FIRST MERCHANTS CORP (FRME)
National Commercial Banks
Latest Price
$43.14
TTM P/E
12.76
Normalized P/E
11.98
Div Yield
3.33%
Book Value
44.01
P/B Ratio
0.98
Valuation metrics
adjust assumptions →EPS: $3.88
Target P/E: 12×
Formula: EPS × P/E
P/E Fair Value
$46.56
+8% upside
Institutional Ownership
70.4% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4.90M | $189.0M | 7.84% | +255.7K | 2026-03-31 |
| DIMENSIONAL FUND ADVISORS LP | 3.60M | $139.0M | 5.75% | +278.0K | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 3.36M | $130.0M | 5.37% | -- | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.73M | $105.0M | 4.37% | -- | 2026-03-31 |
| EARNEST PARTNERS LLC | 2.26M | $87.0M | 3.61% | -54.8K | 2026-03-31 |
| STATE STREET CORP | 2.24M | $86.0M | 3.58% | +264.8K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.57M | $60.0M | 2.52% | +141.9K | 2026-03-31 |
| GOLDMAN SACHS GROUP INC | 1.14M | $44.0M | 1.82% | +207.9K | 2026-03-31 |
| Nuveen, LLC | 1.04M | $40.0M | 1.67% | -14.9K | 2026-03-31 |
| WELLINGTON MANAGEMENT GROUP LLP | 1.01M | $39.0M | 1.61% | +907.9K | 2026-03-31 |