First Merchants Corporation is a banks - regional business based in the US. First Merchants Corporation shares (FRME) are listed on the NASDAQ and all prices are listed in US Dollars. First Merchants Corporation employs 2,162 staff and has a trailing 12-month revenue of around $601.3 million.
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| Latest market close | $37.39 |
|---|---|
| 52-week range | $24.89 - $42.45 |
| 50-day moving average | $36.44 |
| 200-day moving average | $34.59 |
| Wall St. target price | $45.17 |
| PE ratio | 12.5 |
| Dividend yield | $1.37 (3.59%) |
| Earnings per share (TTM) | $3.12 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $37.39 from 2024-09-05
| 1 week (2024-08-30) | -4.13% |
|---|---|
| 1 month (2024-08-07) | 5.53% |
| 3 months (2024-06-07) | 18.32% |
| 6 months (2024-03-07) | 8.25% |
| 1 year (2023-09-07) | 29.96% |
|---|---|
| 2 years (2022-09-07) | -5.72% |
| 3 years (2021-09-07) | 40.16 |
| 5 years (2019-09-06) | 12.61% |
Valuing First Merchants Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of First Merchants Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
First Merchants Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, First Merchants Corporation shares trade at around 13x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
First Merchants Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.68. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into First Merchants Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
| Revenue TTM | $601.3 million |
|---|---|
| Operating margin TTM | 36.49% |
| Gross profit TTM | $611.4 million |
| Return on assets TTM | 1.03% |
| Return on equity TTM | 8.57% |
| Profit margin | 31.05% |
| Book value | $37.68 |
| Market Capitalization | $2.3 billion |
TTM: trailing 12 months
Dividend payout ratio: 41.19% of net profits
Recently First Merchants Corporation has paid out, on average, around 41.19% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.59% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), First Merchants Corporation shareholders could enjoy a 3.59% return on their shares, in the form of dividend payments. In First Merchants Corporation's case, that would currently equate to about $1.37 per share.
While First Merchants Corporation's payout ratio might seem fairly standard, it's worth remembering that First Merchants Corporation may be investing much of the rest of its net profits in future growth.
First Merchants Corporation's most recent dividend payout was on 19 September 2024. The latest dividend was paid out to all shareholders who bought their shares by 4 September 2024 (the "ex-dividend date").
First Merchants Corporation's shares were split on a 105:100 basis on 26 August 2003. So if you had owned 100 shares the day before before the split, the next day you'd have owned 105 shares. This wouldn't directly have changed the overall worth of your First Merchants Corporation shares – just the quantity. However, indirectly, the new 4.8% lower share price could have impacted the market appetite for First Merchants Corporation shares which in turn could have impacted First Merchants Corporation's share price.
Over the last 12 months, First Merchants Corporation's shares have ranged in value from as little as $24.886 up to $42.445. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while First Merchants Corporation's is 1.047. This would suggest that First Merchants Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana. .
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