Alert: Positive Investment/Fundamental Signals (12/21/23)-First Merchants Corp (NASDAQ: FRME)


First Merchants Corp (NASDAQ: FRME) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and its longer term price trend turned up.

Recent important positive changes in fundamentals have benefitted First Merchants Corp (NASDAQ: FRME): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, FRME is expected to continue to be a modest Value Builder.

First Merchants has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. First Merchants has a slightly positive Power Rating of 66 and a good Appreciation Score of 81, resulting in the Positive Value Trend Rating.

Recent Price Action

On 12/21/23, First Merchants Corp (NASDAQ: FRME) stock rose modestly by 0.6%, closing at $36.95. However, trading volume in this advance was below average at 73% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.0% during the last week.

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