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 a good buy right now due to its current price of $49.73, which is below the analyst price target of $62.50 from Piper Sandler, indicating significant upside potential. Additionally, the company's strong financial performance is highlighted by a recent Q2 EPS of $1.26, which exceeded expectations by $0.15, showcasing robust profitability. The RSI is at 61.255, suggesting that the stock is in a healthy momentum range, while the forward P/E ratio of 12.0482 indicates it is attractively valued compared to its earnings growth. However, a notable risk is the significant increase in hedge fund selling, which rose by 6270.83% over the last quarter, indicating potential market concerns that investors should monitor.

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