Piper Sandler raised the firm’s price target on First Mid Bancshares (FMBH) to $49 from $47 and keeps an Overweight rating on the shares. The firm notes the company posted strong Q2 results, with 5% PPNR upside via higher net interest income with greater net interest margin expansion as well as both solid loan and core deposit growth.
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Read More on FMBH:
- First Mid Bancshares price target raised to $42 from $39 at DA Davidson
- First Mid Bancshares reports Q2 adjusted EPS 99c, consensus 92c
- First Mid Bancshares increased its quarterly dividend to 25c
- First Mid-Illinois Bancshares Announces Leadership Changes
- First Mid Bancshares Announces New Stock Repurchase Plan