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1 Comment
First Merchants Corporation is currently in a long term downtrend where the price is trading 1.3% below its 200 day moving average.
From a valuation standpoint, the stock is 42.6% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 5.2.
First Merchants Corporation's total revenue rose by 6.5% to $130M since the same quarter in the previous year.
Its net income has dropped by 5.6% to $45M since the same quarter in the previous year.
Finally, its free cash flow grew by 44.0% to $60M since the same quarter in the previous year.
Based on the above factors, First Merchants Corporation gets an overall score of 3/5.
| Exchange | NASDAQ |
|---|---|
| CurrencyCode | USD |
| ISIN | US3208171096 |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Target Price | 46.8 |
|---|---|
| Dividend Yield | 3.4% |
| Beta | 0.93 |
| Market Cap | 3B |
| PE Ratio | 10.84 |
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, home equity lending, vehicle loans, and personal loans; and local commercial lending, asset-based lending solutions, agricultural lending, commercial real estate solutions, debt capital markets, practice finance, public finance, small business administration lending, and sponsor finance services. It also provides personal and commercial wealth management services, trust services, retirement planning, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
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