On 11/6/24, First Mid Bancshares Inc (NASDAQ: FMBH) stock enjoyed a major increase of 13.6%, closing at $43.25. Moreover, trading volume in this advance was exceptionally high at 324% of normal. The stock has risen 11.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. First Mid Bancshares has a slightly positive Appreciation Score of 67 and a very high Power Rating of 85, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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