About First Merchants Corporation (NASDAQ:FRME)
First Merchants Corporation is a financial holding company. The Company has a bank charter, First Merchants Bank (the Bank), which is opened for business in Muncie, Indiana. It operates through community banking business segment. The Bank also operates Lafayette Bank and Trust, and First Merchants Private Wealth Advisors (each as a division of First Merchants Bank). As of July 17, 2017, the Bank included 122 banking centers in Indiana, Illinois and Ohio counties. In addition to its branch network, the Company's delivery channels include automated teller machines, check cards and Internet technology. Through the Bank, it offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, letters of credit and repurchase agreements.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:FRME
- CUSIP: 32081710
- Web: www.firstmerchants.com
Capitalization:- Market Cap: $2.13 billion
- Outstanding Shares: 49,121,000
Average Prices:- 50 Day Moving Avg: $41.43
- 200 Day Moving Avg: $40.46
- 52 Week Range: $26.55 - $44.36
P/E:- Trailing P/E Ratio: 19.83
- Foreward P/E Ratio: 16.14
- P/E Growth: 2.65
Sales & Book Value:- Annual Revenue: $296.2 million
- Price / Sales: 7.20
- Book Value: $23.98 per share
- Price / Book: 1.81
Dividend:- Annual Dividend: $0.72
- Dividend Yield: 1.7%
Profitability:- Net Margins: 27.04%
- Return on Equity: 9.63%
- Return on Assets: 1.24%
Debt:- Debt-to-Equity Ratio: 0.43%
- Current Ratio: 0.92%
- Quick Ratio: 0.92%
Misc:- Average Volume: 251,505 shs.
- Beta: 0.94
- Short Ratio: 4.86
Frequently Asked Questions for First Merchants Corporation (NASDAQ:FRME)
What is First Merchants Corporation's stock symbol?
First Merchants Corporation trades on the NASDAQ under the ticker symbol "FRME."
How often does First Merchants Corporation pay dividends? What is the dividend yield for First Merchants Corporation?
First Merchants Corporation declared a quarterly dividend on Monday, August 14th. Investors of record on Friday, September 1st will be paid a dividend of $0.18 per share on Friday, September 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, August 30th. View First Merchants Corporation's Dividend History.
How were First Merchants Corporation's earnings last quarter?
First Merchants Corporation (NASDAQ:FRME) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.57 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.55 by $0.02. The company had revenue of $81.53 million for the quarter, compared to analyst estimates of $78.75 million. First Merchants Corporation had a return on equity of 9.63% and a net margin of 27.04%. View First Merchants Corporation's Earnings History.
When will First Merchants Corporation make its next earnings announcement?
Where is First Merchants Corporation's stock going? Where will First Merchants Corporation's stock price be in 2017?
2 analysts have issued twelve-month price targets for First Merchants Corporation's shares. Their forecasts range from $44.00 to $46.00. On average, they expect First Merchants Corporation's share price to reach $45.00 in the next year. View Analyst Ratings for First Merchants Corporation.
Who are some of First Merchants Corporation's key competitors?
Some companies that are related to First Merchants Corporation include United Bankshares (UBSI), BBVA Banco Frances S.A. (BFR), Popular (BPOP), Grupo Aval Acciones y Valores S.A. (AVAL), Valley National Bancorp (VLY), Washington Federal (WAFD), TCF Financial Corporation (TCF), BancorpSouth (BXS), TCF Financial (TCF), Lloyds Banking Group PLC (LYG), Metro Bank PLC (MTRO), Glacier Bancorp (GBCI), Community Bank System (CBU), Cybg Plc (CYBG), International Bancshares Corporation (IBOC), CVB Financial Corporation (CVBF), Old National Bancorp (ONB) and First Midwest Bancorp (FMBI).
Who are First Merchants Corporation's key executives?
