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First Merchants Corp (NASDAQ:FRME) stock price target increased to $30.00, issued a research note today by D. A. Davidson

Yesterday First Merchants Corp (NASDAQ:FRME) traded 0.11% higher at $26.66. The company’s 50-day moving average is $26.98 and its 200-day moving average is $25.40. The last closing price is up 4.71% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 9,213 shares of the stock traded hands, down from an average trading volume of 101,711

In a report released on 9/28/2016 D. A. Davidson increased the stock price target of First Merchants Corp (NASDAQ:FRME) from $29.00 to $30.00 indicating a possible upside of 0.13%.

See Chart Below

First Merchants Corp (NASDAQ:FRME)

First Merchants Corp has a 52 week low of $21.10 and a 52 week high of $27.60 with a P/E ratio of 15.25 The company’s market cap is currently $0.

General Information About First Merchants Corp (NASDAQ:FRME)

First Merchants Corporation is a financial holding Company. The Company has a bank charter, First Merchants Bank, National Association (the Bank), which is opened for business in Muncie, Indiana. The Bank also operates Lafayette Bank and Trust, Ameriana Bank, Ameriana Financial Services and First Merchants Trust Company as divisions of First Merchants Bank, N.A. The Bank includes approximately 120 banking locations in approximately 30 Indiana, over two Illinois and over two Ohio counties. Its delivery channels include automated teller machines, check cards, interactive voice response systems and Internet technology. The Company, through the Bank, offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; providing personal and corporate trust services; providing full-service brokerage, and providing other corporate services, letters of credit and repurchase agreements.

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