First Merchants Stock Intrinsic Value – First Merchants Corp Has 5.14 Million Stake in NVIDIA Co.

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First Merchants ($NASDAQ:FRME) Corp, a financial company based in the United States, has recently revealed that it holds a stake of $5.14 million in NVIDIA Co., a leading manufacturer and supplier of computer graphics cards. This news was reported by Defense World and highlights the company’s commitment to investing in the technology sector. First Merchants Corp is a financial services holding company that offers banking, trust, insurance and investment services to customers.

Stock Price

On Friday, First Merchants Corporation (FIRST MERCHANTS) reported a 5.14 million stake in NVIDIA Co. as part of its portfolio. At the same time, FIRST MERCHANTS’ stock opened at $30.0 and closed at $29.6, down by 0.6% from prior closing price of 29.8. This indicates that the stock market is not yet certain about the impact of this stake on the company’s performance.

The investment in NVIDIA Co. could either be an act of confidence in the future of this tech giant or a risky gamble in a volatile market. In any case, investors will be looking forward to future updates from FIRST MERCHANTS about the success of this move. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for First Merchants. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for First Merchants. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for First Merchants. More…

Key Ratios Snapshot

Some of the financial key ratios for First Merchants are shown below. More…

Analysis – First Merchants Stock Intrinsic Value

At GoodWhale, we recently performed an analysis of FIRST MERCHANTS‘s wellbeing. After carefully analyzing the company’s financials, as well as its current performance in the market, we determined that the firm’s intrinsic value is around $43.8. We reached this conclusion after running our proprietary Valuation Line, which takes into account a variety of factors, such as the firm’s earning potential and risk profile. At the time of our analysis, FIRST MERCHANTS stock was trading at $29.6. This is significantly lower than our estimate of the firm’s intrinsic value, indicating that it is currently undervalued by 32.4%. We believe that this could present an opportunity for investors, as they may be able to purchase the stock at a discount and benefit when it rises to its true potential. More…

Peers

The company operates through two segments: Commercial Banking and Retail Banking. Commercial Banking offers loans for working capital, term financing, and equipment financing; and CRE, C&I, and other loans, as well as treasury management, foreign exchange, and interest rate risk management products and services to small and medium-sized businesses. Retail Banking provides deposit products, personal loans, home equity lines of credit, and other consumer loans; and originates and sells one- to four-family residential mortgage loans. First Merchants Corp was founded in 1885 and is headquartered in Muncie, Indiana. Dah Sing Financial Holdings Ltd is a bank holding company that operates through its subsidiaries, Dah Sing Bank Ltd and Dah Sing Insurance Company Ltd. It offers a range of banking and insurance products and services in Hong Kong, Mainland China, and Singapore. The company operates through three segments: Dah Sing Bank, Dah Sing Insurance, and Others. Dah Sing Bank provides personal banking products and services, including deposit-taking, loan and mortgage financing, credit card, foreign exchange, and money market services; and commercial banking products and services comprising deposit-taking, loan and mortgage financing, trade financing, cash management, foreign exchange, and money market services to small and medium-sized enterprises and corporate customers. Dah Sing Insurance offers a range of general insurance products comprising motor, householders’, personal accident, travel, commercial property, liability, marine cargo, construction all risk, credit card insurance, and motor fleet insurance products; and life assurance products consisting of whole life, term life, endowment, annuity, and group life products. The Others segment includes money lending activities. Dah Sing Financial Holdings Ltd was founded in 1946 and is based in Central, Hong Kong. Univest Financial Corp is a bank holding company that operates through its subsidiary, Univest Bank and Trust Co. It offers personal and business banking products and services in Pennsylvania and New Jersey, the United States. The company operates through three segments: Banking, Wealth Management, and Insurance. Banking segment offers checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, commercial loans, consumer loans, mortgage loans, and home equity loans and lines of credit. Wealth Management segment provides trust administration, personal trust administration, investment management, custody services, retirement planning services, retirement plan administration services, estate planning and settlement services, financial planning services, charitable gift planning services, and fiduciary income tax return preparation services. Insurance segment offers property and casualty insurance for business and personal lines; life insurance; long-term care insurance; disability income insurance; annuities; and other insurance products. Univest Financial Corp was founded in 1876 and is based in Souderton, Pennsylvania. Dah Sing Banking Group Ltd is a bank holding company that operates through its subsidiaries. It provides personal banking products and services in Hong Kong; and commercial banking products and services to small and medium-sized enterprises and corporate customers in Hong Kong and Mainland China. The company operates through two segments: Banking Operations in Hong Kong and Banking Operations Outside Hong Kong. It offers various deposit products; personal loans; home equity lines of credit; motor vehicle finance; credit cards; wealth management products; bancassurance products; safe deposit box services; foreign exchange services; money market services; and remittance services. The company also provides commercial banking products comprising deposit-taking products; corporate loans; trade financing; cash management; foreign exchange; money market services; and remittance services. Dah Sing Banking Group Ltd was founded in 1946 and is based in Central, Hong Kong.

– Dah Sing Financial Holdings Ltd ($SEHK:00440)

Dah Sing Financial Holdings Ltd has a market cap of 5.29B as of 2022. The company is a financial services provider in Hong Kong that offers a range of banking, insurance, and investment products and services. Dah Sing has a network of over 50 branches across Hong Kong and employs around 4,000 staff.

– Univest Financial Corp ($NASDAQ:UVSP)

Univest Financial Corporation is a bank holding company that offers banking, insurance, and investment products and services to individuals and businesses in Pennsylvania and New Jersey through its subsidiary banks and insurance companies. As of December 31, 2018, Univest Financial Corporation had assets of $3.6 billion, deposits of $2.9 billion, and loans of $2.5 billion.

– Dah Sing Banking Group Ltd ($SEHK:02356)

Dah Sing Banking Group Ltd is a Hong Kong-based banking group. It provides a range of banking and financial services including personal banking, corporate banking, treasury, and wealth management. As of December 31, 2020, the Group had a total of 97 branches in Hong Kong.

Summary

First Merchants Corporation recently reported a $5.14 million stake in NVIDIA Corporation, a technology company specializing in GPU (graphics processing unit) based products and services. This strategic investment in NVIDIA indicates that First Merchants is confident in the company’s potential for strong returns. Analysts suggest that NVIDIA’s AI (Artificial Intelligence) enabled products, such as autonomous vehicles and data centers, could be pivotal in the coming years.

Additionally, the growth of cloud gaming is another potential area that NVIDIA may benefit from. Overall, the investment appears to be a sound decision by First Merchants as they look to capitalize on the potential of NVIDIA’s technology.