First Mid Bancshares (NASDAQ:FMBH) Receives “Equal Weight” Rating from Stephens

First Mid Bancshares (NASDAQ:FMBH)‘s stock had its “equal weight” rating restated by stock analysts at Stephens in a research report issued on Friday,Benzinga reports. They presently have a $43.00 price objective on the bank’s stock. Stephens’ price target points to a potential upside of 13.37% from the company’s previous close.

A number of other research firms have also recently issued reports on FMBH. Piper Sandler raised their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. DA Davidson cut shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their target price for the stock from $44.00 to $47.00 in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.50.

First Mid Bancshares Stock Up 0.8 %

Shares of FMBH stock traded up $0.31 during trading hours on Friday, hitting $37.93. 10,253 shares of the company were exchanged, compared to its average volume of 47,668. The company has a market capitalization of $906.91 million, a PE ratio of 11.66 and a beta of 0.93. First Mid Bancshares has a 52 week low of $28.86 and a 52 week high of $43.86. The business has a 50 day moving average of $39.00 and a two-hundred day moving average of $38.67. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.32% and a return on equity of 10.38%. Analysts anticipate that First Mid Bancshares will post 3.42 earnings per share for the current fiscal year.

Insider Buying and Selling at First Mid Bancshares

In related news, Director James Edwin Zimmer purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $39.87 per share, with a total value of $39,870.00. Following the acquisition, the director now owns 4,050 shares of the company’s stock, valued at $161,473.50. This trade represents a 32.79 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On First Mid Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in First Mid Bancshares by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock valued at $25,584,000 after acquiring an additional 36,769 shares during the period. Renaissance Technologies LLC boosted its stake in shares of First Mid Bancshares by 27.5% in the 2nd quarter. Renaissance Technologies LLC now owns 13,000 shares of the bank’s stock valued at $427,000 after purchasing an additional 2,800 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of First Mid Bancshares by 106.4% in the 2nd quarter. AQR Capital Management LLC now owns 31,333 shares of the bank’s stock valued at $1,030,000 after purchasing an additional 16,150 shares during the last quarter. Creative Planning boosted its stake in shares of First Mid Bancshares by 2.1% in the 2nd quarter. Creative Planning now owns 106,397 shares of the bank’s stock valued at $3,498,000 after purchasing an additional 2,186 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of First Mid Bancshares by 44.6% in the 3rd quarter. SG Americas Securities LLC now owns 12,006 shares of the bank’s stock valued at $467,000 after purchasing an additional 3,703 shares during the last quarter. 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.