On Jan. 08, Sparks Ray A divested U.S. $181,355 in shares of First Mid Bancshares Inc.. The Dir sold 5,134 shares at a price per share of $35.32. The transaction decreased this specific insider’s holdings to 333,496 shares worth around $11.73 million at present.
Stephens took its First Mid Bancshares Inc. [FMBH] rating to the equivalent of an Overweight from an Equal-weight, and the price target to $34 from $30, in a research note dated November 12, 2020. That figure represents around a -3.47% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Stephens’s analysts upgrading the shares from “an Equal-weight” rating to “an Overweight” rating in a research note to investors issued in mid November. Meanwhile, DA Davidson had raised its rating on FMBH to “Buy” from the earlier “Neutral”, in a research note produced for clients September 29, 2020. In addition, there was a downgrade from Raymond James on June 17, 2020. The rater changed FMBH from “a Strong buy” to “a Mkt perform”.
Is First Mid Bancshares Inc. [NASDAQ:FMBH] a Good Buy Right Now?
It should be noted that FMBH technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from First Mid Bancshares Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 46745.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 37544.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 29781.0 shares.
FMBH Price Performance
On Wall Street, First Mid Bancshares Inc. [NASDAQ:FMBH] finished Friday’s session down -4.82% at $35.18. The stock went up to $36.51 at the same session while its lowest single day price was $34.49. In the last five days, it saw a rise of about 4.52%, First Mid Bancshares Inc. shares gained by almost 4.52% since the beginning of the year. However, the share price has dropped to as low as -6.96% below its one year high. On 01/07/21, the company shares recorded $37.81, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $33.41. The company’s shares have inclined by 1.50% in the past year. The 50-day SMA achieved is $31.76 while the 200-day SMA is $26.99. Volume gained to 35448.0 from 31500.0 in the previous session.
First Mid Bancshares Inc. [FMBH] Valuation Measures
Notably, First Mid Bancshares Inc. [FMBH] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 13.48. The measure means the stock is exchanging at a premium as compared to the 11.86x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.32 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.43 which means FMBH serve an unattractive investment opportunity compared to its competitors.
FMBH Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 34.28 level, and in case of violation of this particular level, it will cause more drop to 33.37 level. On the upper level, 37.41 is still the key resistance. The stock may increase to the subsequent resistance at 36.30. The Relative Strength Index (RSI) pinned on the 14-day chart is 60.32, implying a neutral technical stance while the MACD stands at 1.99, meaning price will increase in the next trading period. Percent R indicator moved to 55.25%, implying low price movement. Stochastic %K at 73.42% suggest holding the stock.
What is the short interest in First Mid Bancshares Inc.?
Short interest in the First Mid Bancshares Inc. stock has plunged, decreasing by 3660.0 shares to total 0.23 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.22 million, data from Yahoo Finance shows. The increase of 1.62% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.56% of the overall float for the stock.
First Mid Bancshares Inc.’s Biggest Shareholders: Who Owns First Mid Bancshares Inc. [FMBH]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 841,173 shares or roughly 5.03% of the outstanding FMBH shares. This means their shares have reduced by -4,139 from the 841,173 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $17,724,902. Details in the latest 13F filings reveal that Dimensional Fund Advisors LP acquired their 2.09% stake valued at $12,950,709 while Maltese Capital Management LLC cut theirs at $10,754,895. During the last quarter, Dimensional Fund Advisors LP raised 8,837 of its shares in First Mid Bancshares Inc. while Maltese Capital Management LLC sold -65,244 shares. The SSgA Funds Management, Inc.’s holdings currently number 321,554 shares at $11312269.72. According to the firm’s last 13F report, Kennedy Capital Management, Inc. shares in the company at filing stood at 317,379 shares, roughly $9,537,239.
FMBH Earnings Forecast For The Current Quarter
First Mid Bancshares Inc. [FMBH] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $33.27M and an earnings per share of $0.72 for Dec 2020. Looking further ahead, the company is expected to report revenue of $38.67M at an EPS of $0.12 for Mar 2021. The estimates represent upside of 22.80% and -10.36% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
FMBH Earnings Estimates For The Current Year
For the financial year, First Mid Bancshares Inc. [NASDAQ:FMBH] is expected to bring in revenue of $127.99M. The returns are nearly $2.32 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.62, lower than that of FY19 by -$0.25. Estimates put this year’s earnings growth at -8.70%, -10.70% for the next, and at an annual 9.00% over the next 5-year period. As for sales, forecasts are for an increase of 1.80% in the current fiscal year and a further 22.80% over the following year.
What are analyst thoughts on First Mid Bancshares Inc.?
Looking forward to the First Mid Bancshares Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for First Mid Bancshares Inc. stock at $38.00 within the next 12 months, which represents almost 7.42 per cent growth from its previous closing price of $35.18. The highest analysts’ target for First Mid Bancshares Inc. stock projections is $40.00 and the lowest one is $36.00. Still, 6 analysts sharing their consensus rating for FMBH stock in 2021 agree that it is a Buy.