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Stock impact report

First Merchants: I Prefer The Common Over The Preferred Stock [Seeking Alpha]

First Merchants Corporation (FRME) 
Last first merchants corporation earnings: 4/23 08:00 am Check Earnings Report
Company Research Source: Seeking Alpha
FRME's common shares offer a compelling risk/reward profile, trading at under 10x earnings and below 1.5x tangible book value. The preferred stock appears less attractive due to a 5% premium over the call price and potential call risk, despite strong dividend coverage. I rate FRME common stock a buy based on robust book value growth, low payout ratio, and attractive valuation metrics. dm3d/iStock via Getty Images Introduction First Merchants Corporation ( FRME ) is an Indiana-based regional bank that has been able to grow its presence and footprint through well-timed acquisitions. As it has been a few years since I last looked at More on my IG service Consider joining European Small-Cap Ideas to gain exclusive access to actionable research on appealing Europe-focused investment opportunities, and to the real-time chat function to discuss ideas with similar-minded investors! This article was written by Analyst's Disclosure: I/we have no stock, option or similar deriv Show less Read more
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