Stephens Reaffirms “Equal Weight” Rating for First Mid Bancshares (NASDAQ:FMBH)

First Mid Bancshares (NASDAQ:FMBH)‘s stock had its “equal weight” rating reaffirmed by research 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’ target price suggests a potential upside of 13.64% from the stock’s current price.

Several other brokerages also recently weighed in on FMBH. Keefe, Bruyette & Woods boosted 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 report on Wednesday, December 4th. Piper Sandler upped their price objective on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, DA Davidson lowered First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $44.00 to $47.00 in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, First Mid Bancshares presently has an average rating of “Moderate Buy” and an average price target of $42.50.

First Mid Bancshares Stock Performance

NASDAQ:FMBH opened at $37.84 on Friday. The firm has a market capitalization of $904.75 million, a PE ratio of 11.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The business’s fifty day moving average price is $38.91 and its 200 day moving average price is $38.75. First Mid Bancshares has a 12 month low of $28.86 and a 12 month high of $43.86.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data 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 return on equity of 10.38% and a net margin of 17.32%. On average, sell-side 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 stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of $39.87 per share, with a total value of $39,870.00. Following the completion of the acquisition, the director now directly owns 4,050 shares in the company, valued at $161,473.50. This represents a 32.79 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 7.70% of the stock is currently owned by company insiders.

Institutional Trading of First Mid Bancshares

A number of hedge funds have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of First Mid Bancshares by 1.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock valued at $3,459,000 after purchasing an additional 900 shares during the period. BNP Paribas Financial Markets increased its stake in First Mid Bancshares by 33.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock valued at $233,000 after buying an additional 1,510 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in First Mid Bancshares by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank’s stock worth $738,000 after buying an additional 2,028 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of First Mid Bancshares in the 3rd quarter worth $84,000. Finally, Creative Planning boosted its holdings in shares of First Mid Bancshares by 2.1% in the second quarter. Creative Planning now owns 106,397 shares of the bank’s stock valued at $3,498,000 after acquiring an additional 2,186 shares in the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

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.