5 Buy-Rated Dividend Stocks
Firstmerit (NASDAQ: FMER) shares currently have a dividend yield of 4.10%. FirstMerit Corporation operates as a bank holding company for FirstMerit Bank, N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers. The company has a P/E ratio of 12.86. The average volume for Firstmerit has been 1,486,300 shares per day over the past 30 days. Firstmerit has a market cap of $1.7 billion and is part of the banking industry. Shares are up 10.6% year to date as of the close of trading on Friday. TheStreet Ratings rates Firstmerit as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Highlights from the ratings report include:
- FIRSTMERIT CORP has improved earnings per share by 25.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, FIRSTMERIT CORP increased its bottom line by earning $1.23 versus $1.09 in the prior year. This year, the market expects an improvement in earnings ($1.26 versus $1.23).
- The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Commercial Banks industry average. The net income increased by 25.3% when compared to the same quarter one year prior, rising from $30.50 million to $38.22 million.
- The gross profit margin for FIRSTMERIT CORP is currently very high, coming in at 88.60%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 20.43% is above that of the industry average.
- FMER, with its decline in revenue, slightly underperformed the industry average of 1.6%. Since the same quarter one year prior, revenues slightly dropped by 2.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- You can view the full Firstmerit Ratings Report.
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