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FRME

First Merchants

$34.26

-1.44 (-4.03%)

16:48
09/03/19
09/03
16:48
09/03/19
16:48

First Merchants announces 3M shares stock buyback

In a regulatory filing, First Merchants disclosed that on September 3, 2019, its board approved a stock repurchase program of up to 3M shares of the company's outstanding common stock provided that the total aggregate investment in shares repurchased under the program may not exceed $75M. On a share basis, the amount of common stock subject to the repurchase program represents approximately 5% of the company's outstanding shares.

  • 23

    Sep

  • 13

    Nov

FRME First Merchants
$34.26

-1.44 (-4.03%)

04/08/19
RAJA
04/08/19
INITIATION
Target $42
RAJA
Outperform
First Merchants initiated with an Outperform at Raymond James
Raymond James analyst David Long started First Merchants Bancorp with an Outperform rating and $42 price target, calling it a "well-managed" community bank poised to maintain above-peer profitability metrics. He forecasts a modest improvement in First Merchants' efficiency ratio in 2019 and 2020 despite headwinds to NIM expansion from a flat-to-declining rate environment, Long said.
04/09/19
04/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. First Merchants (FRME) initiated with an Outperform at Raymond James. 2. Focus Financial Partners (FOCS) initiated with an Outperform at Oppenheimer. 3.FIS (FIS) initiated with an Outperform at Keefe Bruyette while Fiserv (FISV) was initiated with a Market Perform. 4. Fox Corp. (FOXA) initiated with a Neutral at Citi. 5. KLA-Tencor (KLAC) reinstated with a Sell at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/22/19
HOVD
05/22/19
INITIATION
Target $39
HOVD
Market Perform
First Merchants initiated with a Market Perform at Hovde Group
Hovde Group initiated First Merchants with a Market Perform and $39 price target.
07/09/19
SPHN
07/09/19
UPGRADE
Target $44
SPHN
Overweight
First Merchants upgraded to Overweight from Equal Weight at Stephens
Stephens analyst Terry McEvoy upgraded First Merchants to Overweight from Equal Weight with a $44 price target. The Stephens Bank Research team is now assuming a 25 basis point reduction in the Fed Funds rate in July, September and December 2019 and none in 2020. To reflect his updated estimates, year-to-date stock performance and valuations, McEvoy made a number of rating changes in the Financial Services space.

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ABEO

Abeona Therapeutics

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PUYI

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ACAD

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MATN

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MDT

Medtronic

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ALTR

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SMTX

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BNPQY

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AGIO

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GM

General Motors

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HON

Honeywell

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SAM

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LYFT

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  • 23

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SDXAY

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