First Mid Bancshares price target raised to $42 from $39 at DA Davidson

DA Davidson raised the firm’s price target on First Mid Bancshares (FMBH) to $42 from $39 and keeps a Neutral rating on the shares. First Mid’s Q2 was highlighted by an upward net interest margin charge, balanced growth on both sides of the balance sheet, and a solid credit picture, while capital is building, suggesting management will look to pursue acquisitions should the right opportunity come around, the analyst tells investors in a research note.