First Mid Bancshares rises as Raymond James lifts PT after Q4 results

Shares of lender First Mid Bancshares FMBH.O rise 3.6% to $43.64

Raymond James raises PT on FMBH to $47 from $41, an 11.6% upside to the stock's last close

Last Thursday, FMBH posted Q4 adjusted net income slightly above estimates

Results were mixed, with revenues pressured by tighter net interest margin and softer fees, partly offset by better operating expenses, while credit metrics rose but remained solid, brokerage says

Three of six brokerages rate the stock "buy" and three "hold"; their median PT is $46

As of last close, FMBH is up 15.6% in the last 12 months