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Ranked #2987 by analyst upside · 2026-06-27
FRME
First Merchants Corporation
Financial Services · Market Cap $3B · P/E 12.9x
ANALYST PRICE TARGET
+9.0%
implied upside to consensus target
Current Price $43.68
Consensus Target $47.6
Bull Target $50.0
Bear Target $45.0
Analysts Covering 5
ANALYST CONSENSUS — BUY
Strong Buy
2
Buy
2
Hold
2
Sell
0
52-Week Low $34.66
52-Week High $44.23
YTD Return +18.7%
FUNDAMENTALS
Market Cap $3B
P/E Ratio (TTM) 12.9x
Forward P/E 9.5x
EPS (TTM) $3.39
PEG Ratio 1.40
Dividend Yield 3.41%
Revenue (TTM) $638M
Profit Margin 31.2%
52-WEEK RANGE
52-Week Low $34.66
52-Week High $44.23
Current Price $43.68
Bear Target $45.0
Bull Target $50.0
● Now $43.68 ● Target $47.6
TRADING DATA
Avg Volume 346K
YTD Return +18.7%
Analyst Count 5
Consensus Buy
Upside to Target +9.0%
Last Updated 2026-06-27

ANALYST SUMMARY

First Merchants Corporation (FRME) is currently trading at $43.68 with a Wall Street consensus price target of $47.6, implying potential upside of 9.0% over the next 12 months. 5 analysts currently cover FRME, with a consensus rating of Buy — 67% of analysts rate the stock a Buy or Strong Buy. The most bullish analyst has a price target of $50.0, while the most cautious has a target of $45.0.

FRME operates in the Financial Services sector with a market capitalisation of $3B. The stock is up 18.7% year-to-date and is currently trading near the upper end of its 52-week range of $34.66 – $44.23.

SIMILAR STOCKS

Other Financial Services stocks with comparable size and valuation.

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Customers Bancorp, Inc.
$3B · P/E 10.2x · Buy
BANC +9.9%
Banc of California, Inc.
$3B · P/E 16.1x · Buy
PFS +6.5%
Provident Financial Services, Inc.
$3B · P/E 10.1x · Buy
BANR +8.7%
Banner Corporation
$2B · P/E 11.4x · Buy

RECENT ANALYST CALLS

Upgrade/downgrade history for FRME, with each firm's 90-day track record across all stocks we track. See full firm rankings →

Piper Sandler — Reiterated
Overweight → Overweight 2026-02-04 14% win rate (7 calls)
Piper Sandler — Reiterated
Overweight → Overweight 2025-10-27 14% win rate (7 calls)
Stephens & Co. reit
Equal-Weight → Equal-Weight 2025-09-29 Building track record
Raymond James ↓ Downgrade
Outperform → Market Perform 2025-09-26 Building track record
Keefe, Bruyette & Woods — Reiterated
Outperform → Outperform 2025-09-26 Building track record
Piper Sandler — Reiterated
Overweight → Overweight 2025-07-28 14% win rate (7 calls)
Raymond James — Reiterated
Outperform → Outperform 2025-04-28 Building track record
Piper Sandler — Reiterated
Overweight → Overweight 2025-04-28 14% win rate (7 calls)
HISTORICAL SNAPSHOT

Point-in-time data from StockUpside's daily snapshots. Tracks price, analyst target, upside %, consensus, and analyst count.

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ANALYST CONVICTION SCORE
—
out of 100
Coverage depth
0/30
Consensus clarity
0/30
Vote unanimity
0/25
Rating stability
0/15

Measures analyst agreement, not fundamental quality. A high score means analysts broadly agree on this call — not that the stock will go up.

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