FIRST MERCHANTS CORP (FRME)
National Commercial Banks
Latest Price
$41.51
TTM P/E
12.13
Normalized P/E
11.39
Div Yield
3.50%
Book Value
44.01
P/B Ratio
0.94
Valuation metrics
adjust assumptions →EPS: $3.88
Target P/E: 11×
Formula: EPS × P/E
P/E Fair Value
$42.68
+3% upside
Institutional Ownership
75.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 5.32M | $232.0M | 8.52% | +425.4K | 2026-06-30 |
| DIMENSIONAL FUND ADVISORS LP | 3.69M | $161.0M | 5.90% | +93.8K | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 3.40M | $148.0M | 5.44% | +43.8K | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.72M | $118.0M | 4.35% | -9.9K | 2026-06-30 |
| STATE STREET CORP | 2.55M | $111.0M | 4.08% | +311.5K | 2026-06-30 |
| EARNEST PARTNERS LLC | 2.17M | $94.0M | 3.48% | -81.6K | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.67M | $73.0M | 2.67% | +97.2K | 2026-06-30 |
| Nuveen, LLC | 1.06M | $46.0M | 1.69% | +15.6K | 2026-06-30 |
| VICTORY CAPITAL MANAGEMENT INC | 1.04M | $45.0M | 1.67% | +47.7K | 2026-06-30 |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | 850.4K | $37.0M | 1.36% | -11.6K | 2026-06-30 |