Piper Sandler cuts target for First Merchants stock to USD 46.00
Published on 10/15/2026 at 18:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Piper Sandler lowered its First Merchants target from USD 51.00 to USD 46.00 on October 5, 2026.
- First Merchants is scheduled to report third-quarter 2026 results on October 22, 2026.
- First Merchants stock traded at EUR 35.20 at 6:45 p.m. CEST at Lang & Schwarz on October 15, 2026, with Nasdaq up 1.62 percent on the day.
- First Merchants traded at a P/E ratio of 12.59 and a market capitalization of USD 2.5 billion on October 15, 2026.
Piper Sandler lowered its First Merchants target from USD 51.00 to USD 46.00 on October 5, 2026, while keeping an Overweight rating, according to Markets Insider. Against the Nasdaq quotation of USD 39.41 on October 15, 2026, the new target stood 16.72 percent above the share price. First Merchants stock traded at EUR 35.20 at Lang & Schwarz on October 15, 2026 at 6:45 p.m. CEST; the Nasdaq quotation was up 1.62 percent on the day.
Results date sets the next marker
First Merchants is scheduled to report third-quarter 2026 results on October 22, 2026, with the earnings event listed on the company's investor-relations page. The same page identifies First Merchants Corporation as a Nasdaq-listed financial holding company and reports total assets of USD 21.3 billion as of June 30, 2026.
Range leaves room for a wider move
The October 15 Nasdaq quotation put First Merchants at USD 39.41, between a 52-week low of USD 34.66 and a 52-week high of USD 45.33. The stock therefore stood 13.68 percent above its low and 13.05 percent below its high. Trading volume was 104,626 shares against an average of 458,678 shares.
Valuation and banking peers
First Merchants carried a P/E ratio of 12.59 and a market capitalization of USD 2.5 billion on October 15, 2026. The quarterly dividend yield was 0.04 percent in the same quotation snapshot.
Comparison with peers
First Merchants: plus 1.62 percent, P/E 12.59, market capitalization USD 2.5 billion
Huntington Bancshares (Nasdaq, USD): plus 1.57 percent, P/E 11.45, market capitalization USD 31.0 billion
F.N.B. Corporation (NYSE, USD): plus 1.09 percent, P/E 10.19, market capitalization USD 6.0 billion
Price and the next session
For investors, the key tension is the distance between the USD 46.00 target and the current Nasdaq quotation, while the October 22 reporting date supplies the next company-specific checkpoint. The scheduled results may put the bank's June 30 asset base and recent earnings trajectory back into view.
The stock traded at EUR 35.20 at Lang & Schwarz on October 15, 2026 at 6:45 p.m. CEST. The Nasdaq price was USD 39.41 at 12:55 p.m. EDT on October 15, 2026, up 1.62 percent from USD 38.78.
The further course of trading is shown by the continuously updated real-time quote of First Merchants stock.
First Merchants market facts
- Company: First Merchants Corporation
- ISIN: US3208171096
- Ticker: FRME
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 15, 2026, 6:45 p.m. CEST): EUR 35.20
- Change on Nasdaq versus prior close: plus 1.62 percent
- Market capitalization: USD 2.5 billion (as of October 15, 2026)
- 52-week range: USD 34.66-45.33 (as of October 15, 2026)
- Next earnings date: October 22, 2026
Market context: Market report Nasdaq Composite.
