First Merchants Corporation (NASDAQ:FRME) Updates On Dividend Release Date


On 2016-05-03, First Merchants Corporation (NASDAQ:FRME) confirmed the dividend disbursement of $0.14 a share to shareholders as on record 2016-06-03. The firm will release dividend on 2016-06-17 while ex-dividend date is reported to be 2016-06-01.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, First Merchants Corporation (NASDAQ:FRME) paid a total of $0.14 per share in dividends. This figure stood at $0.14 a share in the same period a year ago indicating a deviation of 41.3793%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $28 on the stock. This figure is the average of recommendations offered by 4 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $29 and $27, respectively.

Taking the mathematical rating formula, the price for First Merchants Corporation (NASDAQ:FRME) stands at 2.25. Earnings Review First Merchants Corporation (NASDAQ:FRME) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-27. For the period ending on 2016-09-30, experts are expecting EPS of $0.49.

Coming to the quarter ending on 2015-12-31, First Merchants Corporation (NASDAQ:FRME) recorded EPS of $0.49. The reported numbers came lower than the analysts’ estimates of $0.46, demonstrating a miss of $0.03 as against reported figures.

Shares of the First Merchants Corporation (NASDAQ:FRME) traded in the range of $26.88 to $27.11 and closed the last trading session at $27.01 on a volume of ((Volume:238}}.

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