Firstmerit Corp (FMER)

neg -0.02
Today's Range: 20.18 - 20.41 | FMER Avg Daily Volume: 1,082,000
Last Update: 11/25/15 - 4:00 PM EST
Volume: 912,970
YTD Performance: 8.68%
Open: $20.38
Previous Close: $20.36
52 Week Range: $16.26 - $21.49
Oustanding Shares: 165,762,099
Market Cap: 3,389,834,925
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 1 1 1 1
Moderate Buy 0 0 0 0
Hold 4 5 5 5
Moderate Sell 0 0 0 0
Strong Sell 1 0 0 0
Mean Rec. 3.00 2.67 2.67 2.67
Latest Dividend: 0.17
Latest Dividend Yield: 3.33%
Dividend Ex-Date: 11/25/15
Price Earnings Ratio: 14.93
Price Earnings Comparisons:
FMER Sector Avg. S&P 500
14.93 15.00 32.53
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
18.81% 11.58% 46.75%
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:
Revenue 1.11B
Average Earnings Estimates
Qtr (12/15) Qtr (03/16) FY (12/15) FY (12/16)
Average Estimate $0.34 $0.33 $1.35 $1.40
Number of Analysts 6 5 6 6
High Estimate $0.34 $0.34 $1.36 $1.43
Low Estimate $0.34 $0.32 $1.34 $1.38
Prior Year $0.36 $0.33 $1.39 $1.35
Growth Rate (Year over Year) -5.56% 0.00% -3.00% 4.20%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
I'm further reducing my bank exposure this morning by selling First Merit Corp. (FMER) at $18.80 and taking this regional bank off of my "Best Ideas" list.

One More Time ... With Feeling Real Money Pro($)

Bank of America (BAC): $16.50 to $17 Citigroup (C ): $55 to $56 JPMorgan (JPM): $65.50 to $66.50

Why I Wouldn't Chase Banks Now Real Money Pro($)

In response to a number of emails, I would not chase bank stocks now nor would I sell the stocks -- unless the timeframe is quite short term. Let the sector back down on profit taking after the huge move.
I have received numerous emails asking me about bank stocks.
If so, the run in bank stocks may be in jeopardy.

Banking on Regional Banks Real Money Pro($)

My package of regional bank stocks are broadly higher today, likely in response to the rise in interest rates over the last 48 hours. Money centers are also doing well. I am standing pat with my long list of 13 holdings in the expectation of a two- to three-year play to the upisde.

Today's Trades Real Money Pro($)

I shorted small in SPY and QQQ. I added to longs of Ford (F), General Motors (GM), Radian (RDN) and a few closed-end municipal bond funds.

Three Stocks You Can Bank On Real Money Pro($)

SONA pays a 32-cent dividend and the shares yield almost 2.8%, providing a reasonable return as I await an ultimate takeover transaction; Current book value approximates $8.50/share; SONA is well managed, with a strong 58.9% efficiency ratio that comes in far better than its community-bank peers; Earnings growth is projected at about 11% to 13% annually in 2015-17. My price objective based on fundamentals over the next 12 months is for a 15% gain from the current share-price level. SONA trades by appointment (market cap is only $150 million), so I would be using limit orders. MB Financial MBFI was formed in 1999 out of a merger of equals between Avondale Financial and Coal City Corp. and is the parent of Chicago-based MB Financial. The bank has nearly 100 branches and almost $15 billion in assets. MBFI is Chicago's third-largest bank, has a $2.3 billion market cap and has broad-based exposure to the region's middle market. MBFI has grown both internally and via acquisition, buying six banks/thrifts, a leasing company and an asset manager.  Recent Results Linked loans were flat in the first quarter vs. 2014's fourth quarter. Higher operating expenses and pressures on net interest margins have slightly reduced the 2015-16 outlook, but annual EPS growth nonetheless should be approximately 12%. Other factors: MBFI's dividend only provides a 1.9% yield, but an offset to that is a lower relative PE multiple and more-rapid EPS growth (12% E).   The outlook for MBFI's commercial and industrial loan growth is excellent: first-quarter growth was 11%, which augurs well for 2015 EPS. MBFI's core fees represent a large 41% of total revenue, providing good diversification from net interest income. Noninterest-bearing deposits are now approaching 40% of total deposits, which will fuel the aforemen
Here is a three-month chart of Citigroup (C) and JPMorgan (JPM) compared to the SPDR S&P 500 (SPY). I cut my teeth on the sector and have some street cred in the group, having been Putnam's bank, thrift and GSE analyst in the 1970s. I also coauthored the book Citibank with Ralph Nader when I was a "Nader Raider" at business school in Philadelphia.
10-year Treasury yields have reversed higher by 8 basis points from the morning's lows. The U.S. dollar is getting stronger (111.14 against the euro). Crude is lower. Equities are overbought. Good news (housing) may be bad news. Everyone's favorite, Apple (AAPL), is faced with the reality of Apple TV (see Piper Jaffray's research). While I continue to prefer being reactive (over-anticipatory), I did short (small) the SPY ($213.72) and QQQ ($110.38) in the premarket trading ramp.

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