First Mid Bancshares (NASDAQ:FMBH) Given Equal Weight Rating at Stephens

First Mid Bancshares (NASDAQ:FMBH)‘s stock had its “equal weight” rating reissued by research analysts at Stephens in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $43.00 target price on the bank’s stock. Stephens’ price target indicates a potential upside of 13.64% from the stock’s current price.

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

First Mid Bancshares Price Performance

Shares of NASDAQ FMBH opened at $37.84 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. First Mid Bancshares has a one year low of $28.86 and a one year high of $43.86. The firm has a market capitalization of $904.75 million, a P/E ratio of 11.64 and a beta of 0.93. The company’s fifty day moving average is $38.91 and its two-hundred day moving average is $38.75.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 EPS for the quarter, beating the consensus estimate 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 forecast that First Mid Bancshares will post 3.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director James Edwin Zimmer bought 1,000 shares of First Mid Bancshares stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $39.87 per share, for a total transaction of $39,870.00. Following the acquisition, the director now owns 4,050 shares in the company, valued at approximately $161,473.50. This trade represents a 32.79 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On First Mid Bancshares

A number of institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in First Mid Bancshares during the third quarter worth approximately $84,000. PDT Partners LLC purchased a new position in shares of First Mid Bancshares during the 3rd quarter worth $203,000. Centiva Capital LP acquired a new stake in shares of First Mid Bancshares during the third quarter worth $213,000. BNP Paribas Financial Markets grew its position in shares of First Mid Bancshares by 33.6% in the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock valued at $233,000 after purchasing an additional 1,510 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. increased its stake in First Mid Bancshares by 29.9% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 9,927 shares of the bank’s stock valued at $386,000 after purchasing an additional 2,285 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

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.