First Mid Bancshares (NASDAQ:FMBH) Stock Rating Lowered by Wall Street Zen

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

FMBH has been the subject of a number of other reports. Stephens reissued a "positive" rating on shares of First Mid Bancshares in a research report on Friday, May 2nd. Hovde Group decreased their price objective on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $40.00 price objective (down 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 given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $43.83.

First Mid Bancshares Stock Up 0.7%

Shares of NASDAQ FMBH opened at $39.69 on Friday. The company has a market capitalization of $952.04 million, a price-to-earnings ratio of 11.81 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average of $36.25 and a two-hundred day moving average of $36.07. First Mid Bancshares has a 1 year low of $27.58 and a 1 year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. First Mid Bancshares had a net margin of 17.75% and a return on equity of 9.90%. The business had revenue of $85.21 million during the quarter, compared to the consensus estimate of $58.29 million. On average, analysts forecast that First Mid Bancshares will post 3.61 earnings per share for the current fiscal year.

Institutional Trading of First Mid Bancshares

A number of hedge funds have recently added to or reduced their stakes in FMBH. PNC Financial Services Group Inc. acquired a new stake in shares of First Mid Bancshares during the first quarter worth $26,000. Sterling Capital Management LLC lifted its stake in shares of First Mid Bancshares by 804.9% in the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock worth $27,000 after acquiring an additional 652 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of First Mid Bancshares in the 1st quarter worth $29,000. Federated Hermes Inc. lifted its stake in shares of First Mid Bancshares by 1,226.4% in the 4th quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock worth $35,000 after acquiring an additional 883 shares during the period. Finally, Strs Ohio acquired a new stake in shares of First Mid Bancshares in the 1st quarter worth $42,000. 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.

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