First Merchants Corporation (FRME) Stock Analysis
Range Bound setup
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $40.52, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining.
First Merchants Corporation is a financial holding company with $19B in assets and 111 banking locations in Indiana, Ohio, and Michigan through First Merchants Bank (est. 1893). In February 2026, it acquired First Savings Financial Group (Indiana, $2.4B assets). Revenue comes... Read more
Hold if already holding. Not a fresh buy at $40.52, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: RSI 45 mid-range, Bollinger mid-band. Mixed signals. Hold existing position. Score 5.6/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 83d clear, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-02-09Item 5.02LOWLarry W. Myers appointed to Board on February 9, 2026 as 13th director (Class III). Serves until 2026 Annual Meeting; director compensation deferred until Q3 2026 due to temporary employee status during First Savings merger integration.SEC filing →
- 2026-02-06Item 5.02LOWBoard adopted 2026 Senior Management Incentive Compensation Program on February 3, 2026, setting performance-based cash incentive levels for named executives at threshold, target, and maximum.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $40.52, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: RSI 45 mid-range, Bollinger mid-band. Mixed signals. Hold existing position. Target $41.41 (+2.2%), stop $38.91 (−4.1%), A.R:R 0.5:1. Score 5.6/10, moderate confidence.
Take-profit target: $41.41 (+2.2% upside). Target $41.41 (+2.2%), stop $38.91 (−4.1%), A.R:R 0.5:1. Stop-loss: $38.91.
Analyst target reached - limited upside remaining.
First Merchants Corporation trades at a P/E of 11.7 (forward 8.7). TrendMatrix value score: 8.2/10. Verdict: Hold.
12 analysts cover FRME with a consensus score of 3.9/5. Average price target: $48.
What does First Merchants Corporation do?First Merchants Corporation is a financial holding company with $19B in assets and 111 banking locations in Indiana,...
First Merchants Corporation is a financial holding company with $19B in assets and 111 banking locations in Indiana, Ohio, and Michigan through First Merchants Bank (est. 1893). In February 2026, it acquired First Savings Financial Group (Indiana, $2.4B assets). Revenue comes from community banking, Private Wealth Advisors, and related financial services.