Published on 15 Apr 2024 on Simply Wall St. via Yahoo Finance
First Merchants (NASDAQ:FRME) investors are sitting on a loss of 21% if they invested three years...
For many investors, the main point of stock picking is to generate higher returns than the overall market. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. Unfortunately, that's been the case for longer term First Merchants Corporation (NASDAQ:FRME) shareholders, since the share price is down 29% in the last three years, falling well short of the market return of around 17%.
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.