First Mid Bancshares (NASDAQ:FMBH) Stock Gets Price Target Boost from DA Davidson

First Mid Bancshares (NASDAQ:FMBH) had its price objective boosted by stock analysts at DA Davidson from $53.00 to $56.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson‘s price target would suggest a potential upside of 11.18% from the company’s current price.

A number of other equities analysts have also weighed in on FMBH. Piper Sandler boosted their target price on First Mid Bancshares from $55.00 to $62.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods lifted their target price on First Mid Bancshares from $50.00 to $54.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Finally, Weiss Ratings cut First Mid Bancshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.12.

First Mid Bancshares Price Performance

FMBH stock traded down $0.76 during mid-day trading on Friday, hitting $50.37. 62,283 shares of the stock were exchanged, compared to its average volume of 128,664. First Mid Bancshares has a 12 month low of $34.15 and a 12 month high of $53.36. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 12.49 and a beta of 0.80. The business has a fifty day moving average price of $49.96 and a 200 day moving average price of $46.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, October 29th. The bank reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. First Mid Bancshares had a net margin of 19.76% and a return on equity of 10.86%. The firm had revenue of $107.43 million for the quarter, compared to analysts’ expectations of $108.47 million. On average, sell-side analysts anticipate that First Mid Bancshares will post 4.74 EPS for the current year.

Institutional Investors Weigh In On First Mid Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its holdings in First Mid Bancshares by 36.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the bank’s stock worth $57,000 after purchasing an additional 310 shares in the last quarter. USA Financial Formulas bought a new stake in shares of First Mid Bancshares in the 3rd quarter valued at about $40,000. Sequoia Financial Advisors LLC bought a new stake in shares of First Mid Bancshares in the 2nd quarter valued at about $592,000. Integrated Wealth Concepts LLC purchased a new position in shares of First Mid Bancshares in the 2nd quarter worth approximately $31,000. Finally, Arizona State Retirement System grew its position in shares of First Mid Bancshares by 8.3% in the 2nd quarter. Arizona State Retirement System now owns 6,428 shares of the bank’s stock worth $309,000 after buying an additional 495 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

Key Stories Impacting First Mid Bancshares

Here are the key news stories impacting First Mid Bancshares this week:

• Positive Sentiment: Q3 earnings exceeded expectations: First Mid reported adjusted earnings of $1.26 per share, topping the $1.14–$1.15 analyst consensus and rising from $0.97 a year earlier. The company generated $107.43 million in revenue, posted a 19.76% net margin and delivered a 10.86% return on equity. First Mid Bancshares Announces Third Quarter 2026 Results
• Positive Sentiment: Expansion through Evergreen acquisition: First Mid agreed to acquire Evergreen Bancshares, parent of American Bank of Freedom, in a stock-and-cash transaction. The deal is intended to strengthen First Mid’s presence in St. Louis and along the I-70 corridor, expand its Illinois franchise and establish a full-service banking presence in the Indianapolis market. First Mid Bancshares Announces Acquisition of Evergreen Bancshares
• Positive Sentiment: Dividend maintained: The company declared a quarterly dividend of $0.26 per share, equivalent to $1.04 annually and a yield of approximately 2%. The dividend is payable December 1 to shareholders of record November 16. First Mid Bancshares Dividend Announcement
• Neutral Sentiment: Additional growth initiative: First Mid’s agricultural services business agreed to acquire Winship Farm Management, indicating continued expansion of its fee-based and agricultural operations, although financial terms and the expected earnings impact were not provided. First Mid Bancshares Ag Services Acquisition
• Negative Sentiment: Revenue modestly missed forecasts: Quarterly revenue of $107.43 million was below the $108.47 million consensus estimate. Investors may also weigh the integration, execution and potential share dilution risks associated with the Evergreen transaction.

About First Mid Bancshares

First Mid Bancshares, Inc is a financial services holding company headquartered in Mattoon, Illinois. Through its principal subsidiary, First Mid Bank & Trust, N.A., the company provides banking and related financial services to individuals, families, farmers, businesses and governmental entities.

First Mid Bank & Trust offers deposit accounts, consumer and commercial lending, agricultural loans, mortgage services, treasury and cash-management services, online and mobile banking, and other traditional banking products.