First Mid Bancshares (NASDAQ:FMBH) Price Target Lowered to $43.00 at Hovde Group

First Mid Bancshares (NASDAQ:FMBH) had its target price decreased by Hovde Group from $48.00 to $43.00 in a research note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage presently has an “outperform” rating on the bank’s stock. Hovde Group’s price target points to a potential upside of 22.93% from the stock’s current price.

FMBH has been the topic of a number of other reports. Stephens reissued an “equal weight” rating and set a $43.00 target price on shares of First Mid Bancshares in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, First Mid Bancshares presently has an average rating of “Hold” and an average target price of $45.00.

First Mid Bancshares Stock Down 0.5 %

FMBH stock opened at $34.98 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $37.29 and a 200-day simple moving average of $38.80. The company has a market capitalization of $838.89 million, a P/E ratio of 10.63 and a beta of 0.88. First Mid Bancshares has a twelve month low of $28.86 and a twelve month high of $43.86.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. On average, equities research analysts predict that First Mid Bancshares will post 3.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other First Mid Bancshares news, Director James Edwin Zimmer purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $39.87 per share, with a total value of $39,870.00. Following the completion of the purchase, the director now owns 4,050 shares in the company, valued at $161,473.50. This trade represents a 32.79 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.70% of the stock is owned by insiders.

Hedge Funds Weigh In On First Mid Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its stake in shares of First Mid Bancshares by 804.9% in the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank’s stock worth $27,000 after acquiring an additional 652 shares during the period. Federated Hermes Inc. lifted its position in First Mid Bancshares by 1,226.4% in the fourth quarter. Federated Hermes Inc. now owns 955 shares of the bank’s stock worth $35,000 after purchasing an additional 883 shares during the period. Aquatic Capital Management LLC bought a new position in First Mid Bancshares during the 4th quarter valued at $65,000. Tower Research Capital LLC TRC increased its position in shares of First Mid Bancshares by 16.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank’s stock valued at $72,000 after purchasing an additional 276 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in shares of First Mid Bancshares in the 4th quarter worth $76,000. Institutional investors 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.