Today, a Director at First Merchants Corp, Charles Schalliol, exercised options of First Merchants Corp (NASDAQ: FRME) for $21.6K. The options were close to expired and Charles Schalliol retained stocks.
Following Charles Schalliol’s last FRME Buy transaction on March 23, 2017, the stock climbed by 8.9%. In addition to Charles Schalliol, 5 other FRME executives reported Buy trades in the last month.
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Based on First Merchants Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $113 million and quarterly net profit of $36.68 million. In comparison, last year the company earned revenue of $83.08 million and had a net profit of $23.19 million. FRME’s market cap is $2.27B and the company has a P/E ratio of 20.08. Currently, First Merchants Corp has an average volume of 17.4K.
Five different firms, including D.A. Davidson and FIG Partners, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $224.2K worth of FRME shares and purchased $45.33K worth of FRME shares. The insider sentiment on First Merchants Corp has been negative according to 101 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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First Merchants Corp. (Indiana) is a holding company, which engages in the provision of financial services. Its services include accepting time deposits; savings and demand deposits; making consumer, commercial, agri-business, and real estate mortgage loans; renting safe deposits facilities; personal and corporate trust services; full-service brokerage; and other corporate services, letters of credit, and repurchase agreements. The company was founded in September 1982 and is headquartered in Muncie, IN.