FRME Should I Buy
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First Merchants Corp (FRME) is not a strong buy at the moment for a long-term beginner investor. The stock is currently oversold based on RSI, but there are no strong positive catalysts or proprietary trading signals to suggest immediate upside potential. Additionally, insider selling and declining net income and EPS in the latest quarter raise concerns. Holding off for now may be a prudent choice.
The stock is currently oversold with an RSI of 19.057, indicating potential for a rebound. However, the MACD histogram is negative at -0.493, showing bearish momentum. The price is near the S1 support level of 36.26, but moving averages are converging, suggesting indecision in the market.
Analyst Nathan Race from Piper Sandler raised the price target to $49 and maintains an Overweight rating, citing the recent acquisition of First Savings Financial and solid Q4 results.
Insider selling has increased by 156.41% over the last month. Net income and EPS have declined YoY in the latest quarter. The stock has a 40% chance to decline by -6.02% in the next week based on candlestick pattern analysis.
In Q4 2025, revenue increased by 11.09% YoY to $158.86M, but net income dropped by -11.40% YoY to $56.6M, and EPS declined by -10.00% YoY to $0.99.
Piper Sandler has raised the price target to $49 from $46 and maintains an Overweight rating, citing positive impacts from the recent acquisition and solid Q4 results.
