Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate First Merchants Corporation before investing.

In this article, we go over a few key elements for understanding First Merchants Corporation’s stock price such as:

• First Merchants Corporation’s current stock price and volume
• Why First Merchants Corporation’s stock price changed recently
• Upgrades and downgrades for FRME from analysts
• FRME’s stock price momentum as measured by its relative strength

About First Merchants Corporation (FRME)

Before we jump into First Merchants Corporation’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

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First Merchants Corporation’s Stock Price as of Market Close

As of July 31, 2026, 4:00 PM, CST, First Merchants Corporation’s stock price was $43.140.

First Merchants Corporation is down 0.23% from its previous closing price of $43.240.

During the last market session, First Merchants Corporation’s stock traded between $42.625 and $43.490. Currently, there are approximately 60.73 million shares outstanding for First Merchants Corporation.

First Merchants Corporation’s price-earnings (P/E) ratio is currently at 12.8, which is low compared to the Banks industry median of 12.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

First Merchants Corporation Stock Price History

First Merchants Corporation’s (FRME) price is currently down 1.26% so far this month.

During the month of July, First Merchants Corporation’s stock price has reached a high of $45.330 and a low of $39.600.

Over the last year, First Merchants Corporation has hit prices as high as $45.330 and as low as $34.660. Year to date, First Merchants Corporation’s stock is up 15.1%.

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What Caused First Merchants Corporation Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 31, 2026, there were 0 analysts who downgraded First Merchants Corporation’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate First Merchants Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on First Merchants Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

First Merchants Corporation’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about First Merchants Corporation (FRME) by visiting AAII Stock Evaluator.

Relative Price Strength of First Merchants Corporation

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 31, 2026, First Merchants Corporation has a weighted four-quarter relative price strength of 0.07%, which translates to a Momentum Score of 53 and is considered to be Average.

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First Merchants Corporation Stock Price: Bottom Line

As of July 31, 2026, First Merchants Corporation’s stock price is $43.140, which is down 0.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like First Merchants Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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