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

$39.68
+0.58 (+1.48 %)
(As of 09/17/2019 04:41 AM ET)
Today's Range
$38.58
Now: $39.68
$39.88
50-Day Range
$34.42
MA: $36.77
$39.73
52-Week Range
$32.49
Now: $39.68
$49.22
Volume192,300 shs
Average Volume210,200 shs
Market Capitalization$1.97 billion
P/E Ratio12.32
Dividend Yield2.66%
Beta1.06
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$484.40 million
Cash Flow$3.4807 per share
Book Value$28.36 per share

Profitability

Net Income$159.14 million

Miscellaneous

Employees1,702
Market Cap$1.97 billion
Next Earnings Date10/23/2019 (Estimated)
OptionableOptionable

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

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 announced a quarterly dividend on Thursday, August 8th. Stockholders of record on Friday, September 6th will be given a dividend of $0.26 per share on Friday, September 20th. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, September 5th. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) posted its earnings results on Thursday, July, 25th. The bank reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.03. The bank earned $106.89 million during the quarter, compared to the consensus estimate of $109.10 million. First Merchants had a return on equity of 11.36% and a net margin of 31.66%. View First Merchants' Earnings History.

When is First Merchants' next earnings date?

First Merchants is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for First Merchants.

What price target have analysts set for FRME?

5 equities research analysts have issued 12 month price targets for First Merchants' stock. Their forecasts range from $39.00 to $47.00. On average, they anticipate First Merchants' share price to reach $43.20 in the next year. This suggests a possible upside of 8.9% from the stock's current price. View Analyst Price Targets for First Merchants.

What is the consensus analysts' recommendation for First Merchants?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 1 hold rating and 4 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?

News stories about FRME stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. 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 media sentiment score of 0.9 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for First Merchants.

Are investors shorting First Merchants?

First Merchants saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,550,800 shares, an increase of 24.4% from the July 31st total of 1,246,400 shares. Based on an average daily trading volume, of 253,900 shares, the days-to-cover ratio is presently 6.1 days. Currently, 3.2% of the shares of the stock are short sold. View First Merchants' Current Options Chain.

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), Steel Dynamics (STLD), Exxon Mobil (XOM), Venus Metals (VMC), Goodyear Tire & Rubber (GT), Sirius XM (SIRI), BB&T (BBT), Ball (BLL), Bristol-Myers Squibb (BMY) and ConocoPhillips (COP).

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 many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.27%), BlackRock Inc. (8.20%), Earnest Partners LLC (3.64%), Cardinal Capital Management LLC CT (2.83%), Vaughan Nelson Investment Management L.P. (2.72%) and Northern Trust Corp (2.31%). Company insiders that own First Merchants stock include Charles E Schalliol, Gary Lehman, 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 major investors are selling First Merchants stock?

FRME stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management LLC CT, ClariVest Asset Management LLC, Renaissance Technologies LLC, Parametric Portfolio Associates LLC, Vaughan Nelson Investment Management L.P., Vanguard Group Inc., Russell Investments Group Ltd. and Dana Investment Advisors Inc.. View Insider Buying and Selling for First Merchants.

Which major investors are buying First Merchants stock?

FRME stock was purchased by a variety of institutional investors in the last quarter, including Earnest Partners LLC, Nuveen Asset Management LLC, BlackRock Inc., Wells Fargo & Company MN, Phocas Financial Corp., Phocas Financial Corp., Maltese Capital Management LLC and Northern Trust Corp. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Michael C Marhenke, 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 $39.68.

How big of a company is First Merchants?

First Merchants has a market capitalization of $1.97 billion and generates $484.40 million in revenue each year. The bank earns $159.14 million in net income (profit) each year or $3.22 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:  289 (Vote Outperform)
Underperform Votes:  369 (Vote Underperform)
Total Votes:  658
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 9/17/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel