Analyst Rating Update on FirstMerit Corporation (FMER)

FirstMerit Corporation (NASDAQ:FMER) : The consensus on FirstMerit Corporation (NASDAQ:FMER) based on 7 analyst recommendation on the company stock is 2.43, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

FirstMerit Corporation (NASDAQ:FMER) : The most positive equity analysts on FirstMerit Corporation (NASDAQ:FMER) expects the shares to touch $25, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $20.63 with an expected fluctuation of $2.66 from the mean.

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

FirstMerit Corporation (NASDAQ:FMER): stock turned positive on Tuesday. Though the stock opened at $19.03, the bulls momentum made the stock top out at $19.27 level for the day. The stock recorded a low of $18.925 and closed the trading day at $19.23, in the green by 2.51%. The total traded volume for the day was 2,052,285. The stock had closed at $18.76 in the previous days trading.

In an insider trading activity, 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 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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