FirstMerit Corporation (NASDAQ:FMER) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.43 by 7 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold.
FirstMerit Corporation (NASDAQ:FMER): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $20.63 in FirstMerit Corporation (NASDAQ:FMER). However, the stock price could fluctuate by $ 2.66 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $25 price target with the lower price estimate is calculated at $18
FirstMerit Corporation (NASDAQ:FMER) witnessed a decline in the market cap on Tuesday as its shares dropped 0.14% or 0.03 points. After the session commenced at $20.83, the stock reached the higher end at $20.93 while it hit a low of $20.56. With the volume soaring to 850,051 shares, the last trade was called at $20.77. The company has a 52-week high of $23.15. The company has a market cap of $3,458 million and there are 166,490,890 shares in outstanding. The 52-week low of the share price is $15.33.
FirstMerit Corporation has lost 1.66% in the last five trading days and dropped 6.84% in the last 4 weeks. FirstMerit Corporation has dropped 2% during the last 3-month period . Year-to-Date the stock performance stands at 13.19%.
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.