First Merchants Stock Today
| FRME Stock | USD 32.92 0.44 1.35% |
Performance0 of 100
| Odds Of DistressLess than 8
|
First Merchants is trading at 32.92 as of the 19th of April 2024, a 1.35 percent increase since the beginning of the trading day. The stock's lowest day price was 32.38. First Merchants has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for First Merchants are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Banks | IPO Date 25th of February 1992 | Category Financial Services | Classification Financials |
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana. First Merchants operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. The company has 59.28 M outstanding shares of which 504.55 K shares are currently shorted by private and institutional investors with about 1.55 trading days to cover. More on First Merchants
Moving together with First Stock
| 0.65 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.84 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
| 0.88 | PB | Prosperity Bancshares Earnings Call This Week | PairCorr |
Moving against First Stock
| 0.44 | VBFC | Village Bank | PairCorr |
First Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. First Merchants' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding First Merchants or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Michael Rechin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Financial 100, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering First Merchants report their recommendations after researching First Merchants' financial statements, talking to executives and customers, or listening in on First Merchants' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering First Merchants. The First consensus assessment is calculated by taking the average forecast from all of the analysts covering First Merchants. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to First Merchants' liquidity, profitability, solvency, and operating efficiency, First Merchants is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of First Merchants is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
First Merchants' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to First Merchants' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand First Merchants' financial leverage. It provides some insight into what part of First Merchants' total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
First Merchants (FRME) is traded on NASDAQ Exchange in USA. It is located in 200 East Jackson Street, Muncie, IN, United States, 47305-2814 and employs 2,162 people. First Merchants is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.95 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate First Merchants's market, we take the total number of its shares issued and multiply it by First Merchants's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. First Merchants conducts business under Banks sector and is part of Financials industry. The entity has 59.28 M outstanding shares of which 504.55 K shares are currently shorted by private and institutional investors with about 1.55 trading days to cover.
First Merchants currently holds about 299.12 M in cash with 260.19 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.06.
Check First Merchants Probability Of Bankruptcy
Ownership AllocationFirst Merchants holds a total of 59.28 Million outstanding shares. The majority of First Merchants outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in First Merchants to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in First Merchants. Please pay attention to any change in the institutional holdings of First Merchants as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check First Ownership Details
First Stock Price Odds Analysis
What are First Merchants' target price odds to finish over the current price? Based on a normal probability distribution, the odds of First Merchants jumping above the current price in 90 days from now is about 85.0%. The First Merchants probability density function shows the probability of First Merchants stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.5236. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, First Merchants will likely underperform. Additionally, first Merchants has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of First Merchants to move above the current price in 90 days from now is about 85.0 (This First Merchants probability density function shows the probability of First Stock to fall within a particular range of prices over 90 days) .
First Stock Institutional Holders
Institutional Holdings refers to the ownership stake in First Merchants that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of First Merchants' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Merchants' value.| Instituion | Recorded On | Shares | |
| Boston Partners Global Investors, Inc | 2023-12-31 | 860.6 K | |
| William Blair Investment Management, Llc | 2023-12-31 | 826.4 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 760.9 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 744.7 K | |
| Jpmorgan Chase & Co | 2023-12-31 | 739.8 K | |
| Manufacturers Life Insurance Co | 2023-12-31 | 733.1 K | |
| Northern Trust Corp | 2023-12-31 | 708.4 K | |
| Pl Capital Advisors, Llc | 2023-12-31 | 704.3 K | |
| Public Employees Retirt Assn Of Colorado | 2023-12-31 | 700.7 K | |
| Vanguard Group Inc | 2023-12-31 | 6.6 M | |
| Blackrock Inc | 2023-12-31 | 5.2 M |
First Merchants Historical Income Statement
First Merchants Income Statement is one of the three primary financial statements used for reporting First's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of First Merchants revenue and expense. First Merchants Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, First Merchants' Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 107.3 M, whereas EBIT is projected to grow to (2.8 M). View More FundamentalsFirst Stock Against Markets
Picking the right benchmark for First Merchants stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in First Merchants stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for First Merchants is critical whether you are bullish or bearish towards First Merchants at a given time. Please also check how First Merchants' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in First Merchants without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run AI Investment Finder Now
AI Investment FinderUse AI to screen and filter profitable investment opportunities |
| All Next | Launch Module |
First Merchants Corporate Directors
First Merchants corporate directors refer to members of a First Merchants board of directors. The board of directors generally takes responsibility for the First Merchants' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of First Merchants' board members must vote for the resolution. The First Merchants board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michael Fisher | Director | Profile | |
| Terry Walker | Independent Director | Profile | |
| Roderick English | Independent Director | Profile | |
| William Hoy | Independent Director | Profile |
How to buy First Stock?
Before investing in First Merchants, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in First Merchants. To buy First Merchants stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of First Merchants. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase First Merchants stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located First Merchants stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased First Merchants stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as First Merchants, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy First Stock please use our How to Invest in First Merchants guide.
Already Invested in First Merchants?
The danger of trading First Merchants is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Merchants is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Merchants. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Merchants is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether First Merchants is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if First Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about First Merchants Stock. Highlighted below are key reports to facilitate an investment decision about First Merchants Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade First Stock refer to our How to Trade First Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for First Stock analysis
When running First Merchants' price analysis, check to measure First Merchants' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Merchants is operating at the current time. Most of First Merchants' value examination focuses on studying past and present price action to predict the probability of First Merchants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Merchants' price. Additionally, you may evaluate how the addition of First Merchants to your portfolios can decrease your overall portfolio volatility.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
Is First Merchants' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Merchants. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Merchants listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Dividend Share 1.34 | Earnings Share 3.73 | Revenue Per Share 10.918 | Quarterly Revenue Growth (0.10) |
The market value of First Merchants is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Merchants' value that differs from its market value or its book value, called intrinsic value, which is First Merchants' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Merchants' market value can be influenced by many factors that don't directly affect First Merchants' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Merchants' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Merchants is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Merchants' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.