First Merchants Corporation (NASDAQ:FRME) is expected to pay $0.15 on Dec 16, 2016. The indicated annual dividend is $0.60. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on First Merchants Corporation’s current price of $33.68, the dividend is 0.45%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 16, 2016. The stock decreased 1.32% or $0.45 during the last trading session, hitting $33.68. First Merchants Corporation (NASDAQ:FRME) has risen 32.65% since April 26, 2016 and is uptrending. It has outperformed by 27.39% the S&P500.
First Merchants Corporation is a financial holding Company. The company has a market cap of $1.37 billion. The Firm has a bank charter, First Merchants Bank, National Association , which is opened for business in Muncie, Indiana. It has a 18.66 P/E ratio. The Bank also operates Lafayette Bank and Trust, Ameriana Bank, Ameriana Financial Services and First Merchants Trust Company as divisions of First Merchants Bank, N.A.
Insitutional Activity: The institutional sentiment increased to 1.56 in 2016 Q2. Its up 0.46, from 1.1 in 2016Q1. The ratio is positive, as 6 funds sold all First Merchants Corporation shares owned while 44 reduced positions. 8 funds bought stakes while 47 increased positions. They now own 30.26 million shares or 0.92% less from 30.54 million shares in 2016Q1.
Parametric Port Assoc Ltd owns 39,752 shares or 0% of their US portfolio. Vanguard Grp Inc has 1.59 million shares for 0% of their US portfolio. Alpine Woods Capital Invsts Ltd Llc reported 9,000 shares or 0.01% of all its holdings. The New Jersey-based Fcg Ltd Liability Company has invested 0.71% in First Merchants Corporation (NASDAQ:FRME). Bancorporation Of New York Mellon has 0% invested in the company for 232,858 shares. Comml Bank Of Montreal Can has 70,840 shares for 0% of their US portfolio. Minerva Advsr Ltd Liability accumulated 0.2% or 11,960 shares. Nordea Inv Mgmt Ab last reported 119,781 shares in the company. Us Retail Bank De holds 0% of its portfolio in First Merchants Corporation (NASDAQ:FRME) for 36 shares. Blackrock has 0% invested in the company for 11,076 shares. Manufacturers Life The holds 511,049 shares or 0.02% of its portfolio. Putnam Invs Ltd Liability Com accumulated 229,375 shares or 0.01% of the stock. Pl Capital Advisors Limited Liability Company owns 811,333 shares or 6.89% of their US portfolio. Zebra Cap Ltd Liability Co holds 44,082 shares or 0.38% of its portfolio. The New York-based Tiaa Cref Investment Mngmt Ltd Limited Liability Company has invested 0% in First Merchants Corporation (NASDAQ:FRME).
Insider Transactions: Since June 1, 2016, the stock had 10 insider buys, and 3 sales for $475,200 net activity. Lehman Gary bought $1,661 worth of stock. $509 worth of shares were bought by Sherman Patrick A on Tuesday, November 1. $95,324 worth of First Merchants Corporation (NASDAQ:FRME) was sold by Stewart Michael J on Thursday, August 25. $134,587 worth of First Merchants Corporation (NASDAQ:FRME) was sold by MARTIN JOHN on Thursday, August 18. LORENTSON JEFFREY B bought $296 worth of stock or 14 shares. HARDWICK MARK K had sold 7,700 shares worth $255,170 on Friday, November 18.
First Merchants Corporation (NASDAQ:FRME) Ratings Coverage
Out of 3 analysts covering First Merchants (NASDAQ:FRME), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. First Merchants has been the topic of 7 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was initiated by Stephens on Friday, October 2 with “Equal-Weight”. On Tuesday, August 18 the stock rating was upgraded by Zacks to “Sell”. The firm has “Overweight” rating by Stephens given on Friday, January 29. DA Davidson maintained First Merchants Corporation (NASDAQ:FRME) rating on Wednesday, September 28. DA Davidson has “Buy” rating and $30 price target. As per Thursday, July 21, the company rating was initiated by DA Davidson. The stock of First Merchants Corporation (NASDAQ:FRME) has “Neutral” rating given on Wednesday, December 16 by SunTrust.
More recent First Merchants Corporation (NASDAQ:FRME) news were published by: Businesswire.com which released: “First Merchants Corporation Announces a 7% Increase in Cash Dividend” on November 16, 2016. Also Streetinsider.com published the news titled: “Form 8-K FIRST MERCHANTS CORP For: Nov 10” on November 10, 2016. Businesswire.com‘s news article titled: “First Merchants Corporation to Report Second Quarter 2016 Financial Results …” with publication date: May 02, 2016 was also an interesting one.
FRME Company Profile
First Merchants Corporation, incorporated on September 20, 1982, is a financial holding company. The Firm has a bank charter, First Merchants Bank, National Association (the Bank), which is opened for business in Muncie, Indiana. The Bank also operates Lafayette Bank and Trust, Ameriana Bank, Ameriana Financial Services and First Merchants Trust Company as divisions of First Merchants Bank, N.A. The Bank includes approximately 120 banking locations in approximately 30 Indiana, over two Illinois and over two Ohio counties. In addition to its branch network, the Company’s delivery channels include automated teller machines, check cards, remote deposit capture, interactive voice response systems and Internet technology. The Company, through the Bank, offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services; providing full-service brokerage, and providing other corporate services, letters of credit and repurchase agreements.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.