Analyst Price Target Update on FirstMerit Corporation (NASDAQ:FMER)

FirstMerit Corporation (NASDAQ:FMER) stock has received a short term price target of $ 20.63 from 6 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.66. The higher estimate of target price is $25 , while the lower price target estimate is $18

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Langer Carlton E, officer (EVP, Chief Legal Officer, Secy) of Firstmerit Corp /Oh/, had unloaded 1,000 shares at an average price of $20.67 in a transaction dated on November 20, 2015. The total value of the transaction was worth $20,670.

FirstMerit Corporation (NASDAQ:FMER) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.21 points or 0.96% at $21.64 with 1,388,618 shares getting traded. Post opening the session at $21.72, the shares hit an intraday low of $21.64 and an intraday high of $22.04 and the price was in this range throughout the day. The company has a market cap of $3,603 million and the number of outstanding shares have been calculated to be 166,490,890 shares. The 52-week high of FirstMerit Corporation (NASDAQ:FMER) is $23.15 and the 52-week low is $15.33.

FirstMerit Corporation is a bank holding company. The Companys business consists of owning and supervising its affiliates. The Company operates primarily through the Bank and its other subsidiaries, providing a range of banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers. It operates in four segments: Commercial, Retail, Wealth and Other. The Commercial segment provides a range of lending, depository, and related financial services. The Retail segment includes consumer lending and deposit gathering, residential mortgage loan origination and servicing, and branch-based small business banking. The Wealth segment offers an array of asset management, private banking, financial planning, estate settlement and administration, credit and deposit products and services. The Other segment includes activities of the parent company, eliminations companies, community development operations and the treasury group.

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