First Merchants Corporation's management team includes the folowing people:
- Charles E. Schalliol, Independent Chairman of the Board
- Michael C. Rechin, President, Chief Executive Officer, Director
- Mark K. Hardwick, Chief Financial Officer, Chief Operating Officer, Executive Vice President
- Michele Kawiecki, Finance Director, Senior Vice President
- John J. Martin, Executive Vice President, Chief Credit Officer
- Michael J. Stewart, Executive Vice President, Chief Banking Officer
- Stephan H. Fluhler, Senior Vice President, Chief Information Officer
- Jeffrey B. Lorentson, Chief Risk Officer, Senior Vice President
- Michael J. Fisher, Director
- Michael R. Becher, Independent Director
Who owns First Merchants Corporation stock?
First Merchants Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.43%), Park National Corp OH (0.32%), Mutual of America Capital Management LLC (0.21%), Shell Asset Management Co. (0.19%), Fisher Asset Management LLC (0.15%) and Monarch Capital Management Inc. (0.02%). Company insiders that own First Merchants Corporation stock include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, John Martin, Mark K Hardwick, Michael C Rechin, Michael J Stewart, Michael R Becher, Patrick A Sherman, Roderick English, Stephan Fluhler, Terry L Walker and William L Hoy. View Institutional Ownership Trends for First Merchants Corporation.
Who bought First Merchants Corporation stock? Who is buying First Merchants Corporation stock?
First Merchants Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Park National Corp OH, Shell Asset Management Co., Robeco Institutional Asset Management B.V., Mutual of America Capital Management LLC, Monarch Capital Management Inc., Fisher Asset Management LLC and Meeder Asset Management Inc.. Company insiders that have bought First Merchants Corporation stock in the last two years include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, Michael J Stewart, Michael R Becher and Patrick A Sherman. View Insider Buying and Selling for First Merchants Corporation.
How do I buy First Merchants Corporation stock?
Shares of First Merchants Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Merchants Corporation's stock price today?
One share of First Merchants Corporation stock can currently be purchased for approximately $43.42.
MarketBeat Community Rating for First Merchants Corporation (NASDAQ FRME)MarketBeat's community ratings are surveys of what our community members think about First Merchants Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for First Merchants Corporation (NASDAQ:FRME) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 1 Buy Rating |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | $45.00 (3.64% upside) |
Consensus Price Target History for First Merchants Corporation (NASDAQ:FRME)
Analysts' Ratings History for First Merchants Corporation (NASDAQ:FRME)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/6/2017 | Piper Jaffray Companies | Reiterated Rating | Neutral -> Neutral | $46.00 | N/A |  |
