First Merchants Corporation (FRME) EPS Estimated At $0.75

July 16, 2018 - By Catherine Diaz

Investors sentiment increased to 1.17 in 2018 Q1. Its up 0.36, from 0.81 in 2017Q4. It increased, as 9 investors sold First Merchants Corporation shares while 54 reduced holdings. 20 funds opened positions while 54 raised stakes. 33.83 million shares or 0.24% less from 33.91 million shares in 2017Q4 were reported.
Ameritas Inv Prtn invested in 0.01% or 3,519 shares. Nordea Inv Management reported 0.03% of its portfolio in First Merchants Corporation (NASDAQ:FRME). Bank & Trust Of Mellon holds 0.01% or 783,132 shares in its portfolio. Connecticut-based Paloma Partners Management has invested 0.01% in First Merchants Corporation (NASDAQ:FRME). Raymond James Fincl Services Advsrs has 9,869 shares. Illinois-based Ubs Asset Americas has invested 0% in First Merchants Corporation (NASDAQ:FRME). Hbk L P has invested 0.01% of its portfolio in First Merchants Corporation (NASDAQ:FRME). Washington-based Fisher Asset Management Ltd has invested 0.01% in First Merchants Corporation (NASDAQ:FRME). Envestnet Asset Mngmt has invested 0% in First Merchants Corporation (NASDAQ:FRME). Price T Rowe Associate Md, Maryland-based fund reported 26,852 shares. Victory Cap Mngmt Inc reported 0% of its portfolio in First Merchants Corporation (NASDAQ:FRME). Moreover, Metropolitan Life Insurance Com Ny has 0% invested in First Merchants Corporation (NASDAQ:FRME). Nomura Inc has invested 0% in First Merchants Corporation (NASDAQ:FRME). Balyasny Asset Limited Liability Com has 24,852 shares for 0% of their portfolio. Advisory Net Ltd Liability Corporation holds 0% of its portfolio in First Merchants Corporation (NASDAQ:FRME) for 99 shares.

Since February 1, 2018, it had 12 buys, and 4 selling transactions for $356,068 activity. $479 worth of stock was bought by Sherman Patrick A on Tuesday, May 1. On Friday, May 4 HARDWICK MARK K sold $197,591 worth of First Merchants Corporation (NASDAQ:FRME) or 4,500 shares. The insider FLUHLER STEPHAN sold $50,260. Stewart Michael J also sold $94,529 worth of First Merchants Corporation (NASDAQ:FRME) shares. The insider Kawiecki Michele sold $26,654.

Analysts expect First Merchants Corporation (NASDAQ:FRME) to report $0.75 EPS on July, 26.They anticipate $0.18 EPS change or 31.58 % from last quarter’s $0.57 EPS. FRME’s profit would be $37.14 million giving it 15.58 P/E if the $0.75 EPS is correct. After having $0.74 EPS previously, First Merchants Corporation’s analysts see 1.35 % EPS growth. The stock increased 0.28% or $0.13 during the last trading session, reaching $46.73. About 63,613 shares traded. First Merchants Corporation (NASDAQ:FRME) has risen 12.38% since July 16, 2017 and is uptrending. It has underperformed by 0.19% the S&P500.

First Merchants Corporation (NASDAQ:FRME) Ratings Coverage

Among 3 analysts covering First Merchants Corp (NASDAQ:FRME), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. First Merchants Corp had 4 analyst reports since January 25, 2018 according to SRatingsIntel. The stock of First Merchants Corporation (NASDAQ:FRME) has “Buy” rating given on Thursday, January 25 by Keefe Bruyette & Woods. Sandler O’Neill maintained it with “Hold” rating and $46.0 target in Thursday, January 25 report. The stock has “Hold” rating by Piper Jaffray on Sunday, January 28. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, February 26.

First Merchants Corporation operates as the financial holding firm for First Merchants Bank that provides community banking services. The company has market cap of $2.31 billion. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. It has a 20.2 P/E ratio. The firm also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services.

Another recent and important First Merchants Corporation (NASDAQ:FRME) news was published by Nasdaq.com which published an article titled: “First Merchants Corporation to Report Second Quarter 2018 Financial Results, Host Conference Call and Web Cast” on July 05, 2018.

First Merchants Corporation (NASDAQ:FRME) Institutional Positions Chart

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