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

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

First Merchants announced a quarterly dividend on Friday, May 10th. Investors of record on Monday, May 20th will be given a dividend of $0.26 per share on Friday, June 21st. This represents a $1.04 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, May 17th. This is a boost from First Merchants's previous quarterly dividend of $0.22. View First Merchants' Dividend History.

First Merchants Co. (NASDAQ:FRME) posted its quarterly earnings data on Thursday, April, 25th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by $0.02. The bank had revenue of $103.58 million for the quarter, compared to analysts' expectations of $107.28 million. First Merchants had a return on equity of 11.59% and a net margin of 32.34%. View First Merchants' Earnings History.

First Merchants is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for First Merchants.

5 equities research analysts have issued 1-year target prices for First Merchants' shares. Their forecasts range from $39.00 to $47.00. On average, they expect First Merchants' stock price to reach $43.00 in the next year. This suggests a possible upside of 17.9% from the stock's current price. View Analyst Price Targets for First Merchants.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Merchants.

Press coverage about FRME stock has been trending somewhat positive recently, InfoTrie reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First Merchants earned a news sentiment score of 1.3 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for First Merchants.

First Merchants saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,164,800 shares, an increase of 13.4% from the April 30th total of 1,027,100 shares. Based on an average daily volume of 198,900 shares, the short-interest ratio is presently 5.9 days. Currently, 2.4% of the shares of the company are sold short. View First Merchants' Current Options Chain.

Some companies that are related to First Merchants include Cullen/Frost Bankers (CFR), Akbank T.A.S. (AKBTY), BOK Financial (BOKF), Synovus Financial (SNV), CIT Group (CIT), First Horizon National (FHN), PacWest Bancorp (PACW), Pinnacle Financial Partners (PNFP), Webster Financial (WBS), Sterling Bancorp (STL), F.N.B. (FNB), MB Financial (MBFI), Valley National Bancorp (VLY), TCF Financial (TCF) and Community Bank System (CBU).

Based on aggregate information from My MarketBeat watchlists, some companies that other First Merchants investors own include BankFinancial (BFIN), Goodyear Tire & Rubber (GT), Sirius XM (SIRI), Ball (BLL), ConocoPhillips (COP), Appian (APPN), Coupa Software (COUP), Amicus Therapeutics (FOLD), I.D. Systems (IDSY) and Jazz Pharmaceuticals (JAZZ).

First Merchants' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (2.91%), The Manufacturers Life Insurance Company (2.12%), FMR LLC (2.09%), Boston Partners (1.47%), Kennedy Capital Management Inc. (0.72%) and Nordea Investment Management AB (0.56%). Company insiders that own First Merchants stock include 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.

FRME stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Marshall Wace LLP, Dean Investment Associates LLC, Pier Capital LLC, Vaughan Nelson Investment Management L.P., Algert Global LLC, FMR LLC and First Quadrant L P CA. Company insiders that have sold First Merchants company stock in the last year include Michael C Marhenke, Michael C Rechin and Stephan Fluhler. View Insider Buying and Selling for First Merchants.

FRME stock was acquired by a variety of institutional investors in the last quarter, including First Merchants Corp, Kennedy Capital Management Inc., Los Angeles Capital Management & Equity Research Inc., Martingale Asset Management L P, Advisor Partners LLC, Nordea Investment Management AB, Boston Advisors LLC and Boston Partners. 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.

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, Scottrade, Fidelity and Charles Schwab.

One share of FRME stock can currently be purchased for approximately $36.46.

First Merchants has a market capitalization of $1.81 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.

The official website for First Merchants is http://www.firstmerchants.com/.

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]