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

First Mid Bancshares (NASDAQ:FMBH)‘s stock had its “equal weight” rating reiterated by analysts at Stephens in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $43.00 price target on the bank’s stock. Stephens’ price target suggests a potential upside of 13.37% from the company’s current price.

A number of other analysts also recently issued reports on FMBH. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. DA Davidson lowered shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and increased their target price for the stock from $44.00 to $47.00 in a research report on Tuesday, November 12th. Finally, Piper Sandler increased 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 report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, First Mid Bancshares has an average rating of “Moderate Buy” and a consensus price target of $42.50.

First Mid Bancshares Stock Up 0.8 %

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

First Mid Bancshares (NASDAQ:FMBH) last announced its earnings results 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%. As a group, equities analysts expect that First Mid Bancshares will post 3.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director James Edwin Zimmer purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $39.87 per share, for a total transaction of $39,870.00. Following the completion of the acquisition, the director now directly owns 4,050 shares in the company, valued at approximately $161,473.50. The trade was a 32.79 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.70% of the stock is owned by insiders.

Institutional Trading of First Mid Bancshares

Several large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new stake in shares of First Mid Bancshares during the 3rd quarter valued at $566,000. Barclays PLC boosted its holdings in shares of First Mid Bancshares by 327.6% during the 3rd quarter. Barclays PLC now owns 34,347 shares of the bank’s stock valued at $1,337,000 after buying an additional 26,315 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of First Mid Bancshares by 44.6% during the 3rd quarter. SG Americas Securities LLC now owns 12,006 shares of the bank’s stock valued at $467,000 after buying an additional 3,703 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 valued at $738,000 after buying an additional 2,028 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in First Mid Bancshares by 106.4% in the 2nd quarter. AQR Capital Management LLC now owns 31,333 shares of the bank’s stock worth $1,030,000 after purchasing an additional 16,150 shares in the last quarter. Institutional investors own 47.57% of the company’s stock.

About First Mid Bancshares

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.