First Mid Bancshares price target lowered to $41 from $43 at Stephens

Stephens analyst Terry McEvoy lowered the firm’s price target on First Mid Bancshares (FMBH) to $41 from $43 and keeps an Equal Weight rating on the shares. Operating results exceeded consensus expectations in Q1 as positive net interest income trends and lower credit costs offset some weakness in fee income, the analyst tells investors. The firm’s revised target reflects lower bank stock valuations, the analyst noted.