Currently, First Merchants Corp [FRME] is trading at $40.74, up 1.02%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FRME shares have gain 7.13% over the last week, with a monthly amount glided 7.92%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
First Merchants Corp [NASDAQ: FRME] stock has seen the most recent analyst activity on January 31, 2025, when Hovde Group upgraded its rating to a Outperform but kept the price target unchanged to $50 for it. On August 07, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $38 on the stock. Raymond James downgraded its rating to a Outperform but stick to its price target of $50 on February 21, 2023. Raymond James upgraded its rating to a Strong Buy. Hovde Group upgraded its rating to Outperform for this stock on December 13, 2021, but kept the price target unchanged to $47. In a note dated July 29, 2021, Janney upgraded an Buy rating on this stock but restated the target price of $48.
This stock has fluctuated between a low of $32.28 and a high of $46.13 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. First Merchants Corp [NASDAQ: FRME] shares were valued at $40.74 at the most recent close of the market. An investor can expect a potential return of 12.91% based on the average FRME price forecast.
Analyzing the FRME fundamentals
Trailing Twelve Months sales for First Merchants Corp [NASDAQ:FRME] were 1.04B which represents -3.83% decline. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.58.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 38.87 points at the first support level, and at 37.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.85, and for the 2nd resistance point, it is at 42.96.
Ratios To Look Out For
To put it in perspective, the Current Ratio for First Merchants Corp [NASDAQ:FRME] is 0.14. Considering the valuation of this stock, the price to sales ratio is 2.28, the price to book ratio is 1.02 and price to earnings (TTM) ratio is 11.47.
Transactions by insiders
Recent insider trading involved Halderman Howard, Director, that happened on Dec 30 ’24 when 4.0 shares were purchased. President, Stewart Michael J completed a deal on Dec 16 ’24 to sell 7248.0 shares. Meanwhile, President Michael J Stewart bought 7248.0 shares on Dec 05 ’24.
