First Merchants Corporation Depository Shares

Company Profile

First Merchants Corporation Depository Shares had its IPO on 2022-04-01 under the ticker symbol FRMEP.

The company operates in the Financial Services sector and Banks-Regional industry. First Merchants Corporation Depository Shares has a staff strength of 2,124 employees.

Stock update

Shares of First Merchants Corporation Depository Shares opened at $23.94 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $23.87 - $24.1, and closed at $24.01.

This is a -0.91% slip from the previous day's closing price.

A total volume of 3,253 shares were traded at the close of the day’s session.

In the last one week, shares of First Merchants Corporation Depository Shares have slipped by -0.58%.

First Merchants Corporation Depository Shares's Key Ratios

First Merchants Corporation Depository Shares has a market cap of $0, indicating a price to book ratio of 0 and a price to sales ratio of 0.

In the last 12-months First Merchants Corporation Depository Shares’s revenue was $676.30 million with a gross profit of $611.39 million and an EBITDA of $0. The EBITDA ratio measures First Merchants Corporation Depository Shares's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, First Merchants Corporation Depository Shares’s operating margin was 48.3% while its return on assets stood at 1.45% with a return of equity of 12.59%.

In Q2, First Merchants Corporation Depository Shares’s quarterly earnings growth was a positive 61.8% while revenue growth was a positive 17.1%.

First Merchants Corporation Depository Shares’s PE and PEG Ratio

Forward PE

0

Trailing PE

6.3386

PEG

Its diluted EPS in the last 12-months stands at $3.81 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Merchants Corporation Depository Shares’s profitability.

First Merchants Corporation Depository Shares stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 0.

First Merchants Corporation Depository Shares stock pays annual dividends of $1.3 per share, indicating a yield of 7.72% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$17.97 billion

Total Liabilities

$13.60 million

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

0%

First Merchants Corporation Depository Shares ended 2024 with $17.97 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $17.97 billion while shareholder equity stood at $2.15 billion.

First Merchants Corporation Depository Shares ended 2024 with $0 in deferred long-term liabilities, $13.60 million in other current liabilities, 7412000.00 in common stock, $1.10 billion in retained earnings and $712.00 million in goodwill. Its cash balance stood at $328.46 million and cash and short-term investments were $328.46 million. The company’s total short-term debt was $0 while long-term debt stood at $874.81 million.

First Merchants Corporation Depository Shares’s total current assets stands at $418.24 million while long-term investments were $3.89 billion and short-term investments were $1.65 billion. Its net receivables were $89.78 million compared to accounts payable of $13.60 million and inventory worth $0.

In 2024, First Merchants Corporation Depository Shares's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, First Merchants Corporation Depository Shares paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$24.01

52-Week High

$25.3659

52-Week Low

$21.223

Analyst Target Price

$

First Merchants Corporation Depository Shares stock is currently trading at $24.01 per share. It touched a 52-week high of $25.3659 and a 52-week low of $25.3659. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $24.18 and 200-day moving average was $24.01 The short ratio stood at 0.3 indicating a short percent outstanding of 0%.

Around 0% of the company’s stock are held by insiders while 88000% are held by institutions.