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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.
Industry | Banks-Regional |
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ISIN | US3208171096 |
Sector | Financial Services |
CurrencyCode | USD |
Exchange | NASDAQ |
Market Cap | 2B |
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Beta | 1.1 |
Dividend Yield | 4.1% |
Target Price | 45.83 |
PE Ratio | 7.97 |
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. The company was founded in 1893 and is headquartered in Muncie, Indiana.
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