Firstmerit Corp (FMER)

FMER (NASDAQ:Banking) EQUITY
$18.79
neg -0.18
-0.95%
Today's Range: 18.64 - 19.19 | FMER Avg Daily Volume: 886,100
Last Update: 04/27/15 - 3:59 PM EDT
Volume: 962,031
YTD Performance: 2.06%
Open: $19.01
Previous Close: $18.97
52 Week Range: $16.26 - $20.32
Oustanding Shares: 165,385,707
Market Cap: 3,188,636,431
6-Month Chart
TheStreet Ratings Grade for FMER
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 3 3 3 3
Moderate Buy 0 0 0 0
Hold 7 7 7 7
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 2.40 2.40 2.40 2.40
Latest Dividend: 0.16
Latest Dividend Yield: 3.32%
Dividend Ex-Date: 02/26/15
Price Earnings Ratio: 13.87
Price Earnings Comparisons:
FMER Sector Avg. S&P 500
13.87 13.90 28.22
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
11.64% -1.15% 19.23%
GROWTH 12 Mo 3 Yr CAGR
Revenue 7.50 0.46 0.13
Net Income 29.50 0.99 0.25
EPS 17.90 0.26 0.08
Earnings for FMER:
EBITDA 0.40B
Revenue 1.11B
Average Earnings Estimates
Qtr (03/15) Qtr (06/15) FY (12/15) FY (12/16)
Average Estimate $0.33 $0.35 $1.42 $1.54
Number of Analysts 8 8 8 8
High Estimate $0.35 $0.36 $1.45 $1.62
Low Estimate $0.32 $0.33 $1.35 $1.40
Prior Year $0.31 $0.35 $1.39 $1.42
Growth Rate (Year over Year) 6.05% -0.36% 2.16% 8.54%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
By

Doug Kass

 | Apr 20, 2015 | 11:27 AM EDT
Gains of 1.5% to 2.0%+ for several regional bank stocks today, as the bulliish bank thesis continues to play out.
By

Doug Kass

 | Apr 13, 2015 | 2:57 PM EDT
"There are better starters than me but I'm a strong finisher."
By

Doug Kass

 | Apr 13, 2015 | 10:13 AM EDT
If Mr. Market continues to ramp, I expect (as reflected in the breadth of my bank holdings) banks to catch up and possibly even become market leaders. Here is my rationale.
By

Doug Kass

 | Apr 8, 2015 | 10:12 AM EDT
Bank stocks are "on fire" today.
By

Doug Kass

 | Mar 30, 2015 | 1:59 PM EDT
Besides increasing my short bond position today and taking an oddlot short in the S&P 500 ETF (SPY) at $207.90 and again at $208.40, I have done very little in the trading department.
By

Doug Kass

 | Mar 24, 2015 | 11:09 AM EDT
Today's market has thus far been characterized by another day of painfully low volume, a small bounce back for the market-leading biotech sector, strength in social media and high-beta tech, Qs (Nasdaq) over Ss (S&P 500), a modest drop in bond yields and little change in the indices.
By

Doug Kass

 | Mar 10, 2015 | 2:31 PM EDT
I am adding a small long position in Bank of America (BAC) at $15.85, and plan to expand the holding on any further weakness. Since the bank stress test, I have been waiting for an attractive entry point for this bank holding company below $16 per share. I reiterated my positive view on banks and financials Monday:
By

Doug Kass

 | Mar 9, 2015 | 8:56 AM EDT
Banking net interest margins have been very depressed over the last several years, as interest rates have hit generational lows. When coupled with deleveraging (mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act), lending credits have been almost "rationed" by the banking industry. (It simply hasn't been profitable to lend).

bearishFirstMerit downgraded at JP Morgan

Jul 23, 2014 | 8:12 AM EDT

FMER was downgraded to Neutral, JP Morgan said. Accretion headwinds are too strong to outweigh solid loan growth. 

bullishFirstMerit upgraded at FIG

Jan 30, 2014 | 8:16 AM EST

FMER was upgraded to Outperform, FIG Partners said. $24 price target. Company had a solid quarter and is consolidating branches. 

Points well taken.

Hi Doug, your point is well taken - it's true that the relationship between the dollar and...
Hard to tell as Beats is lumped in with iPod and Apple TV -- but stripping away weak sales...

Okay, $140 billion? That's just sick lol.

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