FRME Stock Summary and Trading Ideas (First Merchants | NASDAQ:FRME)

First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment which is community banking.

First Merchants trades on the NASDAQ stock market under the symbol FRME.

As of April 18, 2024, FRME stock price climbed to $32.92 with 185,595 million shares trading.

FRME has a beta of 1.37, meaning it tends to be more sensitive to market movements. FRME has a correlation of 0.25 to the broad based SPY ETF.

FRME has a market cap of $1.95 billion. This is considered a Small Cap stock.

Last quarter First Merchants reported $157 million in Revenue and $.87 earnings per share. This fell short of revenue expectation by $-9 million and met earnings estimates .

In the last 3 years, FRME stock traded as high as $48.66 and as low as $24.52.

The top ETF exchange traded funds that FRME belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

FRME has underperformed the market in the last year with a return of +10.4%, while the SPY ETF gained +22.3%. In the last 3 month period, FRME fell short of the market, returning -3.6%, while SPY returned +6.1%. However, in the most recent 2 weeks FRME has outperformed the stock market by returning -1.6%, while SPY returned -3.8%.

FRME support price is $31.85 and resistance is $33.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FRME stock will trade within this expected range on the day.