First Merchants Corp 2017 Q4 Institutional Investor Sentiment Worse Than Expected

May 18, 2018 - By Michael Collier

Sentiment for First Merchants Corp (NASDAQ:FRME)

First Merchants Corp (NASDAQ:FRME) institutional sentiment decreased to 0.81 in Q4 2017. Its down -0.54, from 1.35 in 2017Q3. The ratio has dropped, as 68 active investment managers opened new and increased holdings, while 84 sold and reduced stakes in First Merchants Corp. The active investment managers in our partner’s database now hold: 33.91 million shares, up from 33.67 million shares in 2017Q3. Also, the number of active investment managers holding First Merchants Corp in their top 10 holdings decreased from 3 to 1 for a decrease of 2. Sold All: 20 Reduced: 64 Increased: 47 New Position: 21.

First Merchants Corporation operates as the financial holding firm for First Merchants Bank that provides community banking services. The company has market cap of $2.25 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 21.4 P/E ratio. The firm also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services.

The stock increased 0.28% or $0.12 during the last trading session, reaching $45.37. About 21,156 shares traded. First Merchants Corporation (NASDAQ:FRME) has risen 8.92% since May 18, 2017 and is uptrending. It has underperformed by 2.63% the S&P500.

Analysts await First Merchants Corporation (NASDAQ:FRME) to report earnings on July, 26. They expect $0.75 EPS, up 31.58 % or $0.18 from last year’s $0.57 per share. FRME’s profit will be $37.14 million for 15.12 P/E if the $0.75 EPS becomes a reality. After $0.74 actual EPS reported by First Merchants Corporation for the previous quarter, Wall Street now forecasts 1.35 % EPS growth.

Pl Capital Advisors Llc holds 9.03% of its portfolio in First Merchants Corporation for 811,333 shares. Castine Capital Management Llc owns 220,334 shares or 3.15% of their US portfolio. Moreover, Cardinal Capital Management Llc Ct has 1.8% invested in the company for 1.09 million shares. The Kansas-based Dean Capital Management has invested 1.79% in the stock. First Merchants Corp, a Indiana-based fund reported 193,581 shares.

Since January 1, 0001, it had 9 buys, and 3 selling transactions for $174,579 activity.

First Merchants Corporation (NASDAQ:FRME) Ratings Coverage

Ratings analysis reveals 33% of First Merchants Corp’s analysts are positive. Out of 3 Wall Street analysts rating First Merchants Corp, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $46.0 while the high is $53.0. The stock’s average target of $49 is 8.00% above today’s ($45.37) share price. FRME was included in 6 notes of analysts from December 12, 2017. Keefe Bruyette & Woods maintained the shares of FRME in report on Thursday, December 21 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, January 25. Sandler O’Neill maintained the stock with “Hold” rating in Thursday, January 25 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, December 12. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, February 26 report. The firm has “Hold” rating by Piper Jaffray given on Sunday, January 28.

More news for First Merchants Corporation (NASDAQ:FRME) were recently published by:, which released: “First Merchants’ (FRME) CEO Michael Rechin on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018.‘s article titled: “First Merchants Corporation Announces 32 Percent Increase in First Quarter 2018 Earnings Per Share” and published on April 25, 2018 is yet another important article.

First Merchants Corporation (NASDAQ:FRME) Institutional Positions Chart

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