The Technical Analyst
First Merchants Corp [FRME]
Exchange: NASDAQ Sector: Financial Services Industry: Banks—Regional
First Merchants Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals
Current Signal: SELL (auto-tracking)
-0.73% $32.62
America/New_York / 16 apr 2024 @ 15:33
| FUNDAMENTALS | |
|---|---|
| MarketCap: | 1 933.84 mill |
| EPS: | 3.73 |
| P/E: | 8.75 |
| Earnings Date: | Apr 25, 2024 |
| SharesOutstanding: | 59.28 mill |
| Avg Daily Volume: | 0.280 mill |
| RATING 2024-04-16 |
|---|
| A |
| Buy |
| RATINGS | ||
|---|---|---|
| Rating CashFlow: | Strong Buy | |
| Return On Equity: | Neutral | |
| Return On Asset: | Buy | |
| DE: | Neutral | |
| P/E: | Buy | |
| Price To Book: | Buy |
| QUARTER GROWTHS | ||||||
|---|---|---|---|---|---|---|
| 3/22 | 4/22 | 1/23 | 2/23 | 3/23 | 4/23 | |
| Revenue | ||||||
| Gr.Profit | ||||||
| Ebit | ||||||
| Asset | ||||||
| Debt |
| PE RATIO: COMPANY / SECTOR |
|---|
| 0.00x |
| Company: PE 8.75 | sector: PE -18.15 |
| PE RATIO: COMPANY / INDUSTRY |
|---|
| 0.72x |
| Company: PE 8.75 | industry: PE 12.17 |
| DISCOUNTED CASH FLOW VALUE |
|---|
| N/A |
| N/A |
| Expected Trading Range (DAY) |
|---|
|
$ 31.69 - 33.63 ( +/- 2.96%) |
| ATR Model: 14 days |
Insider Trading
| Date | Person | Action | Amount | type |
|---|---|---|---|---|
| 2024-04-09 | Becher Michael R | Buy | 1 500 | Common Stock |
| 2024-04-09 | Becher Michael R | Sell | 1 500 | Non-Employee Director Stock Option (right to buy) |
| 2024-04-09 | Schalliol Charles E | Buy | 1 500 | Common Stock |
| 2024-04-09 | Schalliol Charles E | Sell | 1 500 | Non-Employee Director Stock Option (right to buy) |
| 2024-03-29 | Stewart Michael J | Buy | 36 | Common Stock |
| INSIDER POWER |
|---|
| 14.66 |
| Last 100 transactions |
| Buy: 93 107 | Sell: 67 261 |
Forecast:
16:00 - $32.62
Live Trading Signals (every 1 min)
Forecast
1: 15:42 - $32.64
Forecast 2: 16:00 - $32.62
Forecast 3: 16:00 - $32.62
SCORE
10.00
Buy
10.00
Buy
Score Algorithm Version: 1.2C
Last version updated: Fri April 15th, 2022
Last version updated: Fri April 15th, 2022
| Indicator Signals | |
|---|---|
| RSI 21 | |
| SMA | |
| Trend | |
| Trend 2 | |
| Trend 3 | |
| MACD |
| Volume Signals | |
|---|---|
| Price | $32.62 (-0.73% ) |
| Volume | 0.0803 mill |
| Avg. Vol. | 0.280 mill |
| % of Avg. Vol | 28.63 % |
| Signal 1: | |
| Signal 2: |
Today
Last 12 Months
RSI
Last 10 Buy & Sell Signals For FRME
0 Signals | Accuracy: 0.00% | Accuracy Buy: 0.00% | Accuracy Sell: 0.00%
Avg return buy: 0.00 % | Avg return sell: 0.00 %
$1 invested is now $1.00 or 0.00% since Coming Soon
| Date | Signal | @ | Closed | % | Feb 8 - 15:34 | buy | $33.62 | N/A | Active |
|---|
FRME
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Latest Press Releases
2024-04-15 15:00:00 - Press Release
First Merchants Corporation Announces Cash Dividend On Its Preferred Stock
Muncie, ind., april 15, 2024 (globe newswire) -- first merchants corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% non-cumulative perpetual preferred stock series a, represented by depositary shares (nasdaq: frmep) each representing a 1/100th interest in a share of the series a preferred stock. holders of depositary shares will receive $0.4688 per depositary share. the dividend will be payable on may 15, 2024, to stockholders of record on april 30, 2024.
