Today, the CIO of First Merchants Corp (NASDAQ: FRME), Stephan Fluhler, sold shares of FRME for $50.26K.
Following Stephan Fluhler’s last FRME Sell transaction on March 23, 2017, the stock climbed by 11.0%. In addition to Stephan Fluhler, 3 other FRME executives reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
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 $2.37B and the company has a P/E ratio of 20.94. Currently, First Merchants Corp has an average volume of 33.13K.
In the last 30 days, insiders have sold $50.26K worth of FRME shares and purchased $23.71K worth of FRME shares. The insider sentiment on First Merchants Corp has been neutral according to 102 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