| 4/5/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Buy | $44.00 | Medium | |
| 9/28/2016 | DA Davidson | Boost Price Target | Buy | $29.00 -> $30.00 | N/A | |
| 1/29/2016 | Stephens | Upgrade | Equal Weight -> Overweight | | N/A | |
| 12/16/2015 | SunTrust Banks, Inc. | Initiated Coverage | Neutral | $27.00 | N/A | |
(Data available from 10/22/2015 forward)
Earnings History for First Merchants Corporation (NASDAQ:FRME)Earnings History by Quarter for First Merchants Corporation (NASDAQ FRME)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | $0.57 | | | | | N/A | |
| 7/27/2017 | Q2 2017 | $0.55 | $0.57 | $78.75 million | $81.53 million | View | N/A | |
| 4/27/2017 | Q1 2017 | $0.52 | $0.56 | $76.65 million | $75.85 million | View | N/A | |
| 1/26/2017 | Q416 | $0.50 | $0.55 | $75.35 million | $74.49 million | View | N/A | |
| 10/25/2016 | Q316 | $0.49 | $0.51 | $74.50 million | $74.54 million | View | Listen | |
| 7/26/2016 | Q216 | $0.46 | $0.49 | $73.90 million | $72.35 million | View | Listen | |
| 4/26/2016 | Q116 | $0.41 | $0.43 | $71.15 million | $70.78 million | View | Listen | |
| 1/28/2016 | Q415 | $0.44 | $0.37 | $67.40 million | $64.84 million | View | Listen | |
| 10/22/2015 | Q315 | $0.44 | $0.45 | $66.80 million | $67.22 million | View | Listen | |
| 7/23/2015 | Q215 | $0.45 | $0.47 | $64.31 million | $73.66 million | View | Listen | |
| 4/23/2015 | Q115 | $0.42 | $0.43 | $64.14 million | $63.20 million | View | N/A | |
| 1/27/2015 | Q414 | $0.41 | $0.41 | $65.00 million | $65.70 million | View | N/A | |
| 10/23/2014 | Q3 | $0.43 | $0.45 | $62.23 million | $66.16 million | View | Listen | |
| 7/24/2014 | Q214 | $0.41 | $0.41 | $62.20 million | $62.05 million | View | N/A | |
| 4/24/2014 | Q114 | $0.39 | $0.38 | $61.09 million | $61.08 million | View | N/A | |
| 1/28/2014 | Q413 | $0.33 | $0.34 | | | View | N/A | |
| 10/24/2013 | Q313 | $0.35 | $0.35 | $50.76 million | | View | N/A | |
| 7/25/2013 | Q2 2013 | $0.32 | $0.34 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for First Merchants Corporation (NASDAQ:FRME)2017 EPS Consensus Estimate: $2.14
2018 EPS Consensus Estimate: $2.48
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.48 | $0.52 | $0.50 |
| Q2 2017 | 3 | $0.50 | $0.55 | $0.53 |
| Q3 2017 | 4 | $0.52 | $0.56 | $0.54 |
| Q4 2017 | 3 | $0.55 | $0.59 | $0.57 |
| Q1 2018 | 2 | $0.55 | $0.59 | $0.57 |
| Q2 2018 | 2 | $0.56 | $0.62 | $0.59 |
| Q3 2018 | 2 | $0.58 | $0.67 | $0.63 |
| Q4 2018 | 1 | $0.69 | $0.69 | $0.69 |
(Data provided by Zacks Investment Research)
Current Dividend Information for First Merchants Corporation (NASDAQ:FRME)| Most Recent Dividend: | 9/15/2017 |
| Annual Dividend: | $0.72 |
| Dividend Yield: | 1.66% |
| Payout Ratio: | 32.88% (Trailing 12 Months of Earnings)
31.03% (Based on This Year's Estimates)
26.77% (Based on Next Year's Estimates)
|
Dividend History by Quarter for First Merchants Corporation (NASDAQ FRME)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/14/2017 | quarterly | $0.18 | 1.81% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 5/2/2017 | quarterly | $0.18 | 1.73% | 5/31/2017 | 6/2/2017 | 6/16/2017 |
