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First Merchants Corporation (FRME)
34.72  0.73 (2.15%)    04-23 16:00
Open: 34.06
High: 34.95
Volume: 198,238
  
Pre. Close: 33.99
Low: 34.03
Market Cap: 2,058(M)
Technical analysis
2024-04-23 4:22:48 PM
Short term     
Mid term     
Targets 6-month :  41.11 1-year :  48.02
Resists First :  35.2 Second :  41.11
Pivot price 33.47
Supports First :  33.4 Second :  32.29
MAs MA(5) :  33.63 MA(20) :  33.64
MA(100) :  34.39 MA(250) :  31.07
MACD MACD :  -0.1 Signal :  -0.2
%K %D K(14,3) :  75.8 D(3) :  53.1
RSI RSI(14): 59
52-week High :  38.15 Low :  24.52
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ FRME ] has closed below upper band by 3.4%. Bollinger Bands are 23.7% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 34.98 - 35.14 35.14 - 35.3
Low: 33.6 - 33.8 33.8 - 33.98
Close: 34.41 - 34.71 34.71 - 34.99
Company Description

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, as well as public finance. 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 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Headline News

Tue, 23 Apr 2024
First Merchants (NASDAQ:FRME) Downgraded by StockNews.com to "Sell" - MarketBeat

Mon, 22 Apr 2024
First Merchants (FRME) Passes Through 4% Yield Mark - Nasdaq

Sun, 21 Apr 2024
(FRME) On The My Stocks Page - News Stock Traders Daily

Tue, 02 Apr 2024
First Merchants Corporation Announces Cash Dividend - The Globe and Mail

Fri, 15 Mar 2024
Technical Analysis of First Merchants Corporation — TradingView News - TradingView

Fri, 09 Feb 2024
First Merchants Corp. Unveils 2024 Executive Incentive Program - TipRanks.com - TipRanks

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Banks - Regional
Shares Out 59 (M)
Shares Float 58 (M)
Held by Insiders 1.4 (%)
Held by Institutions 75.9 (%)
Shares Short 505 (K)
Shares Short P.Month 494 (K)
Stock Financials
EPS 3.73
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 37.4
Profit Margin 34.5 %
Operating Margin 37.6 %
Return on Assets (ttm) 1.2 %
Return on Equity (ttm) 10.4 %
Qtrly Rev. Growth -10.5 %
Gross Profit (p.s.) 0
Sales Per Share 10.92
EBITDA (p.s.) 0
Qtrly Earnings Growth -40.8 %
Operating Cash Flow 259 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 9.3
PEG Ratio 1.3
Price to Book value 0.92
Price to Sales 3.17
Price to Cash Flow 7.95
Stock Dividends
Dividend 0.34
Forward Dividend 0
Dividend Yield 0.9%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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