First Mid Bancshares (NASDAQ:FMBH) Given New $41.00 Price Target at Stephens

First Mid Bancshares (NASDAQ:FMBH) had its target price dropped by Stephens from $43.00 to $41.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Stephens’ price target would suggest a potential upside of 14.17% from the stock’s previous close.

FMBH has been the topic of several other reports. Raymond James restated an “outperform” rating and set a $40.00 price objective (down from $43.00) on shares of First Mid Bancshares in a research note on Friday. Hovde Group lowered their price target on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

First Mid Bancshares Trading Up 4.3 %

FMBH opened at $35.91 on Friday. First Mid Bancshares has a 12-month low of $27.58 and a 12-month high of $43.86. 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 stock has a market capitalization of $861.19 million, a PE ratio of 10.91 and a beta of 0.84. The firm’s fifty day moving average price is $34.33 and its 200 day moving average price is $37.39.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. The business had revenue of $85.21 million for the quarter, compared to analysts’ expectations of $58.29 million. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. As a group, research analysts expect that First Mid Bancshares will post 3.61 EPS for the current fiscal year.

Institutional Investors Weigh In On First Mid Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of FMBH. Barclays PLC raised its position 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 worth $1,337,000 after buying an additional 26,315 shares in the last quarter. Franklin Resources Inc. bought a new stake in First Mid Bancshares during the third quarter worth approximately $566,000. JPMorgan Chase & Co. lifted its position in First Mid Bancshares by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank’s stock worth $5,180,000 after purchasing an additional 25,855 shares during the period. New York State Teachers Retirement System bought a new position in First Mid Bancshares during the 4th quarter valued at $76,000. Finally, Bank of New York Mellon Corp boosted its stake in First Mid Bancshares by 20.2% during the 4th quarter. Bank of New York Mellon Corp now owns 120,471 shares of the bank’s stock valued at $4,436,000 after purchasing an additional 20,266 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors.

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.