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First Mid Bancshares Inc has a consensus price target of $43.4 based on the ratings of 5 analysts. The high is $47 issued by DA Davidson on November 12, 2024. The low is $38 issued by Raymond James on January 29, 2024. The 3 most-recent analyst ratings were released by DA Davidson, Stephens & Co., and Piper Sandler on November 12, 2024, November 1, 2024, and November 1, 2024, respectively. With an average price target of $45.67 between DA Davidson, Stephens & Co., and Piper Sandler, there's an implied 8.70% upside for First Mid Bancshares Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for First Mid Bancshares (NASDAQ:FMBH) was reported by DA Davidson on November 12, 2024. The analyst firm set a price target for $47.00 expecting FMBH to rise to within 12 months (a possible 11.88% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for First Mid Bancshares (NASDAQ:FMBH) was provided by DA Davidson, and First Mid Bancshares downgraded their neutral rating.
The last upgrade for First Mid Bancshares Inc happened on July 7, 2022 when Raymond James raised their price target to $45. Raymond James previously had a market perform for First Mid Bancshares Inc.
The last downgrade for First Mid Bancshares Inc happened on November 12, 2024 when DA Davidson changed their price target from $44 to $47 for First Mid Bancshares Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of First Mid Bancshares, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for First Mid Bancshares was filed on November 12, 2024 so you should expect the next rating to be made available sometime around November 12, 2025.
While ratings are subjective and will change, the latest First Mid Bancshares (FMBH) rating was a downgraded with a price target of $44.00 to $47.00. The current price First Mid Bancshares (FMBH) is trading at is $42.01, which is out of the analyst’s predicted range.
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