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NASDAQ:FRME

First Merchants - FRME Stock Forecast, Price & News

$40.84
+0.07 (+0.17%)
(As of 01/30/2023 12:41 PM ET)
Add
Compare
Today's Range
$40.66
$41.03
50-Day Range
$38.98
$44.48
52-Week Range
$34.07
$45.04
Volume
24,741 shs
Average Volume
149,318 shs
Market Capitalization
$2.43 billion
P/E Ratio
10.72
Dividend Yield
3.14%
Price Target
$49.33

First Merchants MarketRank™ Forecast

Analyst Rating
Strong Buy
3.50 Rating Score
Upside/​Downside
20.4% Upside
$49.33 Price Target
Short Interest
Healthy
0.97% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.66mentions of First Merchants in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$140,576 Sold Last Quarter
Proj. Earnings Growth
-5.13%
From $4.68 to $4.44 Per Share

Overall MarketRank

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

2.56 out of 5 stars

Finance Sector

266th out of 891 stocks

National Commercial Banks Industry

32nd out of 85 stocks


FRME stock logo

About First Merchants (NASDAQ:FRME) Stock

First Merchants Corp. (Indiana) is a bank holding company, which engages in the provision of financial services. It also offers personal banking, business banking, mortgage lending, treasury management services, and wealth management. The company was founded in September 1982 and is headquartered in Muncie, IN.

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FRME Stock News Headlines

Raymond James Reaffirms Their Buy Rating on First Merchants (FRME)
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First Merchants's Earnings Outlook
Profit From the Commercial Solar Boom?
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First Merchants (NASDAQ:FRME) Stock Price Down 2.1%
First Merchants
Recap: First Merchants Q3 Earnings
First Merchants (FRME) Could Be a Great Choice
See More Headlines
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FRME Company Calendar

Last Earnings
10/25/2021
Ex-Dividend for 12/16 Dividend
12/01/2022
Dividend Payable
12/16/2022
Today
1/30/2023
Next Earnings (Estimated)
4/25/2023
Fiscal Year End
12/31/2023

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
$49.33
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+20.8%
Consensus Rating
Strong Buy
Rating Score (0-4)
3.50
Research Coverage
2 Analysts

Profitability

Net Income
$222.09 million
Pretax Margin
35.82%

Debt

Sales & Book Value

Annual Sales
$712.95 million
Cash Flow
$4.02 per share
Book Value
$35.47 per share

Miscellaneous

Free Float
58,824,000
Market Cap
$2.43 billion
Optionable
Optionable
Beta
1.08

Social Links


Key Executives

  • Mark K. HardwickMark K. Hardwick
    Chief Executive Officer & Director
  • Michael J. Stewart
    President
  • Michele M. Kawiecki
    Executive VP, Chief Financial & Accounting Officer
  • Stephan H. FluhlerStephan H. Fluhler
    Chief Information Officer & Senior Vice President
  • John J. Martin
    Chief Credit Officer & Executive Vice President













FRME Stock - Frequently Asked Questions

Should I buy or sell First Merchants stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" FRME shares.
View FRME analyst ratings
or view top-rated stocks.

What is First Merchants' stock price forecast for 2023?

2 brokerages have issued twelve-month price objectives for First Merchants' shares. Their FRME share price forecasts range from $46.00 to $52.00. On average, they expect the company's stock price to reach $49.33 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
View analysts price targets for FRME
or view top-rated stocks among Wall Street analysts.

How have FRME shares performed in 2023?

First Merchants' stock was trading at $41.11 at the start of the year. Since then, FRME stock has decreased by 0.8% and is now trading at $40.77.
View the best growth stocks for 2023 here
.

Are investors shorting First Merchants?

First Merchants saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 576,900 shares, an increase of 15.4% from the December 31st total of 499,800 shares. Based on an average trading volume of 163,100 shares, the short-interest ratio is presently 3.5 days.
View First Merchants' Short Interest
.

When is First Merchants' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our FRME earnings forecast
.

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 analyst estimates of $132.07 million. First Merchants had a trailing twelve-month return on equity of 13.01% and a net margin of 31.15%. During the same period last year, the business earned $0.67 EPS.

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

First Merchants announced a quarterly dividend on Tuesday, November 8th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.32 per share on Friday, December 16th. This represents a $1.28 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, December 1st.
Read our dividend analysis for FRME
.

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 3.17%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 33.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRME will have a dividend payout ratio of 28.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FRME.

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

48 employees have rated First Merchants Chief Executive Officer Michael C. Rechin on Glassdoor.com. Michael C. Rechin has an approval rating of 82% among the company's 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 a number of retail and institutional investors. Top institutional investors include Strs Ohio (0.30%), OneAscent Financial Services LLC (0.18%), First Merchants Corp (0.15%), TIAA FSB (0.02%), Natixis Advisors L.P. (0.02%) and Dupont Capital Management Corp (0.01%). Insiders that own company stock include Charles E Schalliol, 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
.

How do I buy shares of First Merchants?

Shares of FRME stock 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 $40.77.

How much money does First Merchants make?

First Merchants (NASDAQ:FRME) has a market capitalization of $2.43 billion and generates $582.16 million in revenue each year. The bank earns $205.53 million in net income (profit) each year or $3.81 on an earnings per share basis.

How many employees does First Merchants have?

The company employs 1,821 workers across the globe.

How can I contact First Merchants?

First Merchants' mailing address is 200 EAST JACKSON STREET, MUNCIE IN, 47305. The official website for the company 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 1/30/2023 by MarketBeat.com Staff