First Merchants - FRME Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last twelve months. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" First Merchants stock.
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3 brokers have issued 12-month price objectives for First Merchants' stock. Their FRME stock forecasts range from $46.00 to $48.00. On average, they expect First Merchants' share price to reach $47.00 in the next year. This suggests a possible upside of 15.4% from the stock's current price.
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First Merchants' stock was trading at $41.89 at the start of the year. Since then, FRME shares have decreased by 2.7% and is now trading at $40.74.
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First Merchants is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our earnings forecast for First Merchants.

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings results on Monday, October, 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. The bank earned $133.22 million during the quarter, compared to the consensus estimate of $132.07 million. First Merchants had a trailing twelve-month return on equity of 11.17% and a net margin of 32.28%. During the same quarter last year, the company posted $0.67 earnings per share.

First Merchants declared a quarterly dividend on Thursday, May 12th. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.32 per share on Friday, June 17th. This represents a $1.28 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, June 2nd. This is an increase from First Merchants's previous quarterly dividend of $0.29.
View First Merchants' dividend history.

First Merchants(NASDAQ:FRME) pays an annual dividend of $1.28 per share and currently has a dividend yield of 3.14%. First Merchants has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of First Merchants is 37.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Merchants will have a dividend payout ratio of 27.95% next year. This indicates that First Merchants will be able to sustain or increase its dividend.
View First Merchants' dividend history.

48 employees have rated First Merchants CEO Michael C. Rechin on Glassdoor.com. Michael C. Rechin has an approval rating of 82% among First Merchants' employees.

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

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

First Merchants' stock is owned by many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (1.43%), Russell Investments Group Ltd. (0.72%), ProShare Advisors LLC (0.38%), Strs Ohio (0.35%), Cambridge Investment Research Advisors Inc. (0.28%) and Siena Capital Partners GP LLC (0.15%). Company insiders that own First Merchants stock include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, Mark K Hardwick, Michael C Marhenke, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michael R Becher, Patrick A Sherman, Patrick A Sherman, Patrick J Fehring, Stephan Fluhler and William L Hoy.
View institutional ownership trends 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FRME stock can currently be purchased for approximately $40.74.

First Merchants (NASDAQ:FRME) has a market capitalization of $2.42 billion and generates $555.96 million in revenue each year. The bank earns $205.53 million in net income (profit) each year or $3.41 on an earnings per share basis.

First Merchants employs 1,821 workers across the globe.

First Merchants was founded in 1982.

First Merchants' mailing address is 200 EAST JACKSON STREET, MUNCIE IN, 47305. The official website for First Merchants is www.firstmerchants.com. The bank can be reached via phone at (765) 747-1500, via email at nweaver@firstmerchants.com, or via fax at 765-282-6304.