First Mid Bancshares Inc (NASDAQ: FMBH) has reported earnings for its second fiscal quarter (ending June 30) of $0.83 versus $0.81 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $3.13 versus $3.63 for the same period a year ago.
Recent Price Action
First Mid Bancshares Inc (NASDAQ: FMBH) stock declined slightly by -0.5% on 8/1/24. The stock closed at $38.18. Moreover, this decline was accompanied by unusually high trading volume at 158% of normal. The stock has performed in line with the market over the last nine months and has declined -1.0% during the last week.
Current PriceTarget Research Rating
FMBH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
First Mid Bancshares has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. First Mid Bancshares has a slightly positive Appreciation Score of 65 and a neutral Power Rating of 47, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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