First Mid Bancshares (NASDAQ:FMBH) Rating Lowered to Sell at Wall Street Zen

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Several other equities research analysts also recently issued reports on the stock. Stephens restated a "positive" rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Hovde Group decreased their price target on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Finally, Raymond James Financial restated an "outperform" rating and set a $40.00 price objective (down previously from $43.00) on shares of First Mid Bancshares in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, First Mid Bancshares presently has a consensus rating of "Hold" and a consensus price target of $43.83.

First Mid Bancshares Stock Performance

FMBH stock traded up $0.45 during mid-day trading on Friday, reaching $39.46. 74,821 shares of the stock traded hands, compared to its average volume of 64,351. The firm has a market capitalization of $946.65 million, a PE ratio of 11.74 and a beta of 0.87. The business has a 50-day moving average of $36.47 and a two-hundred day moving average of $36.08. First Mid Bancshares has a 52 week low of $27.58 and a 52 week high of $43.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.25.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $85.21 million during the quarter, compared to the consensus estimate of $58.29 million. First Mid Bancshares had a return on equity of 9.90% and a net margin of 17.75%. As a group, equities analysts predict that First Mid Bancshares will post 3.61 EPS for the current fiscal year.

Hedge Funds Weigh In On First Mid Bancshares

A number of hedge funds have recently made changes to their positions in the business. Deutsche Bank AG increased its stake in First Mid Bancshares by 72.3% in the fourth quarter. Deutsche Bank AG now owns 19,073 shares of the bank's stock valued at $702,000 after acquiring an additional 8,002 shares during the period. SG Americas Securities LLC lifted its stake in First Mid Bancshares by 35.0% during the first quarter. SG Americas Securities LLC now owns 14,352 shares of the bank's stock worth $501,000 after purchasing an additional 3,720 shares during the period. Prudential Financial Inc. lifted its stake in First Mid Bancshares by 27.6% during the fourth quarter. Prudential Financial Inc. now owns 10,172 shares of the bank's stock worth $375,000 after purchasing an additional 2,200 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in First Mid Bancshares during the first quarter valued at approximately $240,000. Finally, Intech Investment Management LLC bought a new stake in shares of First Mid Bancshares in the 4th quarter valued at approximately $344,000. Institutional investors and hedge funds own 47.57% of the company's stock.

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.