S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:FRME

First Merchants (FRME) Stock Forecast, Price & News

$38.90
+0.46 (+1.20%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$38.00
$38.94
50-Day Range
$38.44
$44.26
52-Week Range
$37.67
$47.39
Volume
213,000 shs
Average Volume
241,524 shs
Market Capitalization
$2.31 billion
P/E Ratio
10.21
Dividend Yield
3.02%
Beta
1.07
30 days | 90 days | 365 days | Advanced Chart
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First Merchants logo

About First Merchants

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 public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Headlines

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Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FRME
CUSIP
32081710
Employees
1,821
Year Founded
1982

Sales & Book Value

Annual Sales
$555.96 million
Cash Flow
$4.06 per share
Book Value
$30.40 per share

Profitability

Net Income
$205.53 million
Pretax Margin
42.73%

Debt

Price-To-Earnings

Miscellaneous

Free Float
58,725,000
Market Cap
$2.31 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/18 Dividend
3/03/2022
Dividend Payable
3/18/2022
Last Earnings
4/26/2022
Today
5/21/2022
Ex-Dividend for 6/17 Dividend
6/02/2022
Dividend Payable
6/17/2022
Next Earnings (Estimated)
7/25/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

3.33 out of 5 stars

Finance Sector

46th out of 1,351 stocks

National Commercial Banks Industry

8th out of 110 stocks

Analyst Opinion: 2.5Community Rank: 4.1Dividend Strength: 4.2Insider Behavior: 3.3Valuation: 2.5 5 -4 -3 -2 -1 -













First Merchants (NASDAQ:FRME) Frequently Asked Questions

Is First Merchants a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" First Merchants stock.
View analyst ratings for First Merchants
or view top-rated stocks.

Are investors shorting First Merchants?

First Merchants saw a increase in short interest in April. As of April 30th, there was short interest totaling 811,000 shares, an increase of 23.0% from the April 15th total of 659,300 shares. Based on an average trading volume of 276,500 shares, the short-interest ratio is currently 2.9 days.
View First Merchants' Short Interest
.

When is First Merchants' next earnings date?

First Merchants is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
View our earnings forecast for First Merchants
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings data on Tuesday, April, 26th. The bank reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The bank had revenue of $128.18 million for the quarter, compared to analysts' expectations of $131.07 million. First Merchants had a net margin of 36.71% and a trailing twelve-month return on equity of 10.90%. During the same period in the previous year, the business earned $0.91 earnings per share.
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 Thursday, May 12th. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.32 per share on Friday, June 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Thursday, June 2nd. This is a boost from First Merchants's previous quarterly dividend of $0.29.
View First Merchants' dividend history
.

Is First Merchants a good dividend stock?

First Merchants pays an annual dividend of $1.16 per share and currently has a dividend yield of 3.02%. First Merchants has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of First Merchants is 30.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Merchants will have a dividend payout ratio of 26.19% next year. This indicates that First Merchants will be able to sustain or increase its dividend.
View First Merchants' dividend history.

What price target have analysts set for FRME?

3 equities research analysts have issued 1-year target prices for First Merchants' stock. Their forecasts range from $47.00 to $48.00. On average, they expect First Merchants' stock price to reach $47.33 in the next year. This suggests a possible upside of 21.7% from the stock's current price.
View analysts' price targets for First Merchants
or view top-rated stocks among Wall Street analysts.

Who are First Merchants' key executives?
First Merchants' management team includes the following people:
  • Mr. Mark K. Hardwick, CEO & Director (Age 51, Pay $1.09M) (LinkedIn Profile)
  • Mr. Michael J. Stewart, Pres (Age 56, Pay $962.98k)
  • Ms. Michele M. Kawiecki, Exec. VP, CFO & Principal Accounting Officer (Age 49, Pay $601.55k)
  • Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 53, Pay $527.17k)
  • Mr. Michael C. Rechin, Advisor & Director (Age 63, Pay $45.18k)
  • Mr. John J. Martin, Exec. VP & Chief Credit Officer (Age 55, Pay $595.75k)
  • Mr. Marcos Nogues C.F.A., Chief Investment Officer
  • Ms. Nicole M. Weaver, VP & Director of Corp. Admin.
  • Mr. Brian T. Hunt, Sec. & Legal Counsel (Age 62)
  • Ms. Karen Evens, VP & Director of Marketing
What is Michael C. Rechin's approval rating as First Merchants' CEO?

48 employees have rated First Merchants CEO Michael C. Rechin on Glassdoor.com. Michael C. Rechin has an approval rating of 82% among First Merchants' employees.

What other stocks do shareholders of First Merchants own?
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 shareholders include Vanguard Group Inc. (10.61%), BlackRock Inc. (7.41%), Earnest Partners LLC (4.56%), Dimensional Fund Advisors LP (4.92%), Cardinal Capital Management LLC CT (4.34%) and State Street Corp (3.50%). Company insiders that own First Merchants stock include Mark K Hardwick, Michael C Marhenke, Michael R Becher, Patrick A Sherman, Patrick A Sherman, Stephan Fluhler 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 Bank of New York Mellon Corp, Earnest Partners LLC, Northern Trust Corp, Goldman Sachs Group Inc., Cardinal Capital Management LLC CT, Guggenheim Capital LLC, Verition Fund Management LLC, and Captrust Financial Advisors. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, and Stephan Fluhler.
View insider buying and selling activity for First Merchants
or view top insider-selling stocks.

Which institutional investors are buying First Merchants stock?

FRME stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Neumeier Poma Investment Counsel LLC, Pier Capital LLC, Victory Capital Management Inc., State Street Corp, Dimensional Fund Advisors LP, EJF Capital LLC, and Nordea Investment Management AB.
View insider buying and selling activity for First Merchants
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Merchants' stock price today?

One share of FRME stock can currently be purchased for approximately $38.90.

How much money does First Merchants make?

First Merchants has a market capitalization of $2.31 billion and generates $555.96 million in revenue each year. The bank earns $205.53 million in net income (profit) each year or $3.809990 on an earnings per share basis.

How many employees does First Merchants have?

First Merchants employs 1,821 workers across the globe.

When was First Merchants founded?

First Merchants was founded in 1982.

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) 747-1500, via email at [email protected], or via fax at 765-282-6304.

This page was last updated on 5/22/2022 by MarketBeat.com Staff

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