First Mid Bancshares Inc (FMBH) Stock AnalysisFMBHFirst Mid Bancshares Inc

First Mid Bancshares, Inc. is a financial holding company. It is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, Inc., First Mid Wealth Management Co., and Two Rivers Bank & Trust. The Company provides a full suite of financial services including banking, wealth management, brokerage, Ag services, and insurance through a sizeable network of locations throughout Illinois, Missouri, Texas, and Wisconsin and a loan production office in the greater Indianapolis area. The Company offers insurance products and services to customers through its wholly owned subsidiary. It is engaged in the business of banking through its subsidiary, First Mid Bank & Trust, N.A. It offers insurance products and services to customers through its subsidiary, First Mid Insurance Group, Inc. It offers trust, farm services, investment services, and retirement planning through its subsidiary, First Mid Wealth Management Company. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

First Mid Bancshares Inc (FMBH) is currently trading at $48.52, which is below the average analyst price target of $54. The company has shown strong financial performance with a Q2 non-GAAP EPS of $1.26, exceeding expectations by $0.15, and a significant revenue growth of 24% year-over-year. However, the RSI is at 34.277, indicating that the stock is in oversold territory, suggesting caution for new buyers. The main risk is the recent hedge fund selling, which has increased by 6270.83% over the last quarter, indicating potential bearish sentiment among institutional investors.

3 analysts cover FMBH: 1 rate it Buy, 2 Hold and 0 Sell. The average price target is 48.00.