First Mid Bancshares (NASDAQ:FMBH) Given New $45.00 Price Target at Keefe, Bruyette & Woods

First Mid Bancshares (NASDAQ:FMBH) had its price target lifted by analysts at Keefe, Bruyette & Woods from $42.00 to $45.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 8.10% from the stock’s previous close.

Several other analysts have also commented on the stock. DA Davidson lowered shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and lifted their price target for the company from $44.00 to $47.00 in a research report on Tuesday, November 12th. Piper Sandler upped their price objective on 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, Stephens upped their target price on shares of First Mid Bancshares from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

First Mid Bancshares Stock Up 0.2 %

Shares of FMBH traded up $0.09 during midday trading on Wednesday, hitting $41.63. 10,319 shares of the company’s stock traded hands, compared to its average volume of 57,951. The stock has a market capitalization of $995.46 million, a price-to-earnings ratio of 12.79 and a beta of 0.91. First Mid Bancshares has a 1 year low of $28.86 and a 1 year high of $43.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average is $39.79 and its 200-day moving average is $37.10.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its position in shares of First Mid Bancshares by 2.2% in the second 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 during the period. CWM LLC lifted its stake in 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 purchasing an additional 685 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in First Mid Bancshares by 1.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock worth $3,459,000 after purchasing an additional 900 shares in the last quarter. Rhumbline Advisers raised its holdings in 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 buying an additional 1,049 shares during the last quarter. Finally, Choreo LLC grew its stake in shares of First Mid Bancshares by 17.9% in the second quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after purchasing an additional 1,149 shares during the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Company Profile

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.