Larry Myers Sells 10,000 Shares of FRME

Larry Myers, a prominent insider at FRME, recently sold 10,000 shares of the company at a price of $42 each. The transaction, which took place on June 12, 2026, was valued at $420,000. This sale adds to a series of transactions by Myers over the past months.

Insider Buying and Selling at First Merchants Corporation

Larry Myers has been active in trading FRME shares, selling 10,000 shares at $42 on June 12 and another 10,000 shares at $41.50 on June 11, 2026. Earlier, on February 26, 2026, he sold 5,000 shares at $41.50. Other insiders, including Mung Chiang, Clark Kellogg, and Jason Sondhi, have made smaller purchases, buying shares at $38.73 each on March 31, 2026.

Other Institutional Activity in FRME

Institutional investors have shown varied interest in FRME. BlackRock, Inc. increased its holdings by 255,670 shares, now holding 4,899,356 shares valued at approximately $189.75 million. Dimensional Fund Advisors LP also added 277,977 shares, bringing its total to 3,596,017 shares worth about $139.27 million. Meanwhile, Earnest Partners LLC reduced its position by 54,782 shares, ending with 2,255,590 shares valued at $87.36 million.

Analysts Set New Price Targets

On February 4, 2026, Piper Sandler maintained its 'buy' rating for FRME, setting a price target of $49. This follows a series of similar ratings, with Keefe, Bruyette & Woods also maintaining a 'buy' rating and a target of $50 as of September 26, 2025. The analyst consensus indicates a positive outlook, with a mean price target and several firms backing the stock.

Bottom Line

Larry Myers' recent sale of 10,000 FRME shares underscores his continued activity in the stock. While insider sales can signal various motivations, they are closely watched by investors for potential insights. The stock's recent trading price of $42.09 and ongoing institutional interest reflect the market's current sentiment. Analyst ratings remain optimistic, suggesting confidence in FRME's future prospects.