NASDAQ:FRME - First Merchants Stock Price, Price Target & More

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$47.36 -0.29 (-0.61 %)
(As of 06/25/2018 06:16 AM ET)
Previous Close$47.65
Today's Range$46.94 - $47.94
52-Week Range$37.09 - $49.19
Volume1.12 million shs
Average Volume146,949 shs
Market Capitalization$2.35 billion
P/E Ratio19.65
Dividend Yield1.86%
First Merchants logoFirst 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, full-service brokerage, corporate, letters of credit, and repurchase agreements services. It operates 119 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company's delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

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Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks


Debt-to-Equity Ratio0.45
Current Ratio0.93
Quick Ratio0.93


Trailing P/E Ratio19.65
Forward P/E Ratio15.48
P/E Growth2.21

Sales & Book Value

Annual Sales$385.90 million
Price / Sales6.08
Cash Flow$2.3811 per share
Price / Cash19.89
Book Value$26.51 per share
Price / Book1.79


EPS (Most Recent Fiscal Year)$2.41
Net Income$96.07 million
Net Margins26.33%
Return on Equity9.82%
Return on Assets1.36%


Outstanding Shares49,520,000

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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, May 10th. Stockholders of record on Friday, June 1st will be given a dividend of $0.22 per share on Friday, June 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, May 31st. This is an increase from First Merchants's previous quarterly dividend of $0.18. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings data on Thursday, April, 26th. The bank reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. The bank earned $99.48 million during the quarter, compared to the consensus estimate of $98.35 million. First Merchants had a net margin of 26.33% and a return on equity of 9.82%. View First Merchants' Earnings History.

When is First Merchants' next earnings date?

First Merchants is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for First Merchants.

What price target have analysts set for FRME?

2 equities research analysts have issued 12 month price objectives for First Merchants' stock. Their forecasts range from $48.00 to $52.00. On average, they anticipate First Merchants' share price to reach $50.00 in the next twelve months. View Analyst Ratings for First Merchants.

Who are some of First Merchants' key competitors?

Who are First Merchants' key executives?

First Merchants' management team includes the folowing people:
  • Mr. Michael C. Rechin, Pres, CEO & Director (Age 59)
  • Mr. Mark K. Hardwick, Exec. VP, CFO & COO (Age 47)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 49)
  • Mr. Michael J. Stewart, Exec. VP & Chief Banking Officer (Age 52)
  • Ms. Nicole Weaver, Investor Relation

Has First Merchants been receiving favorable news coverage?

Headlines about FRME stock have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Merchants earned a media sentiment score of 0.11 on Accern's scale. They also gave news coverage about the bank an impact score of 45.24 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Who are First Merchants' major shareholders?

First Merchants' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.85%), BlackRock Inc. (5.83%), Vaughan Nelson Investment Management L.P. (3.66%), Cardinal Capital Management LLC CT (2.57%), The Manufacturers Life Insurance Company (2.07%) and Northern Trust Corp (2.00%). Company insiders that own First Merchants stock include Gary Lehman, John Martin, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michele Kawiecki, Patrick A Sherman, Stephan Fluhler, Terry L Walker and William L Hoy. View Institutional Ownership Trends for First Merchants.

Which institutional investors are selling First Merchants stock?

FRME stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Hsbc Holdings PLC, Lord Abbett & CO. LLC, Vaughan Nelson Investment Management L.P., JPMorgan Chase & Co., Federated Investors Inc. PA, Comerica Bank and BNP Paribas Arbitrage SA. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Rechin, Michael J Stewart, Michele Kawiecki and Stephan Fluhler. View Insider Buying and Selling for First Merchants.

Which institutional investors are buying First Merchants stock?

FRME stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Cardinal Capital Management LLC CT, Boston Partners, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Maltese Capital Management LLC, WINTON GROUP Ltd and Algert Global LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $47.36.

How big of a company is First Merchants?

First Merchants has a market capitalization of $2.35 billion and generates $385.90 million in revenue each year. The bank earns $96.07 million in net income (profit) each year or $2.41 on an earnings per share basis. First Merchants employs 1,684 workers across the globe.

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 (FRME)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  216 (Vote Outperform)
Underperform Votes:  268 (Vote Underperform)
Total Votes:  484
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 6/25/2018 by Staff

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