FRME Should I Buy
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First Merchants Corp (FRME) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown revenue growth, its declining net income and EPS, coupled with insider selling and neutral hedge fund sentiment, suggest caution. Additionally, technical indicators do not signal a clear upward trend, and there are no recent positive news or strong trading signals to support immediate action.
The MACD histogram is -0.237, indicating a bearish trend. RSI is neutral at 44.213, and moving averages are converging, suggesting no clear direction. Key support is at 40.544, and resistance is at 42.836, with the stock currently trading near the support level.
Analyst Nathan Race raised the price target to $49 from $46, citing the First Savings Financial acquisition and solid Q4 results. Revenue increased by 11.09% YoY in Q4 2025.
Insider selling increased by 156.41% over the last month. No significant hedge fund activity or recent positive news.
In Q4 2025, revenue increased by 11.09% YoY to $158.86M. However, net income dropped by 11.40% YoY to $56.60M, and EPS decreased by 10.00% YoY to $0.99.
Piper Sandler analyst Nathan Race maintains an Overweight rating and raised the price target to $49 from $46, citing the First Savings Financial acquisition and solid Q4 results. Operating EPS estimates for 2026 and 2027 were also raised.
