Firstmerit Corp (FMER) : Firstmerit Bank N A Trustee scooped up 101,425 additional shares in Firstmerit Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 758,057 shares of Firstmerit Corp which is valued at $16,934,993.Firstmerit Corp makes up approximately 1.38% of Firstmerit Bank N A Trustee’s portfolio.
Firstmerit Corp opened for trading at $22.28 and hit $22.55 on the upside on Friday, eventually ending the session at $22.34, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 16,48,603 shares. Company has a market cap of $3,703 M.
Other Hedge Funds, Including , Alpha Windward reduced its stake in FMER by selling 300 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 22,069 shares of FMER which is valued at $483,311. Firstmerit Corp makes up approx 0.34% of Alpha Windward’s portfolio.1st Global Advisors reduced its stake in FMER by selling 1,949 shares or 8.98% in the most recent quarter. The Hedge Fund company now holds 19,751 shares of FMER which is valued at $432,547. Firstmerit Corp makes up approx 0.06% of 1st Global Advisors’s portfolio.State Of Alaska Department Of Revenue boosted its stake in FMER in the latest quarter, The investment management firm added 10,716 additional shares and now holds a total of 15,154 shares of Firstmerit Corp which is valued at $331,873. Firstmerit Corp makes up approx 0.03% of State Of Alaska Department Of Revenue’s portfolio.Capstone Asset Management Co boosted its stake in FMER in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 14,049 shares of Firstmerit Corp which is valued at $307,673. Firstmerit Corp makes up approx 0.01% of Capstone Asset Management Co’s portfolio.
On the company’s financial health, Firstmerit Corp reported $0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 26, 2016. Analyst had a consensus of $0.34.Analysts expectations of $ 259.88.During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on Firstmerit Corp. Firstmerit Corp was Upgraded by Sandler O’Neill to ” Buy” on Jan 28, 2016. Firstmerit Corp was Upgraded by Raymond James to ” Mkt Perform” on Jan 27, 2016. Shares were Downgraded by RBC Capital Mkts on Jan 27, 2016 to ” Sector Perform” and Lowered the Price Target to $ 19 from a previous price target of $21 .
FirstMerit Corporation is a bank holding company. The Companys business consists of owning and supervising its affiliates. The Company operates primarily through the Bank and its other subsidiaries providing a range of banking fiduciary financial insurance and investment services to corporate institutional and individual customers. It operates in four segments: Commercial Retail Wealth and Other. The Commercial segment provides a range of lending depository and related financial services. The Retail segment includes consumer lending and deposit gathering residential mortgage loan origination and servicing and branch-based small business banking. The Wealth segment offers an array of asset management private banking financial planning estate settlement and administration credit and deposit products and services. The Other segment includes activities of the parent company eliminations companies community development operations and the treasury group.