First Merchants Market Sentiment

First Merchants Corp

FRMENASDAQ

Trade with Public

$43.70

0.330.76%

At close: Aug 14, 5:00 PM EST

$43.70

N/A

After Hours: Aug 14, 4:43 PM EST

Overview News Earnings Forecast Price Targets FinancialsSentimentOwnership Dividends Compare Options Stock Report

First Merchants Market Sentiment

Market sentiment signals for First Merchants (FRME): analyst consensus, short interest, options flow and insider activity.

Key Signals

Analyst Consensus— Overweight

Short Interest▼ 3.4% short float

Options Flow— N/A

Insider Activity— N/A

Analyst Consensus

Overweight

5 analysts

Options Flow (P/C)

—

Avg Consensus PT

$47

+8.4%

Highest Price Target

$51

+16.7%

Piper Sandler

Lowest Price Target

$43

-2.7%

Piper Sandler

Short Interest

3.4%

Rising — Bearish

Insider Activity (30d)

—

Short Interest — % of Float

Recent Analyst Actions

Date	Firm	Analyst & Accuracy	Upside / Downside	PT Change	Action	Rating
Jun 26, 2026	Piper Sandler	Nathan Race—	+16.7%	$49 → $51	Maintained	Overweight
Feb 4, 2026	Piper Sandler	Nathan Race—	+12.1%	$46 → $49	Maintained	Overweight
Oct 27, 2025	Piper Sandler	Nathan Race—	+5.3%	$48 → $46	Maintained	Overweight
Sep 29, 2025	Stephens & Co.	Terry McEvoy—	+5.3%	$46 → $46	Maintained	Equal-Weight
Sep 26, 2025	Raymond James	Daniel Tamayo—	—	—	Downgrade	Outperform→Market Perform
Sep 26, 2025	Keefe, Bruyette & Woods	Damon Delmonte—	+14.4%	$49 → $50	Maintained	Outperform
Jul 28, 2025	Piper Sandler	Nathan Race—	+9.8%	$49 → $48	Maintained	Overweight
Apr 28, 2025	Raymond James	Daniel Tamayo—	-1.6%	$46 → $43	Maintained	Outperform
Apr 28, 2025	Piper Sandler	Nathan Race—	+12.1%	$55 → $49	Maintained	Overweight
Apr 25, 2025	Keefe, Bruyette & Woods	Damon Delmonte—	+12.1%	$52 → $49	Maintained	Outperform
Apr 2, 2025	Raymond James	Daniel Tamayo—	+5.3%	$50 → $46	Maintained	Outperform
Jan 31, 2025	Keefe, Bruyette & Woods	Damon Delmonte—	+19.0%	$50 → $52	Maintained	Outperform
Jan 31, 2025	Raymond James	Daniel Tamayo—	+14.4%	$42 → $50	Maintained	Outperform
Jan 31, 2025	Piper Sandler	Nathan Race—	+25.9%	$52 → $55	Maintained	Overweight
Dec 4, 2024	Keefe, Bruyette & Woods	Damon Delmonte—	+14.4%	$43 → $50	Maintained	Outperform
Oct 28, 2024	Piper Sandler	Nathan Race—	+7.6%	$50 → $47	Maintained	Overweight
Aug 28, 2024	Keefe, Bruyette & Woods	Damon Delmonte—	+3.0%	$45 → $45	Maintained	Outperform
Aug 7, 2024	Stephens & Co.	Terry McEvoy—	-13.0%	$45 → $38	Downgrade	Overweight→Equal-Weight
Jul 29, 2024	Keefe, Bruyette & Woods	Damon Delmonte—	+3.0%	$43 → $45	Maintained	Outperform
Jul 29, 2024	Piper Sandler	Nathan Race—	+14.4%	$41 → $50	Maintained	Overweight
Jul 26, 2024	Stephens & Co.	Terry McEvoy—	+3.0%	$40 → $45	Maintained	Overweight
Apr 29, 2024	Piper Sandler	Scott Siefers—	-2.7%	$41 → $43	Maintained	Overweight
Jan 29, 2024	Raymond James	Daniel Tamayo—	-8.5%	$33 → $40	Maintained	Outperform
Jan 29, 2024	Piper Sandler	Scott Siefers—	-1.6%	$43 → $43	Maintained	Overweight
Oct 30, 2023	Piper Sandler	Scott Siefers—	-17.6%	$38 → $36	Maintained	Overweight