Piper Sandler analyst Nathan Race raised the firm’s price target on First Merchants (FRME) to $49 from $46 and keeps an Overweight rating on the shares. The firm is also raising its 2026 operating EPS to $4.15 from $4.00 and establishing a 2027 of $4.45 following First Merchants’ recent First Savings Financial acquisition closing and solid Q4 results.
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Read More on FRME:
- First Merchants completes acquisition of First Savings Financial
- First Merchants completes legal closing of First Savings Financial merger
- First Merchants’ Earnings Call Highlights Record Growth Momentum
- First Merchants reports Q4 adjusted EPS 98c, consensus 95c
- FRME Earnings this Week: How Will it Perform?