.02 billion
P/E Ratio12.60
Dividend Yield2.24%
Beta0.94
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, full-service brokerage, corporate, letters of credit, and repurchase agreements services. It operates 119 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company's delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

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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$484.40 million
Cash Flow$2.4256 per share
Book Value$26.51 per share

Profitability

Net Income$159.14 million

Miscellaneous

Employees1,684
Market Cap$2.02 billion
OptionableOptionable

First Merchants (NASDAQ:FRME) Frequently Asked Questions

What is First Merchants' stock symbol?

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

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

First Merchants declared a quarterly dividend on Wednesday, February 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, February 28th. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

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 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 return on equity of 11.89% and a net margin of 32.85%. View First Merchants' Earnings History.

When is First Merchants' next earnings date?

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

What price target have analysts set for FRME?

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

What is the consensus analysts' recommendation 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.

Has First Merchants been receiving favorable news coverage?

News headlines about FRME stock have trended somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First Merchants earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days.

Who are some of First Merchants' key competitors?

Who are First Merchants' key executives?

First Merchants' management team includes the folowing 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.

Who are First Merchants' major shareholders?

First Merchants' stock is owned by many different 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.

Which institutional investors are selling First Merchants stock?

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.

Which institutional investors are buying First Merchants stock?

FRME stock was bought 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.

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, Scottrade, Fidelity and Charles Schwab.

What is First Merchants' stock price today?

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

How big of a company is First Merchants?

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.

What is First Merchants' official website?

The official website for First Merchants is http://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]


MarketBeat Community Rating for First Merchants (NASDAQ FRME)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  256 (Vote Outperform)
Underperform Votes:  319 (Vote Underperform)
Total Votes:  575
MarketBeat's community ratings are surveys of what our community members think about First Merchants and other stocks. Vote "Outperform" if you believe FRME will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRME will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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