First Merchants (NASDAQ:FRME – Get Free Report) issued its quarterly earnings results on Thursday. The bank reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05, Briefing.com reports. The firm had revenue of $265.95 million during the quarter, compared to analysts’ expectations of $160.55 million. First Merchants had a net margin of 17.77% and a return on equity of 9.17%. During the same quarter in the prior year, the business earned $0.94 EPS.
First Merchants Price Performance
Shares of NASDAQ:FRME traded down $0.25 on Friday, reaching $35.75. 264,108 shares of the company were exchanged, compared to its average volume of 250,839. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.42. First Merchants has a 1-year low of $25.74 and a 1-year high of $42.44. The company has a 50-day moving average of $37.24 and a 200-day moving average of $35.49. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 10.37 and a beta of 1.02.
First Merchants Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.35 per share. The ex-dividend date was Friday, September 6th. This represents a $1.40 annualized dividend and a dividend yield of 3.92%. First Merchants’s payout ratio is currently 40.35%.
Analysts Set New Price Targets
Get Our Latest Analysis on First Merchants
About First Merchants
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.
Featured Articles
- Five stocks we like better than First Merchants
- Find and Profitably Trade Stocks at 52-Week Lows
- Texas Roadhouse Stock Steering for New Highs This Year
- Most Volatile Stocks, What Investors Need to Know
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- The Role Economic Reports Play in a Successful Investment Strategy
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for First Merchants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Merchants and related companies with MarketBeat.com's FREE daily email newsletter.