PriceTargets.com logo

First Merchants - FRME Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $41.60
  • Forecasted Upside: -2.62%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$42.72 As of 11/20/2024 01:00 AM ET
▼ -0.14 (-0.33%)

This chart shows the closing price for FRME by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New First Merchants Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for FRME and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for FRME

Analyst Price Target is $41.60
▼ -2.62% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for First Merchants in the last 3 months. The average price target is $41.60, with a high forecast of $47.00 and a low forecast of $38.00. The average price target represents a -2.62% upside from the last price of $42.72.

This chart shows the closing price for FRME for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Moderate Buy

The current consensus among 5 investment analysts is to moderate buy stock in First Merchants. This rating has held steady since July 2024, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/30/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/28/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/26/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/24/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/24/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
8/22/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/21/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/28/2024Piper SandlerLower TargetOverweight ➝ Overweight$50.00 ➝ $47.00
8/28/2024Keefe, Bruyette & WoodsReiterated RatingOutperform ➝ Outperform$45.00 ➝ $45.00
8/12/2024Hovde GroupInitiated CoverageMarket Perform$35.00 ➝ $38.00
8/7/2024StephensDowngradeOverweight ➝ Equal Weight$45.00 ➝ $38.00
7/29/2024Keefe, Bruyette & WoodsReiterated RatingOutperform ➝ Outperform$43.00 ➝ $45.00
7/29/2024Piper SandlerBoost TargetOverweight ➝ Overweight$41.00 ➝ $50.00
7/26/2024StephensBoost TargetOverweight ➝ Overweight$40.00 ➝ $45.00
4/29/2024Piper SandlerBoost TargetOverweight ➝ Overweight$41.00 ➝ $42.50
1/29/2024Raymond JamesBoost TargetOutperform ➝ Outperform$33.00 ➝ $40.00
10/30/2023Piper SandlerLower TargetOverweight ➝ Overweight$38.00 ➝ $36.00
10/30/2023Raymond JamesLower TargetOutperform ➝ Outperform$36.00 ➝ $33.00
7/27/2023Raymond JamesLower TargetOutperform$38.00 ➝ $36.00
7/26/2023Piper SandlerBoost Target$36.00 ➝ $40.00
6/21/2023Piper SandlerBoost Target$35.00 ➝ $36.00
4/26/2023Raymond JamesLower Target$43.00 ➝ $38.00
4/6/2023Raymond JamesLower TargetOutperform$50.00 ➝ $43.00
2/21/2023Raymond JamesDowngradeStrong-Buy ➝ Outperform$50.00
1/30/2023Raymond JamesLower TargetStrong-Buy$52.00 ➝ $50.00
10/26/2022Raymond JamesBoost TargetStrong-Buy$48.00 ➝ $52.00
8/23/2022StephensBoost Target$50.00
7/27/2022Piper SandlerBoost TargetOutperform$46.00
7/7/2022Raymond JamesUpgradeOutperform ➝ Strong-Buy$48.00
12/13/2021Hovde GroupUpgradeMarket Perform ➝ Outperform$47.00
7/29/2021Janney Montgomery ScottUpgradeNeutral ➝ Buy$48.00
7/28/2021Raymond JamesLower TargetOutperform$55.00 ➝ $47.00
4/27/2021Raymond JamesBoost TargetOutperform$46.00 ➝ $55.00
2/1/2021Raymond JamesUpgradeMarket Perform ➝ Outperform$46.00
11/12/2020StephensUpgradeEqual Weight ➝ Overweight$35.00
10/29/2020Piper SandlerBoost TargetOverweight$27.00 ➝ $28.00
9/29/2020Piper SandlerLower TargetOverweight$30.00 ➝ $27.00
6/17/2020Raymond JamesDowngradeOutperform ➝ Market Perform
4/27/2020Raymond JamesBoost TargetOutperform$28.00 ➝ $29.00
4/24/2020Piper SandlerLower TargetOverweight$32.00 ➝ $30.00
4/9/2020StephensDowngradeOverweight ➝ Equal Weight
2/3/2020Raymond JamesBoost TargetOutperform$43.00 ➝ $44.00
(Data available from 11/21/2019 forward)

News Sentiment Rating

0.70 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 3 very positive mentions
  • 2 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2024
  • 8 very positive mentions
  • 13 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
5/24/2024
  • 11 very positive mentions
  • 0 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2024
  • 6 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2024
  • 7 very positive mentions
  • 13 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/22/2024
  • 8 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2024
  • 6 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2024
  • 10 very positive mentions
  • 9 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2024

Current Sentiment

  • 10 very positive mentions
  • 9 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

First Merchants logo
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Read More

Today's Range

Now: $42.72
Low: $42.06
High: $42.93

50 Day Range

MA: $38.31
Low: $35.52
High: $44.54

52 Week Range

Now: $42.72
Low: $30.20
High: $45.08

Volume

172,882 shs

Average Volume

258,315 shs

Market Capitalization

$2.51 billion

P/E Ratio

14.10

Dividend Yield

3.23%

Beta

1.01

Frequently Asked Questions

What sell-side analysts currently cover shares of First Merchants?

The following equities research analysts have issued reports on First Merchants in the last twelve months: Hovde Group, Keefe, Bruyette & Woods, Piper Sandler, Raymond James, Stephens, StockNews.com, and TheStreet.
View the latest analyst ratings for FRME.

What is the current price target for First Merchants?

0 Wall Street analysts have set twelve-month price targets for First Merchants in the last year. Their average twelve-month price target is $41.60, suggesting a possible downside of 2.6%. Piper Sandler has the highest price target set, predicting FRME will reach $47.00 in the next twelve months. Stephens has the lowest price target set, forecasting a price of $38.00 for First Merchants in the next year.
View the latest price targets for FRME.

What is the current consensus analyst rating for First Merchants?

First Merchants currently has 2 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for FRME.

What other companies compete with First Merchants?

Other companies that are similar to First Merchants include First Midwest Bancorp, WaFd, WSFS Financial, Cadence Bank and Western Alliance Bancorporation. Learn More about companies similar to First Merchants.

How do I contact First Merchants' investor relations team?

First Merchants' physical mailing address is 200 EAST JACKSON STREET, MUNCIE IN, 47305. The bank's listed phone number is (765) 747-1500 and its investor relations email address is [email protected]. The official website for First Merchants is www.firstmerchants.com. Learn More about contacing First Merchants investor relations.