Today, the Chief Banking Officer of First Merchants (FRME), Michael J. Stewart, sold shares of FRME for $91.37K.
Following Michael J. Stewart’s last FRME Sell transaction on February 28, 2018, the stock climbed by 1.7%. In addition to Michael J. Stewart, 2 other FRME executives reported Sell trades in the last month.
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Based on First Merchants’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $140 million and quarterly net profit of $36.76 million. In comparison, last year the company earned revenue of $124 million and had a net profit of $41.11 million. The company has a one-year high of $42.53 and a one-year low of $32.49. FRME’s market cap is $2.29B and the company has a P/E ratio of 12.96.
In the last 30 days, insiders have sold $91.37K worth of FRME shares and purchased $2,123 worth of FRME shares. The insider sentiment on First Merchants has been neutral according to 68 insider trades in the past three months. This sentiment is slightly higher 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. It operates through the following segments: Commercial, Commercial Real Estate, Consumer, Residential, and Finance Leases.
