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First Merchants Corp. (FRME)
NASDAQ:FRME
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FRME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$30.55 - $46.13
Previous Close$40.89
Volume735.57K
Average Volume (3M)280.76K
Market Cap
$2.37B
Enterprise Value$3.29B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$926.19M
Price to Earnings (P/E)13.4
Beta1.09
Next Earnings
Jan 23, 2025EPS Estimate
$0.9Last Dividend Ex-Date
Dec 06, 2024Dividend Yield3.42%
Share Statistics
EPS (TTM)3.02
Shares Outstanding58,671,078
10 Day Avg. Volume296,943
30 Day Avg. Volume280,760
Standard Deviation0.10
R-Squared0.31
Alpha-0.00409
Financial Highlights & Ratios
Price to Book (P/B)1.04
Price to Sales (P/S)3.99
Price to Cash Flow (P/CF)7.70
P/FCF Ratio3.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.26
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$47.00Price Target Upside14.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
First Merchants News
Ownership Overview
1.47% Insiders
26.11% Mutual Funds
15.29% Other Institutional Investors
34.70% 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 $30.55 and its highest was $46.13 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 Jan 23, 2025 which is in 32 days.
How were First Merchants Corp.’s earnings last quarter?
First Merchants Corp. released its earnings results on Oct 24, 2024. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.902 by -$0.062.
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 $0.349 which represents an annual dividend yield of 3.42%. See more information on First Merchants Corp. dividends here
What is First Merchants Corp.’s EPS estimate?
First Merchants Corp.’s EPS estimate is $0.9.
How many shares outstanding does First Merchants Corp. have?
First Merchants Corp. has 58,671,078 shares outstanding.
What happened to First Merchants Corp.’s price movement after its last earnings report?
First Merchants Corp. reported an EPS of $0.84 in its last earnings report, missing expectations of $0.902. Following the earnings report the stock price went down -3.643%.
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 17M.
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First Merchants Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$47.00 (14.94% Upside)
$47.00 (14.94% Upside)
Blogger Sentiment
Bullish
FRME Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 13.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.5M over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.72%
12-Months-Change
Fundamentals
Return on Equity
8.17%
Trailing 12-Months
Asset Growth
1.95%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong performance in earnings per share growth, net interest margin, and the completion of technology initiatives. However, challenges such as losses from securities sales, a decline in the investment real estate portfolio, and increased classified loans were noted. Overall, the company is well-positioned for future growth, but the lowlights present significant challenges that need addressing.Read More>---
FRME Stock 12 Month Forecast
Average Price Target
$47.00
▲(14.94% Upside)
Technical Analysis
Old National Bancorp Capital
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Heartland Financial USA
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Community Bank System
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Fulton Financial
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Best Analysts Covering FRME
1 Year
1 Year Success Rate
13/18 ratings generated profit
1 Year Average Return
+18.84%
reiterated a buy rating 4 months ago
Copying Damon Delmonte's trades and holding each position for 1 Year would result in 72.22% of your transactions generating a profit, with an average return of +18.84% per trade.
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