The stock of First Merchants Corp (NASDAQ:FRME) last traded at $35.53, up 0.20% from the previous session.
FRME stock price is now -12.55% away from the 50-day moving average and -9.98% away from the 200-day moving average. The market capitalization of the company currently stands at $2.08B.
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With the price target maintained at $50, Hovde Group recently Upgraded its rating from Market Perform to Outperform for First Merchants Corp (NASDAQ: FRME). , while ‘Stephens’ rates the stock as ‘Equal-Weight’
In other news, Halderman Howard, Director bought 4 shares of the company’s stock on Dec 30 ’24. The stock was bought for $165 at an average price of $41.24. Upon completion of the transaction, the Director now directly owns 25,131 shares in the company, valued at $0.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, President Stewart Michael J sold 7,248 shares of the business’s stock. A total of $316,955 was realized by selling the stock at an average price of $43.73. This leaves the insider owning 92,664 shares of the company worth $3.29 million. A total of 1.55% of the company’s stock is owned by insiders.
During the past 12 months, First Merchants Corp has had a low of $30.55 and a high of $46.13. The fifty day moving average price for FRME is $40.6272 and a two-hundred day moving average price translates $39.46975 for the stock.
The latest earnings results from First Merchants Corp (NASDAQ: FRME) was released for 2024-12-31. The net profit margin was 18.97% and return on equity was 8.85% for FRME. The company reported revenue of $234.64 million for the quarter, compared to $236.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.99 percent. For the current quarter, analysts expect FRME to generate $170.91M in revenue.
