Breaking The Old 52 Week Low, First Merchants Corporation (Nasdaq:FRME) Closing Trading At $39.11

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First Merchants Corporation (Nasdaq:FRME)

December 6th, 2018
First Merchants Corporation fell $0.17 Thursday, a 0.43% decline, closing at $39.11. As well as the drop in value, First Merchants Corporation hit a new 52 week low of $37.39.

FRME outperformed the rest of the Financials sector which went down only 1.44% today.

Results from 6 analysts points to the possibility that First Merchants Corporation could grow significantly (24%), while Finbox has calculated (with high uncertainty) a fair value price of $35.48.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector dropping 12%.

Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

First Merchants Corporation is based in East Central Indiana, United States of America. First Merchants Corporation was founded in 1982.

First Merchants Corporation Info

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. The company also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services. It operates 119 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company’s delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

All amounts in USD unless otherwise indicated
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