2024-04-04 10:00:00 - Press Release
First Merchants Corporation To Report First Quarter 2024 Financial Results, Host Conference Call And Webcast
Muncie, ind., april 04, 2024 (globe newswire) -- first merchants corporation (nasdaq:frme) will report first quarter 2024 financial results on april 25, 2024. the corporation will host a first quarter 2024 earnings conference call and webcast at 11:30 a.m. (et) on thursday, april 25, 2024.
2024-02-07 10:00:00 - Press Release
First Merchants Corporation Announces Cash Dividend
Muncie, ind., feb. 07, 2024 (globe newswire) -- first merchants corporation declared a cash dividend on february 6, 2024 of $0.34 per share. the dividend is payable on march 15, 2024, to shareholders of record as of march 1, 2024. for purposes of broker trading, the ex-date of the cash dividend is february 29, 2024.
2024-01-25 08:00:00 - Press Release
First Merchants Corporation Announces Fourth Quarter 2023 Earnings Per Share
Muncie, ind., jan. 25, 2024 (globe newswire) -- first merchants corporation (nasdaq - frme) fourth quarter 2023 highlights: net income available to common stockholders was $42.0 million and diluted earnings per common share totaled $0.71 compared to $70.3 million and $1.19 in the fourth quarter of 2022, and $55.9 million and $0.94 in the third quarter of 2023.
2024-01-23 08:15:00 - Press Release
First Merchants Bank Announces Plans To Expand In Detroit, Bringing Financial Services To Fitzgerald
First merchants bank, a leading community bank committed to serving the needs of all, announced plans for its newest branch in the fitzgerald neighborhood.
Latest News
2024-04-04 10:00:00 - GlobeNewsWire
First Merchants Corporation to Report First Quarter 2024 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., April 04, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report first quarter 2024 financial results on April 25, 2024. The Corporation will host a first quarter 2024 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, April 25, 2024.
2024-01-25 11:31:13 - Zacks Investment Research
First Merchants (FRME) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
2024-01-22 13:50:23 - Zacks Investment Research
Unveiling First Merchants (FRME) Q4 Outlook: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for First Merchants (FRME), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
2024-01-04 10:00:00 - GlobeNewsWire
First Merchants Corporation to Report Fourth Quarter 2023 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., Jan. 04, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2023 financial results on January 25, 2024. The Corporation will host a fourth quarter 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, January 25, 2024.
2023-12-14 09:01:57 - Zacks Investment Research
First Merchants (FRME) Moves 7.1% Higher: Will This Strength Last?
First Merchants (FRME) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
2023-10-26 18:04:11 - Seeking Alpha
First Merchants Corporation (FRME) Q3 2023 Earnings Call Transcript
First Merchants Corporation (NASDAQ:FRME ) Q3 2023 Earnings Conference Call October 26, 2023 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Mike Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Terry McEvoy - Stevens Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Operator Thank you for standing by. Welcome to the First Merchants Corporation Third Quarter 2023 Earnings Conference Call.
2023-10-26 10:33:12 - Zacks Investment Research
First Merchants (FRME) Q3 Earnings and Revenues Miss Estimates
First Merchants (FRME) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.12 per share a year ago.
2023-10-05 10:00:00 - GlobeNewsWire
First Merchants Corporation to Report Third Quarter 2023 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., Oct. 05, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2023 financial results on October 26, 2023. The Corporation will host a third quarter 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, October 26, 2023.
2023-09-06 14:16:00 - Market Watch
Regional banks facing credit losses for commercial real estate: Moody's study
A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.
2023-08-09 12:26:01 - Seeking Alpha
First Merchants: Robust Results Make The 7.7% Yielding Preferred Shares Attractive
First Merchants' financial performance in the second quarter showed improvement in net interest income and decreased non-interest expenses. The bank's ability to cover preferred dividends is strong, with less than 1% of net profit needed to cover the payments. The preferred shares have a small issue size and low dividend requirements, making a call in 2025 more likely.