Value Investing Philosophy And First Merchants Corporation (NASDAQ: FRME)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Volume reached 2,327 shares, with price reaching a high of $40.61 and a low of $40.61. Recently, Yahoo Finance discussed the stock, revealing that First Merchants Corporation Announces Second Quarter 2022 Earnings per Share.

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Stocks Info

FRME belongs to the Financial sector of the NASDAQ while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $40.61 and fluctuated between $40.90 as its day high and $40.33 as its day low. The current market capitalization of First Merchants Corporation is $2.26B. A total of 98737.0 shares were traded on the day, compared to an average of 189.07K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FRME has seen 12 BUY and 3 SELL insider trades, representing the acquisition of 6,025 and the disposition of 12,400 shares. Over the last 12 months, there were 69 BUYs and 14 SELLs from insiders. Insiders purchased 63,249 shares during that period but sold 44,648.

In the most recent transaction, Fehring Patrick J. sold 10,400 shares of FRME for 38.40 per share on May 20. After the transaction, the Director now owns 138,988 company shares. In a previous transaction on May 19, Fehring Patrick J. sold 600 shares at 39.01 per share. FRME shares that Director owns now total 149,388.

Among the insiders who sold shares, Fehring Patrick J. disposed of 1,400 shares on May 18 at a per-share price of $39.43. This resulted in the Director holding 149,988 shares of FRME after the transaction. In another insider transaction, Sherman Patrick A bought 12 shares at $40.19 per share on May 02. Company shares held by the Director now total 51,125.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. First Merchants Corporation pays an annual dividend of $1.28, resulting in a dividend yield of 3.15%, and it has a price to earnings (P/E) ratio of 11.86. FRME’s most recent ex-dividend date was 06/02/2022 when it declared a $0.32 quarterly dividend that was paid in cash on 06/17/2022. Previously, the company paid the dividend on 03/18/2022 with an ex-dividend date of 03/03/2022. The dividend was $0.29 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FRME in the last 3 months, the mean price target is $48.67 with high estimates of $52.00 and low estimates of $46.00. In terms of 52-week highs and lows, FRME has a high of $46.12 and a low of $34.07.

As of this writing, FRME has an earnings estimate of $1.06 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.13 per share and a lower estimate of $0.95. The company reported an EPS of $1.01 in the last quarter, which was 14.77% higher than expectations of $0.88.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FRME is Overweight with a score of 5.00. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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