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ValuEngine upgraded First Merchants Corporation (NASDAQ:FRME) to Buy in a report released today.

ValuEngine has upgraded First Merchants Corporation (NASDAQ:FRME) to Buy in a report released on 6/02/2017.

Previously on Monday May 15, 2017, Zacks Investment Research reported on First Merchants Corporation (NASDAQ:FRME) increased the target price from $0.00 to $45.00. At the time, this indicated a possible upside of 0.10%.

Just yesterday First Merchants Corporation (NASDAQ:FRME) traded 1.02% higher at $40.20. First Merchants Corporation’s 50-day average is $41.43 and its two hundred day average is $40.46. The last stock close price is down 7.32% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 147,002 shares of First Merchants Corporation exchanged hands, down from an avg. volume of 251,505

Performance Chart

First Merchants Corporation (NASDAQ:FRME)

With a total market value of $0, First Merchants Corporation has price-earnings ratio of 19.83 with a one year low of $26.55 and a one year high of $44.36 .

More About First Merchants Corporation (NASDAQ:FRME)

First Merchants Corporation is a financial holding company. The Company has a bank charter, First Merchants Bank (the Bank), which is opened for business in Muncie, Indiana. It operates through community banking business segment. The Bank also operates Lafayette Bank and Trust, and First Merchants Private Wealth Advisors (each as a division of First Merchants Bank). As of July 17, 2017, the Bank included 122 banking centers in Indiana, Illinois and Ohio counties. In addition to its branch network, the Company's delivery channels include automated teller machines, check cards and Internet technology. Through the Bank, it offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, letters of credit and repurchase agreements.

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