First Mid Bancshares (NASDAQ:FMBH) Stock Price Expected to Rise, Stephens Analyst Says

First Mid Bancshares (NASDAQ:FMBH) had its target price upped by Stephens from $40.00 to $43.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Stephens’ price target indicates a potential upside of 13.94% from the stock’s previous close.

A number of other analysts have also recently commented on FMBH. Piper Sandler boosted their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods downgraded shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, First Mid Bancshares has an average rating of “Moderate Buy” and a consensus price target of $41.00.

First Mid Bancshares Price Performance

NASDAQ FMBH traded down $0.41 during trading hours on Friday, reaching $37.74. 30,040 shares of the stock traded hands, compared to its average volume of 57,202. The company has a market cap of $902.36 million, a price-to-earnings ratio of 12.11 and a beta of 0.89. The stock has a 50 day simple moving average of $38.88 and a two-hundred day simple moving average of $35.47. First Mid Bancshares has a 1 year low of $28.04 and a 1 year high of $41.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.91.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Thursday, August 1st. The bank reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. First Mid Bancshares had a return on equity of 10.43% and a net margin of 16.75%. The company had revenue of $79.19 million for the quarter, compared to the consensus estimate of $78.25 million. On average, analysts predict that First Mid Bancshares will post 3.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new stake in shares of First Mid Bancshares in the 1st quarter valued at $29,000. CWM LLC grew its holdings in First Mid Bancshares by 344.2% in the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after buying an additional 685 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in First Mid Bancshares in the 1st quarter valued at about $208,000. Choreo LLC grew its stake in shares of First Mid Bancshares by 17.9% in the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock valued at $246,000 after buying an additional 1,149 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of First Mid Bancshares by 84.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,774 shares of the bank’s stock valued at $352,000 after buying an additional 4,941 shares during the period. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc, a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company’s loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.