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

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

Shares of First Merchants (NASDAQ FRME) opened at $44.36 on Thursday. The firm has a market capitalization of $2,172.11, a PE ratio of 20.35, a P/E/G ratio of 2.26 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.93. First Merchants has a 12 month low of $35.26 and a 12 month high of $45.42.

Several analysts recently weighed in on FRME shares. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $46.00 price objective on shares of First Merchants in a research note on Friday, October 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 price objective on shares of First Merchants in a research note on Sunday, October 29th. Zacks Investment Research lowered First Merchants from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. ValuEngine raised First Merchants from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BidaskClub raised First Merchants from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. First Merchants currently has an average rating of “Buy” and an average price target of $47.33.

In other First Merchants news, President Michael C. Rechin sold 5,332 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $41.41, for a total value of $220,798.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael C. Marhenke bought 2,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was purchased at an average price of $43.68 per share, with a total value of $87,360.00. Following the completion of the transaction, the director now directly owns 33,543 shares of the company’s stock, valued at approximately $1,465,158.24. The disclosure for this purchase can be found here. Insiders acquired 5,200 shares of company stock valued at $223,978 over the last quarter. Corporate insiders own 1.41% of the company’s stock.

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First Merchants Company Profile

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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