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First Mid Bancshares (NASDAQ:FMBH – Get Rating)‘s stock had its “buy” rating reaffirmed by DA Davidson in a note issued to investors on Wednesday, PriceTargets.com reports. DA Davidson also issued estimates for First Mid Bancshares’ Q4 2022 earnings at $1.02 EPS, FY2022 earnings at $3.70 EPS and FY2023 earnings at $4.20 EPS. Several other analysts also recently commented on FMBH. Stephens reduced their price objective on shares of First Mid Bancshares from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Hovde Group cut their target price on First Mid Bancshares to $44.00 in a report on Tuesday, November 1st. StockNews.com assumed coverage on First Mid Bancshares in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Piper Sandler cut their target price on First Mid Bancshares to $43.00 in a report on Thursday, September 29th.
First Mid Bancshares Stock Performance
Shares of FMBH stock opened at $32.02 on Wednesday. The company has a market cap of $655.13 million, a price-to-earnings ratio of 9.07 and a beta of 0.85. First Mid Bancshares has a 52 week low of $31.57 and a 52 week high of $45.00. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $34.18 and a 200-day moving average of $35.33.
Hedge Funds Weigh In On First Mid Bancshares
Large investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its stake in First Mid Bancshares by 6.3% during the 1st quarter. American Century Companies Inc. now owns 433,730 shares of the bank’s stock valued at $16,694,000 after acquiring an additional 25,867 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of First Mid Bancshares by 12.9% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 4,327 shares of the bank’s stock valued at $154,000 after purchasing an additional 494 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of First Mid Bancshares during the 1st quarter valued at $77,000. Russell Investments Group Ltd. increased its position in shares of First Mid Bancshares by 23.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 68,288 shares of the bank’s stock valued at $2,435,000 after purchasing an additional 12,947 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of First Mid Bancshares by 26.6% during the 2nd quarter. Swiss National Bank now owns 43,300 shares of the bank’s stock valued at $1,545,000 after purchasing an additional 9,100 shares during the last quarter. 33.57% of the stock is currently owned by institutional investors.
First Mid Bancshares Company Profile
(Get Rating)
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; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.
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