First Merchants (NASDAQ:FRME – Free Report) had its price objective increased by Keefe, Bruyette & Woods from $49.00 to $50.00 in a report published on Friday morning,Benzinga reports. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Get First Merchants alerts:Read Our Latest Report on First MerchantsFirst Merchants Stock PerformanceNASDAQ:FRME opened at $38.22 on Friday. First Merchants Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. About First Merchants(Get Free Report)First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services.