Stephens restated an “equal weight” rating and set a $46.00 target price on shares of First Merchants in a report on Monday. Check Out Our Latest Stock Report on First MerchantsFirst Merchants Stock Up 0.2%Shares of NASDAQ FRME opened at $37.79 on Monday. Westend Capital Management LLC bought a new stake in shares of First Merchants in the 1st quarter worth about $46,000. Caldwell Trust Co bought a new stake in shares of First Merchants in the 2nd quarter worth about $50,000. About First Merchants(Get Free Report)First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services.