First MerchantsFRME
About: First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment which is community banking.
Employees: 2,162
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
72% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 18
24% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 70
12% more capital invested
Capital invested by funds: $1.44B [Q2] → $1.61B (+$169M) [Q3]
5% more funds holding
Funds holding: 228 [Q2] → 240 (+12) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
0.14% less ownership
Funds ownership: 74.42% [Q2] → 74.28% (-0.14%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Keefe, Bruyette & Woods Damon Delmonte 70% 1-year accuracy 19 / 27 met price target | 16%upside $52 | Outperform Maintained | 31 Jan 2025 |
Raymond James Daniel Tamayo 57% 1-year accuracy 8 / 14 met price target | 12%upside $50 | Outperform Reiterated | 31 Jan 2025 |
Piper Sandler Nathan Race 69% 1-year accuracy 18 / 26 met price target | 23%upside $55 | Overweight Reiterated | 31 Jan 2025 |
Financial journalist opinion
Based on 9 articles about FRME published over the past 30 days









