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

$41.30
+0.05 (+0.12 %)
(As of 02/19/2020 12:19 PM ET)
Today's Range
$41.25
Now: $41.30
$41.47
50-Day Range
$39.54
MA: $41.04
$41.96
52-Week Range
$33.00
Now: $41.30
$42.48
Volume1,845 shs
Average Volume132,819 shs
Market Capitalization$2.30 billion
P/E Ratio12.95
Dividend Yield2.51%
Beta1.08
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
SectorFinance
Current SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$552.09 million
Cash Flow$3.37 per share
Book Value$28.36 per share

Profitability

Net Income$164.46 million

Miscellaneous

Employees1,702
Market Cap$2.30 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Wednesday, February 5th. Stockholders 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 dividend yield of 2.52%. The ex-dividend date is Thursday, March 5th. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings data on Thursday, January, 30th. The bank reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. The bank had revenue of $121.83 million for the quarter, compared to analyst estimates of $122.20 million. First Merchants had a return on equity of 10.60% and a net margin of 29.79%. 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 equities research analysts have issued 12-month price targets 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 twelve months. This suggests a possible upside of 3.5% 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?

Media stories about FRME stock have been trending somewhat negative recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Merchants earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company'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), Exxon Mobil (XOM), Walgreens Boots Alliance (WBA), AbbVie (ABBV), Enbridge (ENB), Altria Group (MO), ONEOK (OKE), Tanger Factory Outlet Centers (SKT) and Gilead Sciences (GILD).

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 variety of of retail and institutional investors. Top institutional investors 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 purchased 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 $41.30.

How big of a company is First Merchants?

First Merchants has a market capitalization of $2.30 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:  403 (Vote Underperform)
Total Votes:  717
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 2/19/2020 by MarketBeat.com Staff

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