Firstmerit Corp (FMER)

FMER (NASDAQ:Banking) EQUITY
$19.13
pos +0.00
+0.00%
Today's Range: 19.04 - 19.61 | FMER Avg Daily Volume: 920,900
Last Update: 04/17/15 - 3:59 PM EDT
Volume: 0
YTD Performance: 1.27%
Open: $0.00
Previous Close: $19.49
52 Week Range: $16.26 - $20.32
Oustanding Shares: 165,385,707
Market Cap: 3,223,367,429
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: 3.28%
Dividend Ex-Date: 02/26/15
Price Earnings Ratio: 14.02
Price Earnings Comparisons:
FMER Sector Avg. S&P 500
14.02 14.10 27.96
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
12.53% -4.87% 17.15%
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

Banks Require Patience Real Money Pro($)

"There are better starters than me but I'm a strong finisher."

Banking on Market Expectations Real Money Pro($)

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.

Bank Stocks on Fire Real Money Pro($)

Bank stocks are "on fire" today.

Not Much Trading Today Real Money Pro($)

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.

Not Much to Say or Trade Real Money Pro($)

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.

Adding Small Long in BofA Real Money Pro($)

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:

Why I'm Buying More Banks Real Money Pro($)

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).
Bearish
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. 
Bullish
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.  ...
The commercial arena is recovering, and these have heavy exposure

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