First Merchants Corp's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 65/403 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 45.60.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
First Merchants Corp's Score
Industry at a Glance
Industry Ranking
65 / 403
Overall Ranking
122 / 4563
Industry
Banking Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
6
analysts
Buy
Current Rating
45.600
Target Price
+22.48%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
First Merchants Corp Highlights
StrengthsRisks
First Merchants Corporation is a financial holding company. The Company has one full-service bank charter, First Merchants Bank (the Bank). The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). Through the Bank, the Company offers a broad range of commercial and consumer banking services to meet the diverse needs of its customers. Its commercial banking team offers a full spectrum of debt capital, treasury management services and depository products. The consumer banking group offers a variety of consumer deposit and lending products. The mortgage banking team offers consumer mortgage solutions to assist with the purchase, refinance, construction or renovation of residential properties. Private Wealth Advisors offers personal wealth management services with expertise in investment management, private banking, fiduciary estate and financial planning. The Bank includes about 110 banking locations in Indiana, Ohio, and Michigan.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 40.91%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 40.91%.
Fairly Valued
The company’s latest PB is 0.92, at a medium 3-year percentile range.
First Merchants Corporation is a financial holding company. The Company has one full-service bank charter, First Merchants Bank (the Bank). The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). Through the Bank, the Company offers a broad range of commercial and consumer banking services to meet the diverse needs of its customers. Its commercial banking team offers a full spectrum of debt capital, treasury management services and depository products. The consumer banking group offers a variety of consumer deposit and lending products. The mortgage banking team offers consumer mortgage solutions to assist with the purchase, refinance, construction or renovation of residential properties. Private Wealth Advisors offers personal wealth management services with expertise in investment management, private banking, fiduciary estate and financial planning. The Bank includes about 110 banking locations in Indiana, Ohio, and Michigan.
Ticker SymbolFRME
CompanyFirst Merchants Corp
CEOHardwick (Mark K)
Websitehttps://ir.firstmerchants.com/
FAQs
What is the current price of First Merchants Corp (FRME)?
The current price of First Merchants Corp (FRME) is 38.260.
What is the symbol of First Merchants Corp?
The ticker symbol of First Merchants Corp is FRME.
What is the 52-week high of First Merchants Corp?
The 52-week high of First Merchants Corp is 45.620.
What is the 52-week low of First Merchants Corp?
The 52-week low of First Merchants Corp is 33.130.
What is the market capitalization of First Merchants Corp?
The market capitalization of First Merchants Corp is 2.19B.
What is the net income of First Merchants Corp?
The net income of First Merchants Corp is 199.53M.
Is First Merchants Corp (FRME) currently rated as Buy, Hold, or Sell?
According to analysts, First Merchants Corp (FRME) has an overall rating of Buy, with a price target of 45.600.
What is the Earnings Per Share (EPS TTM) of First Merchants Corp (FRME)?
The Earnings Per Share (EPS TTM) of First Merchants Corp (FRME) is 4.011.