Regional Banks Trading Below Book Value And Paying Dividends [Forbes]
First Merchants Corporation (FRME)
Last first merchants corporation earnings: 4/23 08:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
firstmerchants.com/news/2017/07/17/general/first-merchants-corporation-completes-its-merger-with-independent-alliance-banks-inc.
Company Research
Source: Forbes
Almost all of the stocks in the sector suffered dramatic sell-offs and have yet to climb back to previous highs. Is there value to be found among those financial institutions in the sector that managed to stay alive? SPDR Regional Banking ETF is the benchmark for the sector, owns 140 stocks, trades with a price-earnings ratio of 8.90 and at 1.07 book value. Here's the weekly price chart: First Merchants is based in Muncie, Indiana with a history dating back to 1910. The bank's market capitalization is $2.04 billion. It's a Russell 2000 small cap with average daily volume of just 210,ooo shares. The stock trades with a price-earnings ratio of 8.12 at a 2% discount to its book value. The dividend is 3.92%. The weekly price chart below shows how the company definitely participated in the March/April, 2023 slide and how it found a low near $24 in May, 2022. By December, 2023, First Merchants traded as high as $38 and has dropped from there to the current $34.16. Independent Bankco
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FRME
News
- First Merchants (FRME) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- First Merchants (FRME) Beats Q1 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- First Merchants Corporation Announces First Quarter 2024 Earnings Per Share [Yahoo! Finance]Yahoo! Finance
- First Merchants Corporation Announces First Quarter 2024 Earnings Per ShareGlobeNewswire
- First Merchants Co. (NASDAQ: FRME) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
FRME
Earnings
- 4/25/24 - Miss
FRME
Sec Filings
- 4/25/24 - Form 13F-HR
- 4/25/24 - Form 8-K
- 4/25/24 - Form 8-K
- FRME's page on the SEC website