Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
First Merchants Corp Market Cap
The First Merchants Corp (FRME) share price is expected to increase by 4.6% over the next year. This is based on calculating the average 12-month share price estimate provided by 6 stock analysts who have covered FRME. Price targets range from $41 at the low end to $50 at the high end. The current analyst consensus for FRME is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
FRME is a stock in Financial Services which has been forecasted to be worth $45.16667 as an average. On the higher end, the forecast price is $50 USD by Daniel Tamayo from Raymond James and on the lower end FRME is forecasted to be $41 by from .
These are the latest 20 analyst ratings of FRME.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Damon Delmonte Keefe, Bruyette & Woods | Outperform | $50 | Maintains | Dec 4, 2024 |
| Nathan Race Piper Sandler | Overweight | $47 | Maintains | Oct 28, 2024 |
| Damon Delmonte Keefe, Bruyette & Woods | Outperform | $45 | Maintains | Aug 28, 2024 |
| Damon Delmonte Keefe, Bruyette & Woods | Outperform | $45 | Reiterates | Jul 29, 2024 |
| Nathan Race Piper Sandler | Overweight | $50 | Maintains | Jul 29, 2024 |
| Terry McEvoy Stephens & Co. | Overweight | $45 | Maintains | Jul 26, 2024 |
| Scott Siefers Piper Sandler | Overweight | $42.5 | Maintains | Apr 29, 2024 |
| Daniel Tamayo Raymond James | Outperform | $40 | Maintains | Jan 29, 2024 |
| Scott Siefers Piper Sandler | Overweight | $36 | Maintains | Oct 30, 2023 |
| Daniel Tamayo Raymond James | Outperform | $33 | Maintains | Oct 30, 2023 |
| Daniel Tamayo Raymond James | Outperform | $36 | Maintains | Jul 27, 2023 |
| Terry McEvoy Stephens & Co. | Overweight | $34 | Reiterates | Jul 26, 2023 |
| Daniel Tamayo Raymond James | Outperform | $38 | Maintains | Apr 26, 2023 |
| Daniel Tamayo Raymond James | Outperform | $43 | Maintains | Apr 6, 2023 |
| Daniel Tamayo Raymond James | Outperform | $50 | Downgrade | Feb 21, 2023 |
| Daniel Tamayo Raymond James | Strong Buy | $50 | Maintains | Jan 30, 2023 |
| Daniel Tamayo Raymond James | Strong Buy | $52 | Maintains | Oct 26, 2022 |
| Daniel Tamayo Raymond James | Strong Buy | $48 | Upgrade | Jul 7, 2022 |
Janney Montgomery Scott | Buy | Upgrade | Jul 29, 2021 | |
| Daniel Tamayo Raymond James | Outperform | $47 | Maintains | Jul 28, 2021 |
When did it IPO
1992
Staff Count
2,162
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Mark K. Hardwick
Market Cap
$2.53B
In 2023, FRME generated $651.0M in revenue, which was a increase of 3.64% from the previous year. This can be seen as a signal that FRME's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 13 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - First Merchants Corporation declared a cash dividend of $0.35 per share, payable on December 20, 2024, with an ex-date of December 5, 2024. Record date is December 6, 2024.
Why It Matters - The cash dividend declaration signals financial stability and profitability for First Merchants Corporation, which could attract more investors and support share price appreciation.
Thu, 24 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - First Merchants Corporation (NASDAQ:FRME) will hold its Q3 2024 earnings conference call on October 24, 2024, at 11:30 AM ET, featuring key executives and analysts from various firms.
Why It Matters - The earnings call provides insights into First Merchants Corporation's financial health and future outlook, impacting stock performance and investor sentiment.
Thu, 24 Oct 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - First Merchants Corporation (FRME) reported Q3 2024 net income of $48.7 million ($0.84 per share), down from $55.9 million ($0.94) in Q3 2023, but up from $39.5 million ($0.68) in Q2 2024.
Why It Matters - First Merchants Corporation reported a decline in net income and earnings per share compared to the previous year, signaling potential concerns about profitability and growth for investors.
Thu, 24 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - First Merchants (FRME) released its quarterly performance data for September 2024, which should be compared to Wall Street estimates and prior year results for better insights.
Why It Matters - Comparing First Merchants' performance to Wall Street estimates and prior year results provides context for growth, profitability, and market expectations, influencing stock valuation and investment decisions.
Thu, 24 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - First Merchants (FRME) reported quarterly earnings of $0.95 per share, exceeding the Zacks Consensus Estimate of $0.91, and up from $0.94 per share year-over-year.
Why It Matters - First Merchants' earnings beat expectations, signaling strong performance and potential growth, which can boost investor confidence and impact stock valuation positively.
Tue, 15 Oct 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - First Merchants Corporation declared a quarterly cash dividend of $0.4688 per depositary share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, payable on November 15, 2024.
Why It Matters - The dividend declaration signals financial stability and profitability for First Merchants Corporation, potentially attracting income-focused investors and impacting stock prices positively.
The information that Ticker Nerd provides is general in nature as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Ticker Nerd is for information purposes only. Ticker Nerd is not responsible for any damages or losses that may occur as a result of reliance on this information. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. All content, group, messaging, tweets, newsletter, article, and email created by Ticker Nerd is intended for educational and information purposes only, is not financial, investment, legal or tax advice, and is a restatement, summary or extract of other data and research reports that are widely distributed from sources such as, but not limited to, Bloomberg, Market Watch, Wall Street Journal, Google Finance, and Yahoo Finance. Ticker Nerd is not a registered financial, investment, legal or tax advisor and is not liable for any financial loss you may incur acting on any information provided by Ticker Nerd. By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results.
