NASDAQ:FRME - First Merchants Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $47.50
  • Forecasted Upside: 16.36 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$40.82
▼ -0.2 (-0.49%)

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

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Analyst Price Target for FRME

Analyst Price Target is $47.50
▲ +16.36% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for First Merchants in the last 3 months. The average price target is $47.50, with a high forecast of $48.00 and a low forecast of $47.00. The average price target represents a 16.36% upside from the last price of $40.82.

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

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Current Consensus is Buy

The current consensus among 2 contributing investment analysts is to buy stock in First Merchants. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/17/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/15/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/14/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/14/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/12/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/10/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/9/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/9/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/29/2021Janney Montgomery ScottUpgradeNeutral ➝ Buy$48.00Low
7/28/2021Raymond JamesLower Price TargetOutperform$55.00 ➝ $47.00Medium
4/27/2021Raymond JamesBoost Price TargetOutperform$46.00 ➝ $55.00Low
2/1/2021Raymond JamesUpgradeMarket Perform ➝ Outperform$46.00Low
11/12/2020StephensUpgradeEqual Weight ➝ Overweight$35.00Medium
10/29/2020Piper SandlerBoost Price TargetOverweight$27.00 ➝ $28.00High
9/29/2020Piper SandlerLower Price TargetOverweight$30.00 ➝ $27.00Low
6/17/2020Raymond JamesDowngradeOutperform ➝ Market PerformHigh
4/27/2020Raymond JamesBoost Price TargetOutperform$28.00 ➝ $29.00High
4/24/2020Piper SandlerLower Price TargetOverweight$32.00 ➝ $30.00Medium
4/9/2020StephensDowngradeOverweight ➝ Equal WeightHigh
2/3/2020Raymond JamesBoost Price TargetOutperform$43.00 ➝ $44.00Medium
7/9/2019StephensUpgradeEqual Weight ➝ Overweight$44.00Low
5/22/2019Hovde GroupInitiated CoverageMarket Perform$39.00High
4/10/2019Piper Jaffray CompaniesSet Price TargetBuy$44.00Medium
4/8/2019Raymond JamesInitiated CoverageOutperform ➝ Outperform$42.00Medium
2/1/2019FIG PartnersReiterated RatingMarket-PerformLow
11/19/2018Sandler O'NeillUpgradeHold ➝ Buy$47.00Low
10/26/2018Piper Jaffray CompaniesSet Price TargetHold$47.00Low
7/30/2018StephensDowngradeOverweight ➝ Equal WeightHigh
1/29/2018FIG PartnersReiterated RatingMarket-PerformLow
1/28/2018Piper Jaffray CompaniesReiterated RatingHold$48.00Low
1/25/2018Keefe, Bruyette & WoodsReiterated RatingBuy$52.00Medium
10/29/2017Keefe, Bruyette & WoodsReiterated RatingBuy$47.00N/A
10/6/2017Piper Jaffray CompaniesReiterated RatingNeutral ➝ Neutral$46.00N/A
8/3/2017Piper Jaffray CompaniesReiterated RatingHoldLow
4/5/2017Keefe, Bruyette & WoodsReiterated RatingBuy$44.00Medium
(Data available from 12/9/2016 forward)

News Sentiment Rating

0.31 (Hold)

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

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  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/13/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/12/2021
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/12/2021
  • 2 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
8/11/2021
  • 1 very positive mentions
  • 0 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
9/10/2021
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/10/2021
  • 4 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/9/2021
  • 1 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
12/9/2021

Current Sentiment

  • 1 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
First Merchants logo
First Merchants Corp. (Indiana) is a holding company, which engages in the provision of financial services. It also offers personal banking, business banking, mortgage lending, treasury management services, and wealth management. The company was founded in September 1982 and is headquartered in Muncie, IN.
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Today's Range

Now: $40.82
Low: $40.61
High: $41.35

50 Day Range

MA: $42.19
Low: $39.53
High: $43.50

52 Week Range

Now: $40.82
Low: $33.98
High: $50.65

Volume

92,291 shs

Average Volume

168,899 shs

Market Capitalization

$2.20 billion

P/E Ratio

10.89

Dividend Yield

2.83%

Beta

1.2

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: Janney Montgomery Scott, Raymond James, and Zacks Investment Research.
View the latest analyst ratings for FRME.

What is the current price target for First Merchants?

2 Wall Street analysts have set twelve-month price targets for First Merchants in the last year. Their average twelve-month price target is $47.50, suggesting a possible upside of 15.8%. Janney Montgomery Scott has the highest price target set, predicting FRME will reach $48.00 in the next twelve months. Raymond James has the lowest price target set, forecasting a price of $47.00 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 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe FRME will outperform the market and that investors should add to their positions of First Merchants.
View the latest ratings for FRME.

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.