First Mid Bancshares (NASDAQ:FMBH) Stock Rating Lowered by Stephens

First Mid Bancshares (NASDAQ:FMBH) was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued on Monday, MarketBeat.com reports.

Several other research firms also recently commented on FMBH. Keefe, Bruyette & Woods upped their target price on First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler upped their price target 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 cut shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $44.00 to $47.00 in a research note on Tuesday, November 12th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

First Mid Bancshares Stock Up 1.1 %

Shares of FMBH stock opened at $41.41 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50-day moving average is $40.14 and its 200-day moving average is $37.42. The stock has a market cap of $990.11 million, a price-to-earnings ratio of 12.74 and a beta of 0.91. First Mid Bancshares has a 52-week low of $28.86 and a 52-week high of $43.86.

Institutional Trading of First Mid Bancshares

A number of hedge funds have recently made changes to their positions in FMBH. Price T Rowe Associates Inc. MD acquired a new stake in shares of First Mid Bancshares during the first quarter worth $208,000. CWM LLC grew its holdings in First Mid Bancshares by 344.2% during the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock worth $29,000 after acquiring an additional 685 shares during the period. Bank of New York Mellon Corp raised its position in shares of First Mid Bancshares by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 118,048 shares of the bank’s stock worth $3,881,000 after acquiring an additional 7,849 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of First Mid Bancshares by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock valued at $1,094,000 after purchasing an additional 1,049 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of First Mid Bancshares by 2.2% during the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock valued at $998,000 after purchasing an additional 650 shares in the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

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.