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First Merchants (FRME) Competitors

$41.35
+0.92 (+2.28%)
(As of 07/26/2024 ET)

FRME vs. FMBI, FFBC, SFNC, WSBC, WAFD, FHN, WAL, WBS, CBSH, and ZION

Should you be buying First Merchants stock or one of its competitors? The main competitors of First Merchants include First Midwest Bancorp (FMBI), First Financial Bancorp. (FFBC), Simmons First National (SFNC), WesBanco (WSBC), WaFd (WAFD), First Horizon (FHN), Western Alliance Bancorporation (WAL), Webster Financial (WBS), Commerce Bancshares (CBSH), and Zions Bancorporation, National Association (ZION). These companies are all part of the "finance" sector.

First Merchants vs.

First Merchants (NASDAQ:FRME) and First Midwest Bancorp (NASDAQ:FMBI) are both mid-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their community ranking, analyst recommendations, risk, valuation, earnings, profitability, media sentiment, institutional ownership and dividends.

In the previous week, First Merchants had 14 more articles in the media than First Midwest Bancorp. MarketBeat recorded 14 mentions for First Merchants and 0 mentions for First Midwest Bancorp. First Merchants' average media sentiment score of 0.51 beat First Midwest Bancorp's score of 0.00 indicating that First Merchants is being referred to more favorably in the media.

Company Overall Sentiment
First Merchants Positive
First Midwest Bancorp Neutral

First Merchants has higher revenue and earnings than First Midwest Bancorp. First Merchants is trading at a lower price-to-earnings ratio than First Midwest Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Merchants$999.49M2.42$223.79M$3.4711.92
First Midwest Bancorp$789.56M3.11$199.56M$1.6013.44

First Merchants pays an annual dividend of $1.40 per share and has a dividend yield of 3.4%. First Midwest Bancorp pays an annual dividend of $0.56 per share and has a dividend yield of 2.6%. First Merchants pays out 40.3% of its earnings in the form of a dividend. First Midwest Bancorp pays out 35.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

First Merchants has a beta of 1.04, indicating that its share price is 4% more volatile than the S&P 500. Comparatively, First Midwest Bancorp has a beta of 1.09, indicating that its share price is 9% more volatile than the S&P 500.

73.9% of First Merchants shares are held by institutional investors. Comparatively, 81.1% of First Midwest Bancorp shares are held by institutional investors. 1.3% of First Merchants shares are held by company insiders. Comparatively, 1.2% of First Midwest Bancorp shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

First Midwest Bancorp received 75 more outperform votes than First Merchants when rated by MarketBeat users. However, 59.80% of users gave First Merchants an outperform vote while only 58.21% of users gave First Midwest Bancorp an outperform vote.

CompanyUnderperformOutperform
First MerchantsOutperform Votes
354
59.80%
Underperform Votes
238
40.20%
First Midwest BancorpOutperform Votes
429
58.21%
Underperform Votes
308
41.79%

First Midwest Bancorp has a net margin of 25.27% compared to First Merchants' net margin of 17.77%. First Merchants' return on equity of 9.20% beat First Midwest Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
First Merchants17.77% 9.20% 1.09%
First Midwest Bancorp 25.27%8.19%0.96%

First Merchants currently has a consensus price target of $42.50, suggesting a potential upside of 2.78%. Given First Merchants' higher probable upside, equities analysts plainly believe First Merchants is more favorable than First Midwest Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00
First Midwest Bancorp
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
N/A

Summary

First Merchants beats First Midwest Bancorp on 12 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FRME and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FRME vs. The Competition

MetricFirst MerchantsNational commercial banks IndustryFinance SectorNASDAQ Exchange
Market Cap$2.37B$20.00B$9.91B$8.18B
Dividend Yield3.46%3.54%6.62%3.95%
P/E Ratio11.9210.9944.3215.18
Price / Sales2.422.153,612.5176.07
Price / Cash9.809.7417.0533.85
Price / Book1.111.212.594.47
Net Income$223.79M$2.34B$1.02B$216.36M
7 Day Performance6.79%3.46%1.80%1.82%
1 Month Performance27.90%15.27%7.75%7.09%
1 Year Performance30.52%16.57%15.01%4.88%

First Merchants Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FMBI
First Midwest Bancorp
0 of 5 stars
0.00 / 5 stars
$21.51
flat
N/A+0.0%$2.46B$789.56M13.442,074
FFBC
First Financial Bancorp.
4.0638 of 5 stars
4.06 / 5 stars
$28.09
+3.8%
$25.00
-11.0%
+19.4%$2.68B$1.12B11.332,165News Coverage
Positive News
Gap Up
SFNC
Simmons First National
4.1184 of 5 stars
4.12 / 5 stars
$21.90
+0.4%
$22.33
+2.0%
+10.3%$2.75B$1.37B16.473,007Earnings Report
Dividend Announcement
Analyst Forecast
News Coverage
WSBC
WesBanco
3.1961 of 5 stars
3.20 / 5 stars
$32.78
-4.4%
$30.60
-6.7%
+12.6%$1.95B$831.96M13.662,321News Coverage
Gap Down
High Trading Volume
WAFD
WaFd
4.5164 of 5 stars
4.52 / 5 stars
$35.82
+2.7%
$34.25
-4.4%
+13.3%$2.92B$1.10B13.622,120Short Interest ↓
FHN
First Horizon
4.7527 of 5 stars
4.75 / 5 stars
$17.14
+1.7%
$17.31
+1.0%
+25.7%$9.21B$3.12B11.987,378Dividend Announcement
Short Interest ↓
WAL
Western Alliance Bancorporation
4.8212 of 5 stars
4.82 / 5 stars
$81.39
+1.9%
$84.27
+3.5%
+54.4%$8.96B$4.32B11.863,260Analyst Forecast
Insider Selling
Analyst Revision
WBS
Webster Financial
4.9992 of 5 stars
5.00 / 5 stars
$49.24
+1.3%
$55.73
+13.2%
+4.5%$8.44B$3.94B10.094,261Earnings Report
Analyst Forecast
Analyst Revision
News Coverage
CBSH
Commerce Bancshares
4.5212 of 5 stars
4.52 / 5 stars
$65.08
+1.3%
$58.86
-9.6%
+21.2%$8.43B$1.61B18.154,728Dividend Announcement
Insider Selling
News Coverage
ZION
Zions Bancorporation, National Association
4.3916 of 5 stars
4.39 / 5 stars
$52.29
+0.9%
$48.06
-8.1%
+36.0%$7.72B$3.02B13.149,679Earnings Report
Analyst Forecast
Analyst Revision
News Coverage

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This page (NASDAQ:FRME) was last updated on 7/27/2024 by MarketBeat.com Staff

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