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First Merchants Corp. (FRME)
NASDAQ:FRME
First Merchants (FRME) Stock Price & Analysis
121 Followers
FRME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$23.43 - $37.77
Previous Close$32.48
Volume209.08K
Average Volume (3M)279.45K
Market Cap
$1.93B
Enterprise Value$2.80B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$872.05M
Price to Earnings (P/E)8.7
Beta0.78
Next Earnings
Apr 25, 2024EPS Estimate
$0.82Last Dividend Ex-Date
Feb 29, 2024Dividend Yield4.18%
Share Statistics
EPS (TTM)3.73
Shares Outstanding59,339,426
10 Day Avg. Volume196,763
30 Day Avg. Volume279,453
Standard Deviation0.10
R-Squared0.36
Alpha-0.00638
Financial Highlights & Ratios
Price to Book (P/B)1.28
Price to Sales (P/S)3.07
Price to Cash Flow (P/CF)5.60
P/FCF Ratio2.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.66
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$43.00Price Target Upside30.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
First Merchants News
PremiumCompany Announcements
First Merchants Corp. Unveils 2024 Executive Incentive Program
PremiumCompany Announcements
First Merchants Corp. Declares Cash Dividend for Shareholders
Ownership Overview
3.10% Insiders
28.25% Mutual Funds
22.19% Other Institutional Investors
46.47% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FRME FAQ
What was First Merchants Corp.’s price range in the past 12 months?
First Merchants Corp. lowest stock price was $23.43 and its highest was $37.77 in the past 12 months.
What is First Merchants Corp.’s market cap?
Currently, no data Available
When is First Merchants Corp.’s upcoming earnings report date?
First Merchants Corp.’s upcoming earnings report date is Apr 25, 2024 which is in 6 days.
How were First Merchants Corp.’s earnings last quarter?
First Merchants Corp. released its earnings results on Jan 25, 2024. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.856 by -$0.146.
Is First Merchants Corp. overvalued?
According to Wall Street analysts First Merchants Corp.’s price is currently Undervalued.
Does First Merchants Corp. pay dividends?
First Merchants Corp. pays a Quarterly dividend of $0.34 which represents an annual dividend yield of 4.18%. See more information on First Merchants Corp. dividends here
What is First Merchants Corp.’s EPS estimate?
First Merchants Corp.’s EPS estimate is $0.82.
How many shares outstanding does First Merchants Corp. have?
First Merchants Corp. has 59,283,760 shares outstanding.
What happened to First Merchants Corp.’s price movement after its last earnings report?
First Merchants Corp. reported an EPS of $0.71 in its last earnings report, missing expectations of $0.856. Following the earnings report the stock price went down -2.923%.
Which hedge fund is a major shareholder of First Merchants Corp.?
Among the largest hedge funds holding First Merchants Corp.’s share is Fisher Asset Management LLC. It holds First Merchants Corp.’s shares valued at 18M.
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First Merchants Stock Smart Score
Neutral
1
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5
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8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$43.00 (30.62% Upside)
$43.00 (30.62% Upside)
Hedge Fund Trend
Decreased
By 12.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $342.8K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
9.52%
12-Months-Change
Fundamentals
Return on Equity
10.45%
Trailing 12-Months
Asset Growth
2.61%
Trailing 12-Months
Company Description
First Merchants Corp.
First Merchants Corp. (Indiana) is a holding company, which engages in the provision of financial services. It operates through the following segments: Commercial, Commercial Real Estate, Consumer, Residential, and Finance Leases. The Commercial lending segment is primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The Commercial Real Estate lending involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. The Consumer and Residential segments establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. The company was founded in September 1982 and is headquartered in Muncie, IN.
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FRME Company Deck
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FRME Earnings Call
Q4 2024
0:00 / 0:00
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FRME Stock 12 Months Forecast
Average Price Target
$43.00
▲(30.62% Upside)
Technical Analysis
Hancock Whitney
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International Bancshares
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City Holding Company
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Heritage Financial
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Best Analysts Covering FRME
1 Year
1 Year Success Rate
8/14 ratings generated profit
1 Year Average Return
+19.14%
assigned a buy rating 3 months ago
Copying Damon Delmonte's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of +19.14% per trade.
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