How to Buy First Merchants Stock
First Merchants Corp
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services.
First Merchants stock last closed at $34.39, up 0.58% from the previous day, and has increased 25.24% in one year. It has overperformed other stocks in the Banks - Regional industry by 0 percentage points. First Merchants stock is currently +40.25% from its 52-week low of $24.52, and -9.88% from its 52-week high of $38.16.
As of May 2, 2024, there are 58.59M shares of FRME outstanding. The market capitalization of FRME is $2.01B. In the last 24 hours, 328,651 FRME shares were traded.
How to Buy First Merchants Stock
Wondering how to invest in First Merchants stock? Here's how.
- Decide where to buy First Merchants stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy First Merchants stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your payment method and add your info.
- Evaluate First Merchants stock: The First Merchants ticker symbol is FRME. Is First Merchants stock a good investment? Should you buy shares of FRME? How do FRME's underlying business fundamentals look? Do top analysts think First Merchants is a good buy? Why has FRME's stock price moved recently? (Hint: Our stock research tools can help you figure out if FRME is a good stock to buy).
- Make your FRME trade: Decide if you will purchase FRME shares at the current market price or use a limit order to buy FRME shares at a particular price.
- Keep tabs on your FRME investment: Create a watchlist to keep tabs on your investment in First Merchants shares.
Step 1: Decide where to buy First Merchants stock
You will need an online brokerage account to access the NASDAQ market and buy FRME stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
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- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal info so you are able to invest in FRME stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open a new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on investing apps, you need to deposit funds:
Watch this video walkthrough to see the process of transferring funds into your investment account.
Step 4: Evaluate First Merchants stock
Once you have chosen the best place to buy First Merchants stock, it's absolutely critical to research their stock before you buy, so you truly comprehend the risk and opportunity.
First Merchants shares quick numbers
FRME Fundamentals
WallStreetZen was created to help part-time investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on FRME's stock page.
Is FRME stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge FRME's fair value.
Using relative valuations measures:
- FRME may be undervalued based on its P/E ratio of 9.91x, relative to Banks - Regional industry P/E ratio of -9.72x
- FRME may be undervalued based on its P/B ratio of 0.91x, relative to Banks - Regional industry P/B ratio of 0.99x
- FRME could be overvalued based on its PEG ratio of 11.38x
You can do additional valuation research on FRME's stock here.
FRME Financial Overview
Passed Health Checks:
- FRME earnings of $238.60M is not sufficient to cover its interest payments.
- FRME's operating cash flow of $239.82M allows it to safely service it's debt of $861.65M.
Failed Health Checks:
- FRME has a relatively high debt to equity ratio of 7.23.
- FRME profit margin has gone down from 36.1% to 32.7% in the past year.
- Total FRME debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy FRME stock
Out of 2 Wall Street analysts who monitor FRME, the consensus analyst rating on FRME is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the First Merchants stock forecast page.
FRME Technical Indicators
FRME Growth Numbers
Last year, FRME earnings were $205.77M. Over the last five year, FRME's earnings have increased by 1.19% per year. This was slower than the Banks - Regional industry average of 16.14%.
Last year, FRME revenue was $630.09M. In the past five year, FRME's revenue has increased by 8.79% per year. This was faster than the Banks - Regional industry average of 7.57%.
You can research FRME's earnings and revenue performance here.
Who is buying/selling FRME?
In the past year, insiders at FRME have bought more shares than they have sold.
Michael R. Becher, Director of FRME, was the latest FRME insider to buy. They bought $32,475.00 worth of FRME shares on Apr 9, 2024.
Dig into more about who owns FRME shares here.
Does FRME stock generate passive income?
First Merchants pays a dividend of 3.95%, compared to the Banks - Regional industry's average dividend yield of 3.8%. If you owned $1,000 of FRME stock, you would have been paid $39.55 in the past 12 months.
First Merchants dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about First Merchants dividend yield and history here.
Get analysis from other investors
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your FRME trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and your broker will execute the order.
If you require more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your FRME investment
Now that you own some FRME stock, you'll want to stay up-to-date on your stock purchase.
Add FRME to a watchlist to track your FRME stock.
FRME Feed
How to Buy Stock in First Merchants
To summarize, here are the 6 steps to buy stock in First Merchants:
- Decide where to buy First Merchants stock
- Create your brokerage account
- Deposit money your brokerage account
- Evaluate First Merchants stock
- Make your FRME trade
- Keep tabs on your FRME investment
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in First Merchants, click below.
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