First Merchants traded at $40.15 this Friday October 2nd, increasing $0.57 or 1.44 percent since the previous trading session. Looking back, over the last four weeks, First Merchants gained 4.63 percent. Over the last 12 months, its price rose by 5.71 percent. Looking ahead, we forecast First Merchants to be priced at 39.28 by the end of this quarter and at 36.78 in one year, according to Trading Economics global macro models projections and analysts expectations.
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. The Bank also operates First Merchants Private Wealth Advisors (a division of First Merchants Bank). The Bank includes approximately 109 banking locations in Indiana, Ohio, Michigan and Illinois. In addition to its branch network, the Company offers comprehensive electronic and mobile delivery channels to its customers. The Company operates in a single business segment, which is community banking. Through the Bank, the Company offers a range of financial services, including accepting time, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; providing personal and corporate trust services; offering full-service brokerage and private wealth management; and providing letters of credit, repurchase agreements and other corporate services.