First Merchants Corporation (FRME): Price and Financial Metrics


First Merchants Corporation (FRME): $45.33

-0.45 (-0.98%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

FRME POWR Grades


  • FRME scores best on the Stability dimension, with a Stability rank ahead of 92% of US stocks.
  • The strongest trend for FRME is in Value, which has been heading up over the past 157 days.
  • FRME ranks lowest in Quality; there it ranks in the 35th percentile.

FRME Stock Summary

  • Of note is the ratio of First Merchants Corp's sales and general administrative expense to its total operating expenses; 85.69% of US stocks have a lower such ratio.
  • Equity multiplier, or assets relative to shareholders' equity, comes in at 7.91 for First Merchants Corp; that's greater than it is for 86.65% of US stocks.
  • The volatility of First Merchants Corp's share price is greater than that of merely 16.19% US stocks with at least 200 days of trading history.
  • Stocks with similar financial metrics, market capitalization, and price volatility to First Merchants Corp are FMAO, LSBK, FUNC, UBSI, and ABCB.
  • Visit FRME's SEC page to see the company's official filings. To visit the company's web site, go to www.firstmerchants.com.

FRME Valuation Summary

  • In comparison to the median Financial Services stock, FRME's price/earnings ratio is 9.09% higher, now standing at 12.
  • FRME's EV/EBIT ratio has moved down 1.6 over the prior 243 months.
  • FRME's EV/EBIT ratio has moved down 1.6 over the prior 243 months.

Below are key valuation metrics over time for FRME.

Stock Date P/S P/B P/E EV/EBIT
FRME 2017-12-27 6.7 1.6 22.5 21.6
FRME 2008-11-24 2.5 1.0 12.4 20.7
FRME 2006-11-06 3.2 1.4 14.7 20.3
FRME 2006-08-09 3.0 1.3 13.5 19.5
FRME 2004-03-25 3.5 1.5 16.3 18.6
FRME 2002-09-23 4.0 1.5 15.1 14.9

FRME Growth Metrics

    Its 4 year net income to common stockholders growth rate is now at 139%.
  • Its 2 year cash and equivalents growth rate is now at 70.31%.
  • The 3 year cash and equivalents growth rate now stands at 14.31%.
FRME's revenue has moved up $110,106,000 over the prior 33 months.

The table below shows FRME's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2021-09-30 518.195 221.111 202.933
2021-06-30 491.519 185.22 186.373
2021-03-31 453.975 186.128 163.806
2020-12-31 433.38 204.811 148.6
2020-09-30 429.397 187.105 151.295
2020-06-30 433.305 210.107 151.842

FRME's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • FRME has a Quality Grade of C, ranking ahead of 32.77% of graded US stocks.
  • FRME's asset turnover comes in at 0.034 -- ranking 308th of 430 Banking stocks.
  • HTLF, EWBC, and FNB are the stocks whose asset turnover ratios are most correlated with FRME.

The table below shows FRME's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-06-30 0.034 1 0.016
2021-03-31 0.032 1 0.014
2020-12-31 0.032 1 0.013
2020-09-30 0.033 1 0.013
2020-06-30 0.034 1 0.014
2020-03-31 0.037 1 0.016

FRME Price Target

For more insight on analysts targets of FRME, see our FRME price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $48.33 Average Broker Recommendation 1.42 (Moderate Buy)

FRME Stock Price Chart Interactive Chart >

Price chart for FRME

FRME Price/Volume Stats

Current price $45.33 52-week high $50.65
Prev. close $45.78 52-week low $36.59
Day low $45.25 Volume 158,125
Day high $45.80 Avg. volume 172,818
50-day MA $42.21 Dividend yield 2.53%
200-day MA $42.79 Market Cap 2.44B

First Merchants Corporation (FRME) Company Bio


First Merchants Corporation provides community banking services in Indiana, Illinois, and Ohio counties. The company was founded in 1893 and is headquartered in Muncie, Indiana.


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Latest FRME News From Around the Web

Below are the latest news stories about First Merchants Corp that investors may wish to consider to help them evaluate FRME as an investment opportunity.

First Merchants Corporation to Report Fourth Quarter 2021 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., Jan. 06, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2021 financial results on January 27, 2022. The Corporation will host a fourth quarter 2021 earnings conference call and webcast at 2:30 p.m. (ET) on Thursday, January 27, 2022. To participate, dial (Toll Free) 877-806-2932 and reference Conference ID 2169777. International callers please call +1 478-219-0639. In order to view the webcast and presentation slides, please go to http

Yahoo | January 6, 2022

Zacks: Brokerages Anticipate First Merchants Co. (NASDAQ:FRME) Will Announce Quarterly Sales of $134.63 Million

Wall Street brokerages expect First Merchants Co. (NASDAQ:FRME) to post sales of $134.63 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for First Merchants earnings. The lowest sales estimate is $130.10 million and the highest is $138.00 million. First Merchants posted sales of $129.79 million in the same quarter []

Dakota Financial News | December 16, 2021

Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Level One Bancorp, Inc. – LEVL KSF Filing Alert (PRNewsfoto/Kahn Swick & Foti, LLC)

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Level One Bancorp, Inc. (NasdaqGS: LEVL) to First Merchants Corporation. Under the terms […]

iCrowdNewswire | December 13, 2021

OLD National Bancorp IN Has $1.16 Million Stake in First Merchants Co. (NASDAQ:FRME)

OLD National Bancorp IN trimmed its holdings in shares of First Merchants Co. (NASDAQ:FRME) by 42.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,643 shares of the banks stock after selling 20,083 shares during the period. OLD National Bancorp IN owned []

Transcript Daily | December 12, 2021

Private Advisor Group LLC Trims Stock Position in First Merchants Co. (NASDAQ:FRME)

Private Advisor Group LLC cut its stake in shares of First Merchants Co. (NASDAQ:FRME) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,419 shares of the banks stock after selling 1,126 shares during the quarter. Private Advisor Group LLCs holdings []

Dakota Financial News | December 11, 2021

Read More 'FRME' Stories Here

FRME Price Returns

1-mo 14.15%
3-mo 5.61%
6-mo 16.75%
1-year N/A
3-year 29.53%
5-year 44.42%
YTD 8.21%
2021 14.99%
2020 -6.93%
2019 24.61%
2018 -16.93%
2017 13.63%

FRME Dividends

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Continue Researching FRME

Here are a few links from around the web to help you further your research on First Merchants Corp's stock as an investment opportunity:

First Merchants Corp (FRME) Stock Price | Nasdaq
First Merchants Corp (FRME) Stock Quote, History and News - Yahoo Finance
First Merchants Corp (FRME) Stock Price and Basic Information | MarketWatch

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