First Mid Bancshares (FMBH) Stock Forecast & Price Target

$38.37

-0.77 (-1.97%)

(As of 09/6/2024 ET)

First Mid Bancshares - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for First Mid Bancshares in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 5 have given a buy rating for FMBH.

Consensus Price Target

$36.60
-4.61% Downside

High Forecast	$38.00
Average Forecast	$36.60
Low Forecast	$34.00

According to the 5 analysts' twelve-month price targets for First Mid Bancshares, the average price target is $36.60. The highest price target for FMBH is $38.00, while the lowest price target for FMBH is $34.00. The average price target represents a forecasted downside of -4.61% from the current price of $38.37.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$36.60	$36.60	$37.00	$37.00
Forecasted Upside	-4.61% Downside	18.35% Upside	19.43% Upside	19.71% Upside

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FMBH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FMBH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

First Mid Bancshares Stock vs. The Competition

Type	First Mid Bancshares	Finance Companies	S&P 500
Consensus Rating Score	3.00	2.46	2.51
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	-4.61% Downside	35.39% Upside	11.36% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/26/2024	Hovde Group 3 of 5 stars	B. Rabatin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$34.50 ➝ $35.00	+14.01%
4/29/2024	Piper Sandler 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$39.00 ➝ $38.00	+20.60%
1/30/2024	Stephens 4 of 5 stars		Lower Target	Overweight ➝ Overweight	$40.00 ➝ $38.00	+14.56%
1/29/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$34.00 ➝ $38.00	+14.94%
9/24/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$34.00	+29.87%
12/21/2022	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Rulis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:40 PM ET.

FMBH Forecast - Frequently Asked Questions

What is First Mid Bancshares' forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for First Mid Bancshares is $36.60, with a high forecast of $38.00 and a low forecast of $34.00.
Should I buy or sell First Mid Bancshares stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Mid Bancshares in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FMBH shares.
Does First Mid Bancshares's stock price have much upside?: According to analysts, First Mid Bancshares's stock has a predicted upside of 18.35% based on their 12-month stock forecasts.
What analysts cover First Mid Bancshares?: First Mid Bancshares has been rated by research analysts at Hovde Group in the past 90 days.
Do Wall Street analysts like First Mid Bancshares more than its competitors?: Analysts like First Mid Bancshares more than other "finance" companies. The consensus rating for First Mid Bancshares is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how FMBH compares to other companies.