Free Trial
NASDAQ:FRME

First Merchants (FRME) Stock Price, News & Analysis

$33.33
+0.13 (+0.39%)
(As of 05/24/2024 ET)
Today's Range
$32.90
$33.53
50-Day Range
$32.48
$36.01
52-Week Range
$25.70
$38.16
Volume
415,957 shs
Average Volume
204,734 shs
Market Capitalization
$1.95 billion
P/E Ratio
9.61
Dividend Yield
4.08%
Price Target
$41.25

First Merchants MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.8% Upside
$41.25 Price Target
Short Interest
Healthy
0.95% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.62
Upright™ Environmental Score
News Sentiment
1.30mentions of First Merchants in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$105,912 Sold Last Quarter
Proj. Earnings Growth
5.23%
From $3.25 to $3.42 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.89 out of 5 stars

Finance Sector

36th out of 861 stocks

National Commercial Banks Industry

8th out of 84 stocks

FRME stock logo

About First Merchants Stock (NASDAQ:FRME)

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

FRME Stock Price History

FRME Stock News Headlines

First Merchants Corp.
Piper Sandler Reaffirms Their Buy Rating on First Merchants (FRME)
Q1 2024 First Merchants Corp Earnings Call
See More Headlines
Receive FRME Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for First Merchants and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
4/25/2024
Today
5/25/2024
Ex-Dividend for 6/21 Dividend
6/07/2024
Dividend Payable
6/21/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FRME
CUSIP
32081710
Employees
2,162
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$41.25
High Stock Price Target
$42.50
Low Stock Price Target
$40.00
Potential Upside/Downside
+23.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$223.79 million
Pretax Margin
23.15%

Debt

Sales & Book Value

Annual Sales
$999.49 million
Cash Flow
$4.14 per share
Book Value
$37.55 per share

Miscellaneous

Free Float
57,812,000
Market Cap
$1.95 billion
Optionable
Optionable
Beta
1.08

Social Links

Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

FRME Stock Analysis - Frequently Asked Questions

Should I buy or sell First Merchants stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FRME shares.
View FRME analyst ratings
or view top-rated stocks.

What is First Merchants' stock price target for 2024?

2 brokerages have issued 1-year target prices for First Merchants' stock. Their FRME share price targets range from $40.00 to $42.50. On average, they expect the company's stock price to reach $41.25 in the next twelve months. This suggests a possible upside of 23.8% from the stock's current price.
View analysts price targets for FRME
or view top-rated stocks among Wall Street analysts.

How have FRME shares performed in 2024?

First Merchants' stock was trading at $37.08 at the start of the year. Since then, FRME stock has decreased by 10.1% and is now trading at $33.33.
View the best growth stocks for 2024 here
.

When is First Merchants' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our FRME earnings forecast
.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) announced its quarterly earnings results on Thursday, April, 25th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. The bank had revenue of $153.70 million for the quarter, compared to the consensus estimate of $154.95 million. First Merchants had a trailing twelve-month return on equity of 10.21% and a net margin of 20.15%.

How often does First Merchants pay dividends? What is the dividend yield for First Merchants?

First Merchants announced a quarterly dividend on Tuesday, May 7th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.35 per share on Friday, June 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Friday, June 7th. This is an increase from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for FRME
.

Is First Merchants a good dividend stock?

First Merchants (NASDAQ:FRME) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.10%. FRME has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 39.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRME will have a dividend payout ratio of 39.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FRME.

What is Michael C. Rechin's approval rating as First Merchants' CEO?

48 employees have rated First Merchants Chief Executive Officer Michael C. Rechin on Glassdoor.com. Michael C. Rechin has an approval rating of 82% among the company's employees.

What other stocks do shareholders of First Merchants own?
Who are First Merchants' major shareholders?

First Merchants' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.15%), Earnest Partners LLC (4.47%), Principal Financial Group Inc. (1.54%), William Blair Investment Management LLC (1.41%), Public Employees Retirement Association of Colorado (1.19%) and PL Capital Advisors LLC (1.16%). Insiders that own company stock include Charles E Schalliol, Gary Lehman, Jason R Sondhi, Mark K Hardwick, Michael C Rechin, Michael J Stewart, Patrick A Sherman, Patrick J Fehring and Stephan Fluhler.
View institutional ownership trends
.

How do I buy shares of First Merchants?

Shares of FRME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FRME) was last updated on 5/25/2024 by MarketBeat.com Staff

From Our Partners