Insider Trading Review: First Merchants Corporation $FRME

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First Merchants Corporation (FRME) insiders have most recently took part in a trading activity. On Dec 1, 2017 Lehman Gary, Director bought 39 shares having total worth of $1,678 at the price of $43.02 per share, following the transaction a total of 37,080 shares owned by Lehman Gary. Before this latest buy, Lehman Gary purchased FRME at 11 other times during the past twelve months, for a total investment of $128,368 at an average of $37.59 per share.

On the same day, Sherman Patrick A, Director bought 12 shares having total worth of $516 at the price of $43.02 per share, following the transaction a total of 35,044 shares owned by Sherman Patrick A. Before this latest buy, Sherman Patrick A purchased FRME at 11 other times during the past twelve months, for a total investment of $5,485 at an average of $39.6 per share.

The stock has experienced a total of 5 insider trades in the past three months. These trades include 2 sell activities and 3 buy trades. Furthermore, over the past 12 months , the stock was traded 32 times by insiders. In 9 of these trades, the insider was a seller while an employee of the company was the buyer in 23 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 3 2 9.63%
12 Month 23 9 81.13%

Shares of First Merchants Corporation (FRME) traded up 0.5% on Dec 4, 2017, hitting $44.16. 205,128 shares of the company’s stock traded hands. First Merchants Corporation has a 52 week low of $23.73 and a 52 week high of $44.26. The company’s market cap is $1,080 million.

First Merchants Corporation (FRME) last announced its earnings results on Oct 26, 2017. The company reported 0.00 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.57 by $0.57., compared to the consensus estimate of $97 million. During the same quarter in the previous year, the company posted 0.51 earnings per share. The company’s revenue for the quarter was down 100% on a year-over-year basis.

2017-10-26 2017-07-27 2017-04-27 2017-01-26 2016-10-25 2016-07-26 2016-04-26 2016-01-28 2015-10-22 2015-07-23
earnings per share 0.00 0.57 0.56 0.55 0.51 0.49 0.46 0.44 0.45 0.47
Revenue(M) 0 81.53 75.85 74.49 74.54 72.35 70.78 64.84 67.22 73.66

First Merchants Corp is a financial holding company, headquartered in Muncie, Indiana whose main activity is the ownership and management of the banks. The Company operates in a single business segment, which is community banking. It offers financial services, including accepting time, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services; providing full-service brokerage; and providing other corporate services, letters of credit and repurchase agreements. Through various non-bank subsidiaries, the company also offers personal and commercial lines of insurance and the reinsurance of credit life, accident, and health insurance. The bank subsidiaries of the company include: First Merchants Bank, National Association in Delaware, Hamilton, Marion, Henry, Randolph, Union, Fayette, Wayne, Butler (OH), Jay, Adams, Wabash, Howard and Miami counties; First Merchants Bank of Central Indiana, National Association in Madison County; Lafayette Bank and Trust Company, National Association, in Tippecanoe, Carroll, Jasper, and White counties; Commerce National Bank in Franklin and Hamilton counties in Ohio; and Lincoln Bank in Brown, Clinton, Hamilton, Hendricks, Johnson, Montgomery and Morgan counties. The Company operates First Merchants Trust Company, National Association, and a trust and asset management services company. It also operates First Merchants Insurance Services, Inc., a full-service property, casualty, personal lines, and employee benefit insurance agency headquartered in Muncie, Indiana. In addition, the Company operates First Merchants Reinsurance Co. Ltd., a small life reinsurance company whose main business includes short-duration contracts of credit life and accidental and health insurance policies and debt cancellation contracts. Such policies and contracts are purchased by the company’s bank customers to cover the amount of debt incurred by the insured. The Company’s main market areas for lending are central, north-central and east-central Indiana and Columbus, Ohio.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.