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First Merchants Corp. (FRME)
NASDAQ:FRME
First Merchants (FRME) Stock Price & Analysis
120 Followers
FRME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$23.43 - $37.77
Previous Close$35.65
Volume265.96K
Average Volume (3M)266.00K
Market Cap
$2.09B
Enterprise Value$2.96B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$872.05M
Price to Earnings (P/E)10.3
Beta0.77
Next Earnings
Jul 25, 2024EPS Estimate
$0.79Last Dividend Ex-Date
Feb 29, 2024Dividend Yield3.81%
Share Statistics
EPS (TTM)3.46
Shares Outstanding58,585,479
10 Day Avg. Volume217,239
30 Day Avg. Volume266,002
Standard Deviation0.10
R-Squared0.36
Alpha-0.00559
Financial Highlights & Ratios
Price to Book (P/B)1.38
Price to Sales (P/S)3.33
Price to Cash Flow (P/CF)6.00
P/FCF Ratio2.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.99
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$42.75Price Target Upside18.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
First Merchants News
PremiumCompany Announcements
First Merchants Corp Announces Board Leadership Restructuring
Ownership Overview
3.14% Insiders
27.47% Mutual Funds
27.61% Other Institutional Investors
41.78% 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 Jul 25, 2024 which is in 76 days.
How were First Merchants Corp.’s earnings last quarter?
First Merchants Corp. released its earnings results on Apr 25, 2024. The company reported $0.8 earnings per share for the quarter, missing the consensus estimate of $0.824 by -$0.024.
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 3.81%. See more information on First Merchants Corp. dividends here
What is First Merchants Corp.’s EPS estimate?
First Merchants Corp.’s EPS estimate is $0.79.
How many shares outstanding does First Merchants Corp. have?
First Merchants Corp. has 58,585,480 shares outstanding.
What happened to First Merchants Corp.’s price movement after its last earnings report?
First Merchants Corp. reported an EPS of $0.8 in its last earnings report, missing expectations of $0.824. Following the earnings report the stock price went down -1.683%.
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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10
Analyst Consensus
Moderate Buy
Average Price Target:
$42.75 (18.72% Upside)
$42.75 (18.72% 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
43.40%
12-Months-Change
Fundamentals
Return on Equity
9.55%
Trailing 12-Months
Asset Growth
0.76%
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
Q1 2024
0:00 / 0:00
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FRME Stock 12 Month Forecast
Average Price Target
$42.75
▲(18.72% Upside)
Technical Analysis
Community Bank System
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West Bancorporation
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Hancock Whitney
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International Bancshares
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Best Analysts Covering FRME
1 Year
1 Year Success Rate
10/16 ratings generated profit
1 Year Average Return
+17.58%
assigned a buy rating 2 days ago
Copying Damon Delmonte's trades and holding each position for 1 Year would result in 62.50% of your transactions generating a profit, with an average return of +17.58% per trade.
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