Alert: Positive Investment/Fundamental Signals (12/1/23)-First Mid Bancshares Inc (NASDAQ: FMBH)


First Mid Bancshares Inc (NASDAQ: FMBH). Extremely important positive changes in investment behavior have recently occurred: the stock rose on very heavy volume, and its longer term price trend turned up.

First Mid Bancshares Inc (NASDAQ: FMBH). Meaningful positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, FMBH is expected to continue to be a modest Value Builder.

First Mid Bancshares has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Mid Bancshares has a good Appreciation Score of 75 and a good Power Rating of 84, producing the Highest Value Trend Rating.

Recent Price Action

On 12/1/23, First Mid Bancshares Inc (NASDAQ: FMBH) stock enjoyed a large increase of 2.3%, closing at $31.70. Moreover, exceptionally high trading volume at 314% of normal accompanied the advance. The stock has risen 2.8% during the last week and has been exceptionally strong relative to the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.