First Merchants Corporation (FRME) Analysts See $0.61 EPS

January 18, 2018 - By Henry Gaston

 First Merchants Corporation (FRME) Analysts See $0.61 EPS
Investors sentiment decreased to 1.35 in Q3 2017. Its down 0.05, from 1.4 in 2017Q2. It turned negative, as 14 investors sold First Merchants Corporation shares while 51 reduced holdings. 34 funds opened positions while 54 raised stakes. 33.67 million shares or 3.16% more from 32.64 million shares in 2017Q2 were reported.
Victory Capital Mngmt owns 5,878 shares or 0% of their US portfolio. Goldman Sachs Group has 1.66 million shares. Parkside Bankshares And Tru has invested 0.01% in First Merchants Corporation (NASDAQ:FRME). 5,671 were reported by Trexquant Investment L P. California State Teachers Retirement Sys accumulated 65,631 shares. Sei Invests Communication has 53,936 shares for 0.01% of their portfolio. United Kingdom-based Gsa Ptnrs Llp has invested 0.03% in First Merchants Corporation (NASDAQ:FRME). Old National Bank In invested in 0.11% or 46,418 shares. Hbk Invs L P accumulated 0.01% or 15,300 shares. Moreover, Bancshares Of Ny Mellon has 0.01% invested in First Merchants Corporation (NASDAQ:FRME) for 779,840 shares. 83,929 are owned by Nationwide Fund Advsrs. Los Angeles Cap Mngmt And Equity stated it has 33,020 shares. Loring Wolcott And Coolidge Fiduciary Advisors Ltd Liability Partnership Ma invested in 480 shares or 0% of the stock. Retail Bank Of Montreal Can invested 0% in First Merchants Corporation (NASDAQ:FRME). Pl Advisors Lc holds 8.94% or 811,333 shares in its portfolio.

Since August 8, 2017, it had 1 insider buy, and 1 insider sale for $62,103 activity. WALKER TERRY L also bought $135,577 worth of First Merchants Corporation (NASDAQ:FRME) on Friday, December 15.

Analysts expect First Merchants Corporation (NASDAQ:FRME) to report $0.61 EPS on January, 25.They anticipate $0.06 EPS change or 10.91 % from last quarter’s $0.55 EPS. FRME’s profit would be $29.98M giving it 17.89 P/E if the $0.61 EPS is correct. After having $0.61 EPS previously, First Merchants Corporation’s analysts see 0.00 % EPS growth. The stock decreased 1.58% or $0.7 during the last trading session, reaching $43.66. About 116,996 shares traded. First Merchants Corporation (NASDAQ:FRME) has risen 59.72% since January 18, 2017 and is uptrending. It has outperformed by 43.02% the S&P500.

First Merchants Corporation (NASDAQ:FRME) Ratings Coverage

Among 5 analysts covering First Merchants (NASDAQ:FRME), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. First Merchants had 12 analyst reports since August 18, 2015 according to SRatingsIntel. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Buy” rating by DA Davidson given on Wednesday, September 28. The stock of First Merchants Corporation (NASDAQ:FRME) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The stock has “Hold” rating by Piper Jaffray on Friday, October 6. The stock has “Overweight” rating by Stephens on Friday, January 29. Keefe Bruyette & Woods maintained it with “Buy” rating and $4600 target in Thursday, June 1 report. Keefe Bruyette & Woods maintained the shares of FRME in report on Tuesday, December 12 with “Buy” rating. The rating was initiated by Stephens on Friday, October 2 with “Equal-Weight”. On Thursday, July 21 the stock rating was initiated by DA Davidson with “Buy”. The firm has “Neutral” rating by SunTrust given on Wednesday, December 16.

First Merchants Corporation operates as the financial holding firm for First Merchants Bank that provides community banking services. The company has market cap of $2.15 billion. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. It has a 20.04 P/E ratio. The firm also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services.

Another recent and important First Merchants Corporation (NASDAQ:FRME) news was published by Globenewswire.com which published an article titled: “First Merchants announces company-wide raise, bonuses” on January 16, 2018.

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