First Merchants Co. Secures Increased Investment of $554,000 from Handelsbanken Fonder AB
January 14, 2023
Trending News ☀️
First Merchants Intrinsic Value – First Merchants ($NASDAQ:FRME) Co. is a publicly traded company that operates in the banking and financial services sector. It provides a variety of services to customers, including commercial banking, trust and investment management, and insurance services. Recently, the company has secured an increased investment of $554,000 from Handelsbanken Fonder AB, a Swedish investment bank. This investment is seen as a sign of confidence in the company and its business model. The additional capital will help First Merchants Co. expand its operations and increase its presence in the banking and financial services sector. This also provides an opportunity for the company to diversify its revenue streams and strengthen its financial position. The new investment will provide First Merchants Co. with the capital required to expand its services and reach new customers. This will help the company become more competitive in the market and improve its customer service offerings.
Additionally, this will also allow the company to explore new opportunities in the banking and financial services sector. This new capital will provide the company with the resources needed to continue its growth and remain a leader in banking and financial services.
Price History
The news of the investment sent FIRST MERCHANTS’ stock up in early trading; however, the stock closed the day down by 0.6% at $42.2 from its previous closing price of $42.5. This was still above the opening price of $42.1. The additional funds will allow FIRST MERCHANTS to further invest in its services and products and help it to remain competitive in the industry.
FIRST MERCHANTS has been able to make a number of strategic investments in recent years, including acquisitions and expansions, which have enabled it to stay ahead of the competition. This additional capital will enable the company to continue to invest in its business and remain competitive in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for First Merchants. More…
| Total Revenues | Net Income | Net Margin |
| – | 198.12 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for First Merchants. More…
| Operations | Investing | Financing |
| 207.38 | -1.47k | 1.24k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for First Merchants. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.72k | 15.81k | – |
Key Ratios Snapshot
Some of the financial key ratios for First Merchants are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis – First Merchants Intrinsic Value Calculator
FIRST MERCHANTS is a company whose financial performance depicts its long-term potential. This is made evident by the VI app which simplifies the analysis of the fundamentals of the company. According to the VI Line, the intrinsic value of FIRST MERCHANTS’ shares is around $41.2. Currently, the stock is traded at a fair price of $42.2, which is only 2% higher than its intrinsic value. FIRST MERCHANTS has a strong financial background and is making good progress in the market. Its performance and potential growth have enabled it to reach the current heights. The company has seen significant growth in its stock price over the past few years, which could be attributed to its financial stability and long-term potential. FIRST MERCHANTS is well-positioned to capitalize on future opportunities, given its strong fundamentals and financial performance. The company is committed to providing quality services to its customers and is continually innovating to improve its products and services. It has a strong portfolio of assets and a strong balance sheet that can support future business activities. Overall, FIRST MERCHANTS is a company with a bright future. Its current stock price is a fair price, slightly above its intrinsic value, and investors who are looking for a long-term investment should consider FIRST MERCHANTS as an option. More…
VI 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 Co. recently secured an increased investment of $554,000 from Handelsbanken Fonder AB, a Swedish investment bank. This is expected to provide a much-needed influx of capital for the company and will likely enable them to expand their operations and take advantage of potential growth opportunities. This investment is a sign of confidence in First Merchants’ ability to deliver strong returns for investors.
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