For its first fiscal quarter (ending March 31), First Merchants Corp (NASDAQ: FRME) has reported E.P.S. of $0.80 compared to $1.07 a year ago. For the latest four quarters through March 31, E.P.S. were $3.48 compared to $3.99 a year ago.
Recent Price Action
First Merchants Corp (NASDAQ: FRME) stock closed at $34.46 on 4/25/24 after a modest decline of -1.7%. Trading volume in this decline was normal. The stock has risen 6.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FRME is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
First Merchants has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Merchants has a good Power Rating of 76 and a good Appreciation Score of 80, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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