First Merchants Corporation (FRME): Price and Financial Metrics


First Merchants Corporation (FRME): $42.90

0.40 (+0.94%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

FRME POWR Grades


  • Stability is the dimension where FRME ranks best; there it ranks ahead of 92.96% of US stocks.
  • FRME's strongest trending metric is Stability; it's been moving up over the last 51 weeks.
  • FRME ranks lowest in Quality; there it ranks in the 30th percentile.

FRME Stock Summary

  • Of note is the ratio of First Merchants Corp's sales and general administrative expense to its total operating expenses; 86.4% of US stocks have a lower such ratio.
  • FRME's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 85.47% of US stocks.
  • First Merchants Corp's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 14.06%, greater than the shareholder yield of 85.14% of stocks in our set.
  • Stocks with similar financial metrics, market capitalization, and price volatility to First Merchants Corp are UBOH, HMST, THFF, FFNW, and SIGI.
  • FRME's SEC filings can be seen here. And to visit First Merchants Corp's official 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 5 year net income to common stockholders growth rate is now at 144.56%.
  • Its 3 year price growth rate is now at 50.5%.
  • Its 5 year price growth rate is now at 20.14%.
FRME's revenue has moved up $83,430,000 over the prior 30 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
2021-06-30 491.519 185.22 186.373
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
2020-03-31 442.093 197.959 159.906

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 29.95% of graded US stocks.
  • FRME's asset turnover comes in at 0.034 -- ranking 310th of 433 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 $42.90 52-week high $50.65
Prev. close $42.50 52-week low $23.98
Day low $42.89 Volume 196,000
Day high $43.63 Avg. volume 170,501
50-day MA $41.25 Dividend yield 2.7%
200-day MA $43.06 Market Cap 2.32B

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.


FRME Latest News Stream


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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 Announces Cash Dividend

MUNCIE, Ind., Aug. 11, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on August 10, 2021 of $0.29 per share. The dividend is payable on September 17, 2021, to shareholders of record as of September 3, 2021. For purposes of broker trading, the ex-date of the cash dividend is September 2, 2021.

Intrado Digital Media | August 11, 2021

First Merchants Corporation (FRME) Q2 2021 Earnings Call Transcript

FRME earnings call for the period ending June 30, 2021.

The Motley Fool | July 26, 2021

First Merchants Corporation Announces Second Quarter 2021 Earnings Per Share

MUNCIE, Ind., July 26, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported second quarter 2021 net income of $55.6 million compared to $33 million during the same period in 2020. Earnings per share for the period totaled $1.03 per share compared to the second quarter of 2020 result of $.62 per share. Year-to-date net income totaled $105 million compared to $67.3 million during the six months ended June 30, 2020. Year-to-date earnings per share totaled $1.94 compared to $1.24 during the same period in 2020.

Intrado Digital Media | July 26, 2021

First Merchants (FRME) Tops Q2 Earnings and Revenue Estimates

First Merchants (FRME) delivered earnings and revenue surprises of 9.57% and 3.04%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Yahoo | July 26, 2021

What You Need To Know About First Merchants Corporation's (NASDAQ:FRME) Investor Composition

The big shareholder groups in First Merchants Corporation ( NASDAQ:FRME ) have power over the company. Institutions...

Yahoo | July 26, 2021

Read More 'FRME' Stories Here

FRME Price Returns

1-mo 9.92%
3-mo 7.93%
6-mo -6.68%
1-year 75.77%
3-year 6.52%
5-year 81.23%
YTD 16.90%
2020 -6.93%
2019 24.61%
2018 -16.93%
2017 13.63%
2016 51.07%

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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