A Director at First Merchants (NASDAQ: FRME) is Buying Shares

Today, a Director at First Merchants (FRMEResearch Report), Gary Lehman, bought shares of FRME for $1,666.

In addition to Gary Lehman, 3 other FRME executives reported Buy 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 $41.82 and a one-year low of $32.49. FRME’s market cap is $2.22B and the company has a P/E ratio of 12.56.

Starting in July 2019, FRME received 5 Buy ratings in a row.

In the last 30 days, insiders have sold $91.37K worth of FRME shares and purchased $4,277 worth of FRME shares. The insider sentiment on First Merchants has been neutral according to 65 insider trades in the past three months. This sentiment is 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.