FMBH

First Mid Bancshares Inc

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Advanced Chart

36.970

-0.360(-0.960%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

37.330

Open

37.330

VWAP

37.02

Vol

61.96K

Mkt Cap

886.87M

Low

36.850

Amount

2.29M

EV/EBITDA(TTM)

10.32

Total Shares

23.90M

1.31B

EV/OCF(TTM)

9.14

P/S(TTM)

2.77

First Mid Bancshares, Inc. is a financial holding company. The Company is the parent company of First Mid Bank & Trust, N.A. (First Mid Bank)., Blackhawk Bank, First Mid Insurance Group, Inc. (First Mid Insurance) and First Mid Wealth Management Company. It is engaged in the business of banking through its wholly owned subsidiary, First Mid Bank. The Company offers insurance products and services to customers through its wholly owned subsidiary, First Mid Insurance. The Company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, First Mid Wealth Management Company. First Mid provides a range of financial services, including banking, wealth management, brokerage, Ag services, and insurance through a network of locations throughout Illinois, Missouri, Texas, and Wisconsin and in Indianapolis area. First Mid Wealth Management Company offers services, such as retirement planning, financial planning, and investment services.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

63.83M

+8.28%

0.960

+10.34%

63.42M

+10.22%

0.920

+10.84%

62.19M

+9.55%

0.924

+10.03%

Estimates Revision

The market is revising Upward the revenue expectations for First Mid Bancshares, Inc. (FMBH) for FY2025, with the revenue forecasts being adjusted by 4.02% over the past three months. During the same period, the stock price has changed by -4.86%.

Revenue Estimates for FY2025

Revise Upward

+4.02%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+4.11%

In Past 3 Month

Stock Price

Go Down

-4.86%

In Past 3 Month

6 Analyst Rating

14.50% Upside

Wall Street analysts forecast FMBH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMBH is 42.33 USD with a low forecast of 40.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

3 Hold

0 Sell

Moderate Buy

14.50% Upside

Current: 36.970

Low

40.00

Averages

42.33

High

45.00

14.50% Upside

Current: 36.970

Low

40.00

Averages

42.33

High

45.00

Raymond James

Daniel Tamayo

Buy

Reiterates

$43 → $40

2025-05-02

Reason

Raymond James

Daniel Tamayo

Price Target

$43 → $40

2025-05-02

Reiterates

Buy

Reason

Raymond James lowered the firm's price target on First Mid Bancshares to $40 from $43 and keeps an Outperform rating on the shares. Trends were mostly solid in Q1, including steeper net interest margin expansion, lower operating expenses and solid credit metrics, the analyst tells investors in a research note. Raymond James believes shares remain well-positioned to maintain their premium valuation relative to peers.

Stephens & Co.

Terry McEvoy

Hold

Maintains

$43 → $41

2025-05-02

Reason

Stephens & Co.

Terry McEvoy

Price Target

$43 → $41

2025-05-02

Maintains

Hold

Reason

Stephens analyst Terry McEvoy lowered the firm's price target on First Mid Bancshares to $41 from $43 and keeps an Equal Weight rating on the shares. Operating results exceeded consensus expectations in Q1 as positive net interest income trends and lower credit costs offset some weakness in fee income, the analyst tells investors. The firm's revised target reflects lower bank stock valuations, the analyst noted.

Stephens & Co.

Terry McEvoy

Hold

Reiterates

$43

2025-01-24

Reason

Stephens & Co.

Terry McEvoy

Price Target

$43

2025-01-24

Reiterates

Hold

Reason

Keefe, Bruyette & Woods

Timothy Switzer

Hold

Maintains

$42 → $45

2024-12-04

Reason

Keefe, Bruyette & Woods

Timothy Switzer

Price Target

$42 → $45

2024-12-04

Maintains

Hold

Reason

DA Davidson

David Konrad

Strong Buy

Hold

Downgrades

$44 → $47

2024-11-12

Reason

DA Davidson

David Konrad

Price Target

$44 → $47

2024-11-12

Downgrades

Strong Buy

Hold

Reason

DA Davidson downgraded First Mid Bancshares to Neutral from Buy with a price target of $47, up from $44. With the lift in bank trading multiples post the 2024 U.S. Presidential Election, the firm is lifting its price target and reiterates its view that the shares deserve a premium valuation based on premium performance. However, the firm is guarded on extending a greater premium due to the bank's potential to return as an M&A buyer and less compelling rate and growth positioning versus higher growth peers, so it is downgrading shares.

Piper Sandler

Nathan Rice

Buy

Maintains

$46 → $47

2024-11-01

Reason

Piper Sandler

Nathan Rice

Price Target

$46 → $47

2024-11-01

Maintains

Buy

Reason

Piper Sandler raised the firm's price target on First Mid Bancshares to $47 from $46 and keeps an Overweight rating on the shares following "solid" Q3 results. The firm said First Mid Bancshares expected price to earnings expansion is further above peers via "superior" operating leverage from both solid net interest income and core fee income growth prospects as well as continued "strong" cost discipline. Piper added that First Mid has a "best in class" credit profile and excess capital flexibility.

See All Ratings

Valuation Metrics

The current forward P/E ratio for First Mid Bancshares Inc (FMBH.O) is 9.84, compared to its 5-year average forward P/E of 10.06. For a more detailed relative valuation and DCF analysis to assess First Mid Bancshares Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

10.06

Current PE

9.84

Overvalued PE

11.34

Undervalued PE

8.77

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

3.55

Current PS

3.53

Overvalued PS

4.10

Undervalued PS

2.99