| 2/13/2017 | quarterly | $0.15 | 1.47% | 3/1/2017 | 3/3/2017 | 3/17/2017 |
| 11/16/2016 | Quarterly | $0.15 | 1.81% | 11/30/2016 | 12/2/2016 | 12/16/2016 |
| 8/15/2016 | quarterly | $0.14 | 2.07% | 8/31/2016 | 9/2/2016 | 9/16/2016 |
| 5/3/2016 | quarterly | $0.14 | 2.22% | 6/1/2016 | 6/3/2016 | 6/17/2016 |
| 2/11/2016 | quarterly | $0.11 | 2% | 3/2/2016 | 3/4/2016 | 3/18/2016 |
| 11/19/2015 | quarterly | $0.11 | 1.63% | 12/2/2015 | 12/4/2015 | 12/18/2015 |
| 8/17/2015 | quarterly | $0.11 | 1.67% | 9/2/2015 | 9/4/2015 | 9/18/2015 |
| 5/5/2015 | quarterly | $0.11 | 1.96% | 6/3/2015 | 6/5/2015 | 6/19/2015 |
| 2/26/2015 | quarterly | $0.08 | 1.42% | 3/5/2015 | 3/9/2015 | 3/20/2015 |
| 11/14/2014 | quarterly | $0.08 | 1.45% | 12/3/2014 | 12/5/2014 | 12/19/2014 |
| 8/15/2014 | quarterly | $0.08 | 1.59% | 9/3/2014 | 9/5/2014 | 9/19/2014 |
| 4/18/2014 | quarterly | $0.08 | 1.49% | 6/4/2014 | 6/6/2014 | 6/20/2014 |
| 2/14/2014 | quarterly | $0.05 | 0.96% | 3/5/2014 | 3/7/2014 | 3/21/2014 |
| 11/20/2013 | quarterly | $0.05 | 0.99% | 12/4/2013 | 12/6/2013 | 12/20/2013 |
| 8/22/2013 | quarterly | $0.05 | 1.1% | 9/4/2013 | 9/6/2013 | 9/20/2013 |
| 4/9/2013 | quarterly | $0.05 | 1.33% | 5/30/2013 | 6/3/2013 | 6/17/2013 |
| 3/5/2013 | quarterly | $0.03 | | 3/13/2013 | 3/15/2013 | 3/20/2013 |
| 3/4/2013 | quarterly | $0.03 | 0.79% | 2/28/2013 | 3/4/2013 | 3/18/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for First Merchants Corporation (NASDAQ:FRME)Insider Ownership Percentage: 1.41%
Institutional Ownership Percentage: 67.35%
Insider Trades by Quarter for First Merchants Corporation (NASDAQ:FRME)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 10/2/2017 | Patrick A Sherman | Director | Buy | 12 | $42.72 | $512.64 | |
| 9/1/2017 | Gary Lehman | Director | Buy | 42 | $39.28 | $1,649.76 | |
| 8/9/2017 | Mark K Hardwick | Insider | Sell | 1,851 | $39.69 | $73,466.19 | |
| 8/1/2017 | Patrick A. Sherman | Director | Buy | 12 | $40.14 | $481.68 | |
| 7/3/2017 | Patrick A Sherman | Director | Buy | 12 | $40.44 | $485.28 | |
| 6/14/2017 | Terry L. Walker | Director | Sell | 1,221 | $42.30 | $51,648.30 | |
| 6/1/2017 | Gary Lehman | Director | Buy | 41 | $40.23 | $1,649.43 | |
| 5/1/2017 | Gary Lehman | Director | Buy | 40 | $41.89 | $1,675.60 | |
| 4/3/2017 | Patrick A Sherman | Director | Buy | 13 | $38.96 | $506.48 | |
| 3/21/2017 | Stephan Fluhler | Insider | Sell | 1,800 | $38.60 | $69,480.00 | |
| 3/13/2017 | William L Hoy | Director | Sell | 5,657 | $39.92 | $225,827.44 | |
| 3/1/2017 | Patrick A. Sherman | Director | Buy | 12 | $41.08 | $492.96 | |
| 2/1/2017 | Gary Lehman | Director | Buy | 6,880 | $16.23 | $111,662.40 | |
| 1/3/2017 | Gary Lehman | Director | Buy | 44 | $37.72 | $1,659.68 | |
| 12/30/2016 | Patrick A Sherman | Director | Buy | 13 | $37.72 | $490.36 | |
| 12/16/2016 | Michael J. Stewart | Insider | Sell | 5,000 | $36.59 | $182,950.00 | |
| 12/5/2016 | John Martin | Insider | Sell | 2,565 | $35.37 | $90,724.05 | |
