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

-0.73 (-1.78 %)
(As of 02/25/2020 02:11 AM ET)
Today's Range
Now: $40.37
50-Day Range
MA: $40.99
52-Week Range
Now: $40.37
Volume242,693 shs
Average Volume140,079 shs
Market Capitalization$2.25 billion
P/E Ratio12.66
Dividend Yield2.53%
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. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
Current SymbolNASDAQ:FRME



Sales & Book Value

Annual Sales$552.09 million
Cash Flow$3.32 per share
Book Value$28.36 per share


Net Income$164.46 million


Market Cap$2.25 billion
Next Earnings Date4/23/2020 (Estimated)

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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 announced a quarterly dividend on Wednesday, February 5th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.26 per share on Friday, March 20th. This represents a $1.04 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, March 5th. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its earnings results on Thursday, January, 30th. The bank reported $0.87 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.86 by $0.01. The bank earned $121.83 million during the quarter, compared to analyst estimates of $122.20 million. First Merchants had a net margin of 29.79% and a return on equity of 10.60%. View First Merchants' Earnings History.

When is First Merchants' next earnings date?

First Merchants is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for First Merchants.

What price target have analysts set for FRME?

4 brokerages have issued 12-month target prices for First Merchants' stock. Their forecasts range from $39.00 to $44.00. On average, they anticipate First Merchants' share price to reach $42.75 in the next year. This suggests a possible upside of 5.9% from the stock's current price. View Analyst Price Targets for First Merchants.

What is the consensus analysts' recommendation for First Merchants?

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

Has First Merchants been receiving favorable news coverage?

Headlines about FRME stock have trended neutral this week, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. First Merchants earned a news impact score of 0.4 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for First Merchants.

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), Main Street Capital (MAIN), AbbVie (ABBV), Exxon Mobil (XOM), Walgreens Boots Alliance (WBA), Bristol-Myers Squibb (BMY), Enbridge (ENB), Energy Transfer LP Unit (ET), Monmouth R.E. Inv. (MNR) and Altria Group (MO).

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 a number of of institutional and retail investors. Top institutional shareholders include Earnest Partners LLC (4.72%), Goldman Sachs Group Inc. (3.48%), State Street Corp (2.59%), Vaughan Nelson Investment Management L.P. (2.47%), FMR LLC (1.83%) and Victory Capital Management Inc. (1.65%). 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, Michele Kawiecki, 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 First Merchants Corp, State Street Corp, Renaissance Technologies LLC, Sei Investments Co., PNC Financial Services Group Inc., Goldman Sachs Group Inc., Bank of America Corp DE and Panagora Asset Management Inc.. Company insiders that have sold First Merchants company stock in the last year include Charles E Schalliol, Jeffrey B Lorentson, Michael J Stewart and Stephan Fluhler. View Insider Buying and Selling for First Merchants.

Which institutional investors are buying First Merchants stock?

FRME stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Victory Capital Management Inc., Victory Capital Management Inc., Earnest Partners LLC, Vaughan Nelson Investment Management L.P., Strs Ohio, Knights of Columbus Asset Advisors LLC and Rafferty Asset Management LLC. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, 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, Robinhood, Fidelity and Charles Schwab.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $40.37.

How big of a company is First Merchants?

First Merchants has a market capitalization of $2.25 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 1,702 workers across the globe.View Additional Information About First Merchants.

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:  314 (Vote Outperform)
Underperform Votes:  405 (Vote Underperform)
Total Votes:  719
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 2/25/2020 by MarketBeat.com Staff

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