First Mid Bancshares (NASDAQ:FMBH) Price Target Raised to $42.00 at DA Davidson

Key Points

• DA Davidson has raised the price target for First Mid Bancshares from $39.00 to $42.00, suggesting an upside of 8.32% from the current stock price.
• Several research analysts hold mixed views on the stock, with one sell rating, two hold ratings, and four buy ratings, resulting in an average rating of "Hold" with a consensus price target of $43.00.
• The bank's latest earnings report showed earnings per share of $0.96, exceeding analysts' expectations, along with significant revenue growth compared to estimates.
• Institutional investors currently own 47.57% of First Mid Bancshares' shares, reflecting interest and investment growth in the stock from various hedge funds.

First Mid Bancshares (NASDAQ:FMBH - Free Report) had its target price raised by DA Davidson from $39.00 to $42.00 in a research report report published on Friday,Benzinga reports. DA Davidson currently has a neutral rating on the bank's stock. DA Davidson also issued estimates for First Mid Bancshares' Q3 2025 earnings at $0.98 EPS.

Several other equities research analysts have also recently commented on FMBH. Raymond James Financial reissued an "outperform" rating and set a $40.00 target price (down previously from $43.00) on shares of First Mid Bancshares in a report on Friday, May 2nd. Wall Street Zen lowered shares of First Mid Bancshares from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Finally, Stephens restated a "positive" rating on shares of First Mid Bancshares in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, First Mid Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $43.33.

First Mid Bancshares Stock Performance

Shares of FMBH traded down $0.45 during mid-day trading on Friday, reaching $38.92. 45,569 shares of the company's stock traded hands, compared to its average volume of 59,764. The business's 50-day moving average price is $37.28 and its 200-day moving average price is $36.33. The stock has a market capitalization of $933.69 million, a P/E ratio of 11.06 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.94. First Mid Bancshares has a 12 month low of $27.58 and a 12 month high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The bank reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.08. First Mid Bancshares had a return on equity of 10.19% and a net margin of 18.32%. The company had revenue of $88.23 million for the quarter, compared to analysts' expectations of $64.42 million. Equities analysts predict that First Mid Bancshares will post 3.61 earnings per share for the current year.

First Mid Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.57%. This is a positive change from First Mid Bancshares's previous quarterly dividend of $0.24. First Mid Bancshares's dividend payout ratio (DPR) is 27.27%.

Institutional Investors Weigh In On First Mid Bancshares

Institutional investors have recently modified their holdings of the stock. Deutsche Bank AG boosted its stake in shares of First Mid Bancshares by 72.3% during the 4th quarter. Deutsche Bank AG now owns 19,073 shares of the bank's stock valued at $702,000 after buying an additional 8,002 shares during the period. SG Americas Securities LLC boosted its stake in shares of First Mid Bancshares by 35.0% during the 1st quarter. SG Americas Securities LLC now owns 14,352 shares of the bank's stock valued at $501,000 after buying an additional 3,720 shares during the period. Prudential Financial Inc. boosted its stake in shares of First Mid Bancshares by 27.6% during the 4th quarter. Prudential Financial Inc. now owns 10,172 shares of the bank's stock valued at $375,000 after buying an additional 2,200 shares during the period. GW&K Investment Management LLC lifted its stake in shares of First Mid Bancshares by 2.2% in the 1st quarter. GW&K Investment Management LLC now owns 460,197 shares of the bank's stock valued at $16,061,000 after purchasing an additional 9,695 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in First Mid Bancshares during the first quarter worth $240,000. 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.