First Mid Bancshares (NASDAQ:FMBH) Rating Lowered to Equal Weight at Stephens

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

Several other brokerages have also weighed in on FMBH. Keefe, Bruyette & Woods boosted their price objective on First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler boosted their price target on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, DA Davidson cut First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $44.00 to $47.00 in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.50.

First Mid Bancshares Stock Down 1.0 %

FMBH stock traded down $0.43 during mid-day trading on Monday, hitting $41.21. 13,047 shares of the company were exchanged, compared to its average volume of 57,897. The company has a market capitalization of $985.33 million, a PE ratio of 12.68 and a beta of 0.91. The firm has a fifty day simple moving average of $40.03 and a 200 day simple moving average of $37.29. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. First Mid Bancshares has a twelve month low of $28.86 and a twelve month high of $43.86.

Hedge Funds Weigh In On First Mid Bancshares

Hedge funds have recently made changes to their positions in the business. CWM LLC lifted its position in shares of First Mid Bancshares by 344.2% in the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after acquiring an additional 685 shares in the last quarter. Quantbot Technologies LP acquired a new position in First Mid Bancshares during the third quarter worth $84,000. PDT Partners LLC acquired a new position in shares of First Mid Bancshares during the 3rd quarter valued at about $203,000. Price T Rowe Associates Inc. MD bought a new position in shares of First Mid Bancshares in the 1st quarter valued at approximately $208,000. Finally, Centiva Capital LP acquired a new stake in First Mid Bancshares in the 3rd quarter worth approximately $213,000. Institutional investors and hedge funds 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.