| 12/1/2016 | Gary Lehman | Director | Buy | 49 | $34.33 | $1,682.17 | |
| 11/29/2016 | Michael C Rechin | President | Sell | 12,713 | $34.14 | $434,021.82 | |
| 11/18/2016 | Mark K. Hardwick | Insider | Sell | 7,700 | $33.14 | $255,178.00 | |
| 11/1/2016 | Gary Lehman | Director | Buy | 59 | $28.25 | $1,666.75 | |
| 10/3/2016 | Gary Lehman | Director | Buy | 63 | $26.62 | $1,677.06 | |
| 9/1/2016 | Gary Lehman | Director | Buy | 61 | $27.15 | $1,656.15 | |
| 8/25/2016 | Michael J. Stewart | Insider | Sell | 3,500 | $27.24 | $95,340.00 | |
| 8/18/2016 | John Martin | Insider | Sell | 5,000 | $26.92 | $134,600.00 | |
| 8/1/2016 | Gary Lehman | Director | Buy | 64 | $26.17 | $1,674.88 | |
| 6/1/2016 | Patrick A Sherman | Director | Buy | 19 | $25.95 | $493.05 | |
| 5/13/2016 | Roderick English | Director | Sell | 2,500 | $24.90 | $62,250.00 | |
| 5/2/2016 | Gary Lehman | Director | Buy | 65 | $25.64 | $1,666.60 | |
| 4/1/2016 | Gary Lehman | Director | Buy | 71 | $23.38 | $1,659.98 | |
| 4/1/2016 | Jeffrey B Lorentson | SVP | Buy | 15 | $20.04 | $300.60 | |
| 4/1/2016 | Michael J Stewart | EVP | Buy | 45 | $20.04 | $901.80 | |
| 3/23/2016 | Roderick English | Director | Sell | 1,500 | $23.29 | $34,935.00 | |
| 3/1/2016 | Patrick A. Sherman | Director | Buy | 22 | $22.34 | $491.48 | |
| 2/5/2016 | Charles E. Schalliol | Director | Buy | 1,000 | $22.52 | $22,520.00 | |
| 2/1/2016 | Gary Lehman | Director | Buy | 75 | $22.26 | $1,669.50 | |
| 12/31/2015 | Michael J Stewart | EVP | Buy | 47 | $22.38 | $1,051.86 | |
| 12/14/2015 | Michael R Becher | Director | Buy | 150 | $25.36 | $3,804.00 | |
| 3/23/2015 | Kimberly J Ellington | SVP | Sell | 1,600 | $23.62 | $37,792.00 | |
| 2/27/2015 | Roderick English | Director | Sell | 3,000 | $22.73 | $68,190.00 | |
| 11/13/2014 | Terry L Walker | Director | Buy | 1,000 | $22.23 | $22,230.00 | |
| 9/18/2014 | Charles E Schalliol | Director | Buy | 1,000 | $20.22 | $20,220.00 | |
| 4/29/2014 | Roderick English | Director | Sell | 4,500 | $21.31 | $95,895.00 | |
| 3/13/2014 | William Hoy | Director | Sell | 2,473 | $21.94 | $54,257.62 | |
| 12/9/2013 | Terry Walker | Director | Sell | 6,125 | $21.38 | $130,952.50 | |
| 12/3/2013 | John Martin | SVP | Sell | 5,981 | $20.55 | $122,909.55 | |
| 9/20/2013 | Mark Hardwick | EVP | Sell | 2,332 | $17.24 | $40,203.68 | |
| 6/21/2013 | Roderick English | Director | Sell | 2,000 | $16.79 | $33,580.00 | |
| 6/20/2013 | Michael J Stewart | EVP | Sell | 12,300 | $17.00 | $209,100.00 | |
| 2/25/2013 | John Martin | SVP | Sell | 1,099 | $14.81 | $16,276.19 | |
| 2/25/2013 | Mark K Hardwick | EVP | Sell | 3,280 | $14.81 | $48,576.80 | |
| 2/25/2013 | Michael C Rechin | President | Sell | 4,725 | $14.81 | $69,977.25 | |
(Data available from 1/1/2013 forward)
Headline Trends for First Merchants Corporation (NASDAQ:FRME)
Latest Headlines for First Merchants Corporation (NASDAQ:FRME)
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First Merchants Corporation (FRME) Chart for Sunday, October, 22, 2017
