S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
NASDAQ:FRME

First Merchants - FRME Stock Forecast, Price & News

$40.74
+0.13 (+0.32%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$40.47
$40.97
50-Day Range
$34.55
$41.57
52-Week Range
$34.07
$46.12
Volume
131,636 shs
Average Volume
173,152 shs
Market Capitalization
$2.42 billion
P/E Ratio
11.95
Dividend Yield
3.14%
Price Target
$47.00

First Merchants MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
15.4% Upside
$47.00 Price Target
Short Interest
Healthy
1.43% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$454,562 Sold Last Quarter
Proj. Earnings Growth
13.37%
From $4.04 to $4.58 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.65 out of 5 stars

Finance Sector

291st out of 1,176 stocks

National Commercial Banks Industry

35th out of 102 stocks

FRME stock logo

About First Merchants (NASDAQ:FRME) Stock

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 public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Analyst Ratings Changes

Several analysts have commented on FRME shares. Raymond James upgraded shares of First Merchants from an "outperform" rating to a "strong-buy" rating and set a $48.00 target price for the company in a research report on Thursday, July 7th. Piper Sandler upped their target price on shares of First Merchants to $46.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th.

First Merchants Trading Up 0.3 %

Shares of FRME traded up $0.13 during trading hours on Friday, reaching $40.74. The stock had a trading volume of 131,636 shares, compared to its average volume of 173,152. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.24. First Merchants has a 52 week low of $34.07 and a 52 week high of $46.12. The firm has a 50-day moving average of $37.82 and a 200 day moving average of $40.41. The company has a market cap of $2.42 billion, a P/E ratio of 11.95 and a beta of 1.13.

First Merchants Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from First Merchants's previous quarterly dividend of $0.29. First Merchants's dividend payout ratio is currently 37.54%.

Insiders Place Their Bets

In other First Merchants news, Director Patrick J. Fehring sold 1,400 shares of the stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $39.43, for a total transaction of $55,202.00. Following the completion of the transaction, the director now owns 149,988 shares in the company, valued at approximately $5,914,026.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other First Merchants news, Director Patrick J. Fehring sold 1,400 shares of the stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $39.43, for a total transaction of $55,202.00. Following the completion of the transaction, the director now owns 149,988 shares in the company, valued at approximately $5,914,026.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick J. Fehring sold 10,400 shares of the stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $38.40, for a total transaction of $399,360.00. Following the transaction, the director now owns 138,988 shares of the company's stock, valued at $5,337,139.20. The disclosure for this sale can be found here. Corporate insiders own 1.24% of the company's stock.

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FRME Stock News Headlines

First Merchants (FRME) Q1 Earnings Top Estimates
Associated Banc-Corp (ASB) Q1 Earnings Top Estimates
FRME Crosses Below Key Moving Average Level
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FRME Company Calendar

Last Earnings
10/25/2021
Ex-Dividend for 6/17 Dividend
6/02/2022
Dividend Payable
6/17/2022
Today
8/07/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FRME
CUSIP
32081710
Employees
1,821
Year Founded
1982

Price Target and Rating

Average Stock Price Forecast
$47.00
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+15.4%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$205.53 million
Pretax Margin
42.73%

Debt

Sales & Book Value

Annual Sales
$555.96 million
Cash Flow
$4.01 per share
Book Value
$35.47 per share

Miscellaneous

Free Float
58,725,000
Market Cap
$2.42 billion
Optionable
Optionable
Beta
1.13

Social Links


Key Executives














FRME Stock - Frequently Asked Questions

Should I buy or sell First Merchants stock right now?

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.
View analyst ratings for First Merchants
or view top-rated stocks.

What is First Merchants' stock price forecast for 2022?

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.
View analysts' price targets for First Merchants
or view top-rated stocks among Wall Street analysts.

How has First Merchants' stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is First Merchants' next earnings date?

First Merchants is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our earnings forecast for First Merchants
.

How were First Merchants' earnings last quarter?

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.

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

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
.

Is First Merchants a good dividend stock?

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.

What is Michael C. Rechin's approval rating as First Merchants' CEO?

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.

What other stocks do shareholders of First Merchants own?

What is First Merchants' stock symbol?

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

Who are First Merchants' major shareholders?

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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $40.74.

How much money does First Merchants make?

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.

How many employees does First Merchants have?

First Merchants employs 1,821 workers across the globe.

When was First Merchants founded?

First Merchants was founded in 1982.

How can I contact First Merchants?

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.

This page (NASDAQ:FRME) was last updated on 8/7/2022 by MarketBeat.com Staff

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