First Merchants (FRME) Scheduled to Post Quarterly Earnings on Thursday

First Merchants (NASDAQ:FRME) is scheduled to issue its quarterly earnings data before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.

First Merchants (NASDAQ:FRME) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). First Merchants had a net margin of 26.28% and a return on equity of 9.56%. The firm had revenue of $93.09 million during the quarter, compared to analyst estimates of $97.45 million. On average, analysts expect First Merchants to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Merchants (NASDAQ FRME) opened at $44.36 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. First Merchants has a 1-year low of $35.26 and a 1-year high of $45.42. The company has a market capitalization of $2,172.11, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.26 and a beta of 0.91.

FRME has been the topic of several analyst reports. Zacks Investment Research raised First Merchants from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Monday, October 30th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 target price on shares of First Merchants in a report on Sunday, October 29th. ValuEngine raised First Merchants from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub raised First Merchants from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Piper Jaffray Companies reissued a “neutral” rating and set a $46.00 target price on shares of First Merchants in a report on Friday, October 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.33.

In related news, Director Terry L. Walker bought 3,176 shares of First Merchants stock in a transaction dated Friday, December 15th. The shares were bought at an average cost of $42.69 per share, with a total value of $135,583.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark K. Hardwick sold 4,301 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $42.61, for a total value of $183,265.61. The disclosure for this sale can be found here. Over the last three months, insiders have bought 5,200 shares of company stock worth $223,978. 1.41% of the stock is currently owned by insiders.

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About First Merchants

First Merchants Corporation is a financial holding company. The Company has a bank charter, First Merchants Bank (the Bank), which is opened for business in Muncie, Indiana. It operates through community banking business segment. The Bank also operates Lafayette Bank and Trust, and First Merchants Private Wealth Advisors (each as a division of First Merchants Bank).

Earnings History for First Merchants (NASDAQ:FRME)

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