First Merchants Corporation (NASDAQ:FRME) will post its quarterly earnings results before the market opens on Thursday, October 26th. Analysts expect First Merchants Corporation to post earnings of $0.57 per share for the quarter.

First Merchants Corporation (NASDAQ:FRME) last released its earnings results on Thursday, July 27th. The bank reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $81.53 million for the quarter, compared to analyst estimates of $78.75 million. First Merchants Corporation had a return on equity of 9.63% and a net margin of 27.04%. On average, analysts expect First Merchants Corporation to post $2.32 EPS for the current fiscal year and $2.69 EPS for the next fiscal year.

First Merchants Corporation (FRME) opened at 42.83 on Thursday. First Merchants Corporation has a 12-month low of $25.84 and a 12-month high of $44.36. The company’s 50-day moving average price is $41.20 and its 200-day moving average price is $40.41. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 19.56 and a beta of 0.94.

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In related news, insider Mark K. Hardwick sold 1,851 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $39.69, for a total value of $73,466.19. Following the completion of the sale, the insider now owns 75,120 shares in the company, valued at $2,981,512.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 66 shares of company stock valued at $2,644 in the last quarter. 1.41% of the stock is currently owned by corporate insiders.

FRME has been the subject of a number of recent research reports. BidaskClub downgraded First Merchants Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded First Merchants Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of First Merchants Corporation in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $44.33.

First Merchants Corporation 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 Corporation (NASDAQ:FRME)

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