NASDAQ:FRME - First Merchants Stock Price, Price Target & More

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

First Merchants announced a quarterly dividend on Thursday, May 10th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.22 per share on Friday, June 15th. This represents a $0.88 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, May 31st. This is a positive change from First Merchants's previous quarterly dividend of $0.18. View First Merchants' Dividend History.

First Merchants Co. (NASDAQ:FRME) posted its quarterly earnings results on Thursday, April, 26th. The bank reported $0.74 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.70 by $0.04. The bank had revenue of $99.48 million for the quarter, compared to the consensus estimate of $98.35 million. First Merchants had a return on equity of 9.82% and a net margin of 26.33%. View First Merchants' Earnings History.

First Merchants is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for First Merchants.

2 brokerages have issued 12-month price objectives for First Merchants' stock. Their predictions range from $48.00 to $52.00. On average, they expect First Merchants' share price to reach $50.00 in the next year. This suggests a possible upside of 5.9% from the stock's current price. View Analyst Ratings for First Merchants.

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

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

News stories about FRME stock have been trending somewhat positive on Friday, Accern reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Merchants earned a news sentiment score of 0.21 on Accern's scale. They also gave press coverage about the bank an impact score of 46.01 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

First Merchants' stock is owned by a number of of institutional and retail investors. Top institutional investors include FCG Advisors LLC (0.15%), Fisher Asset Management LLC (0.12%), TIAA FSB (0.03%) and Amalgamated Bank (0.01%). Company insiders that own First Merchants stock include Gary Lehman, John Martin, 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 Fisher Asset Management LLC, FCG Advisors LLC and TIAA FSB. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Rechin, Michael J Stewart, Michele Kawiecki and Stephan Fluhler. View Insider Buying and Selling for First Merchants.

FRME stock was purchased by a variety of institutional investors in the last quarter, including Amalgamated Bank. 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 $47.21.

First Merchants has a market capitalization of $2.30 billion and generates $385.90 million in revenue each year. The bank earns $96.07 million in net income (profit) each year or $2.41 on an earnings per share basis. First Merchants employs 1,684 workers across the globe.

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]erchants.com.