NASDAQ:FRMEFirst Merchants Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding First Merchants Co. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $27.14 -0.41 (-1.49 %) (As of 08/13/2020 04:00 PM ET) Add Compare Share Today's Range$26.59Now: $27.14▼$28.5750-Day Range$23.67MA: $25.38▼$27.5552-Week Range$21.18Now: $27.14▼$42.48Volume136,800 shsAverage Volume224,861 shsMarket Capitalization$1.47 billionP/E Ratio9.62Dividend Yield3.83%Beta1.11 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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. It operates 116 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1982 and is headquartered in Muncie, Indiana.Read More Beat the Market (BTM) Rank™ 1.2 Analyst's Opinion Consensus RatingFirst Merchants has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.50, First Merchants has a potential upside of 8.7% from its current price of $27.14.Amount of Analyst CoverageFirst Merchants has only been the subject of 1 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesFirst Merchants has received 328 “outperform” votes. (Add your “outperform” vote.)Underperform VotesFirst Merchants has received 427 “underperform” votes. (Add your “underperform” vote.)Community SentimentFirst Merchants has received 56.56% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend YieldFirst Merchants pays a meaningful dividend of 3.83%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFirst Merchants has been increasing its dividend for 8 years.Dividend CoverageThe dividend payout ratio of First Merchants is 30.06%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Merchants will have a dividend payout ratio of 49.52% next year. This indicates that First Merchants will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Merchants insiders have sold 25,350.90% more of their company's stock than they have bought. Specifically, they have bought $998.00 in company stock and sold $254,000.00 in company stock.Percentage Held by InsidersOnly 1.30% of the stock of First Merchants is held by insiders.Percentage Held by Institutions70.77% of the stock of First Merchants is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for First Merchants are expected to decrease by -13.93% in the coming year, from $2.44 to $2.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Merchants is 9.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.46.Price to Earnings Ratio vs. SectorThe P/E ratio of First Merchants is 9.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.60.Price to Book Value per Share RatioFirst Merchants has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.92 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry National commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:FRME Previous Symbol CUSIP32081710 CIK712534 Webwww.firstmerchants.com Phone765-747-2814Debt Debt-to-Equity Ratio0.34 Current Ratio0.87 Quick Ratio0.87Price-To-Earnings Trailing P/E Ratio9.62 Forward P/E Ratio11.12 P/E GrowthN/A Sales & Book Value Annual Sales$552.09 million Price / Sales2.66 Cash Flow$3.49 per share Price / Cash Flow7.78 Book Value$32.07 per share Price / Book0.85Profitability EPS (Most Recent Fiscal Year)$3.46 Net Income$164.46 million Net Margins26.38% Return on Equity8.68% Return on Assets1.23%Miscellaneous Employees1,891 Outstanding Shares54,124,000Market Cap$1.47 billion Next Earnings Date10/22/2020 (Estimated) OptionableOptionable $27.14 -0.41 (-1.49 %) (As of 08/13/2020 04:00 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive FRME News and Ratings via Email Sign-up to receive the latest news and ratings for FRME and its competitors with MarketBeat's FREE daily newsletter. First Merchants (NASDAQ:FRME) Frequently Asked Questions How has First Merchants' stock price been impacted by COVID-19? First Merchants' stock was trading at $29.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FRME shares have decreased by 7.0% and is now trading at $27.14. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of First Merchants? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Merchants. When is First Merchants' next earnings date? First Merchants is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020. View our earnings forecast for First Merchants. How were First Merchants' earnings last quarter? First Merchants Co. (NASDAQ:FRME) announced its earnings results on Thursday, July, 23rd. The bank reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.15. The bank had revenue of $119.50 million for the quarter, compared to analyst estimates of $120.30 million. First Merchants had a return on equity of 8.68% and a net margin of 26.38%. View First Merchants' earnings history. How often does First Merchants pay dividends? What is the dividend yield for First Merchants? First Merchants declared a quarterly dividend on Friday, August 7th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.26 per share on Friday, September 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, September 3rd. View First Merchants' dividend history. What price target have analysts set for FRME? 3 equities research analysts have issued 1-year price objectives for First Merchants' shares. Their forecasts range from $29.00 to $30.00. On average, they anticipate First Merchants' share price to reach $29.50 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price. View analysts' price targets for First Merchants. Has First Merchants been receiving favorable news coverage? Press coverage about FRME stock has been trending negative recently, according to InfoTrie. The research group scores the sentiment of news coverage by monitoring 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 positive five, with scores closest to five being the most favorable. First Merchants earned a daily sentiment score of -2.4 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about First Merchants. Are investors shorting First Merchants? First Merchants saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 601,200 shares, an increase of 62.0% from the June 15th total of 371,000 shares. Based on an average trading volume of 239,500 shares, the short-interest ratio is currently 2.5 days. View First Merchants' Short Interest. Who are some of First Merchants' key competitors? Some companies that are related to First Merchants include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Prosperity Bancshares (PB) and Cullen/Frost Bankers (CFR). View all 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), Energy Transfer LP Unit (ET), Marathon Petroleum (MPC), Steel Dynamics (STLD), Bristol-Myers Squibb (BMY), Canadian Imperial Bank of Commerce (CM), CenterPoint Energy (CNP) and Dominion Energy (D). Who are First Merchants' key executives? First Merchants' management team includes the following 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. 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 retail and institutional investors. Top institutional investors include Goldman Sachs Group Inc. (3.21%), FMR LLC (2.29%), Bank of New York Mellon Corp (1.52%), Victory Capital Management Inc. (1.43%), New York State Common Retirement Fund (1.23%) and First Merchants Corp (0.96%). 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, Patrick A Sherman, Stephan Fluhler and Terry L Walker. View institutional ownership trends for First Merchants. Which major investors are selling First Merchants stock? FRME stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., ClariVest Asset Management LLC, Natixis Advisors L.P., Bank of New York Mellon Corp, Federated Hermes Inc., First Trust Advisors LP, Intrust Bank NA, and LSV Asset Management. Company insiders that have sold First Merchants company stock in the last year include Charles E Schalliol, Jeffrey B Lorentson, Michael C Rechin, Michael J Stewart, and Stephan Fluhler. View insider buying and selling activity for First Merchants. Which major investors are buying First Merchants stock? FRME stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Principal Financial Group Inc., Nordea Investment Management AB, Goldman Sachs Group Inc., Pier Capital LLC, Mutual of America Capital Management LLC, Strs Ohio, and Denali Advisors LLC. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Mark K Hardwick, Michael C Marhenke, Patrick A Sherman, and Terry L Walker. View insider buying and selling activity 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 $27.14. How big of a company is First Merchants? First Merchants has a market capitalization of $1.47 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 1,891 workers across the globe. What is First Merchants' official website? The official website for First Merchants is 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 765-747-2814 or via email at [email protected] This page was last updated on 8/14/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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