Our top pick for
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
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 1,891 staff and has a trailing 12-month revenue of around USD$429.4 million.
|Latest market close||USD$36.33|
|52-week range||USD$20.6189 - USD$40.7756|
|50-day moving average||USD$34.3603|
|200-day moving average||USD$27.651|
|Wall St. target price||USD$36.8|
|Dividend yield||USD$1.04 (2.82%)|
|Earnings per share (TTM)||USD$2.777|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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.
|1 week (2021-01-08)||-9.40%|
|1 month (2020-12-16)||-2.21%|
|3 months (2020-10-15)||45.96%|
|6 months (2020-07-15)||40.60%|
|1 year (2020-01-15)||-11.76%|
|2 years (2019-01-15)||-1.38%|
|3 years (2018-01-12)||44.2|
|5 years (2016-01-15)||60.82%|
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||USD$429.4 million|
|Operating margin TTM||43.72%|
|Gross profit TTM||USD$440.5 million|
|Return on assets TTM||1.16%|
|Return on equity TTM||8.45%|
|Market capitalisation||USD$2 billion|
TTM: trailing 12 months
There are currently 819,909 First Merchants Corporation shares held short by investors – that's known as First Merchants Corporation's "short interest". This figure is 52.5% up from 537,494 last month.
There are a few different ways that this level of interest in shorting First Merchants Corporation shares can be evaluated.
First Merchants Corporation's "short interest ratio" (SIR) is the quantity of First Merchants Corporation shares currently shorted divided by the average quantity of First Merchants Corporation shares traded daily (recently around 223408.44686649). First Merchants Corporation's SIR currently stands at 3.67. In other words for every 100,000 First Merchants Corporation shares traded daily on the market, roughly 3670 shares are currently held short.
However First Merchants Corporation's short interest can also be evaluated against the total number of First Merchants Corporation shares, or, against the total number of tradable First Merchants Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case First Merchants Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 First Merchants Corporation shares in existence, roughly 10 shares are currently held short) or 0.014% of the tradable shares (for every 100,000 tradable First Merchants Corporation shares, roughly 14 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against First Merchants Corporation.
Find out more about how you can short First Merchants Corporation stock.
Dividend payout ratio: 37.01% of net profits
Recently First Merchants Corporation has paid out, on average, around 37.01% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.82% 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 2.82% return on their shares, in the form of dividend payments. In First Merchants Corporation's case, that would currently equate to about $1.04 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 18 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 3 December 2020 (the "ex-dividend date").
First Merchants Corporation's shares were split on a 105:100 basis on 27 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 $20.6189 up to $40.7756. 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 1.3302. This would suggest that First Merchants Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a 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. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans. 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 128 banking locations in thirty Indiana, two Illinois, two Ohio, and two Michigan counties. The company offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Everything we know about the Vacasa IPO, plus information on how to buy in.
Everything we know about the William Penn Bancorp IPO, plus information on how to buy in.
Everything we know about the Landos Biopharma Inc IPO, plus information on how to buy in.
Everything we know about the First High-School Education Group Co Ltd IPO, plus information on how to buy in.
Everything we know about the Knowlton Development Corp IPO, plus information on how to buy in.
Steps to owning and managing SASR, with 24-hour and historical pricing before you buy.
Steps to owning and managing SAIL, with 24-hour and historical pricing before you buy.
Steps to owning and managing SAF, with 24-hour and historical pricing before you buy.
Steps to owning and managing RDHL, with 24-hour and historical pricing before you buy.
Steps to owning and managing SBFG, with 24-hour and historical pricing before you buy.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.