First Mid Illinois Bancshares Stock: What Could Happen? ()

In a complex analysis process, analysts from our company rated First Mid Bancshares on the basis of a total of 7 evaluation criteria. All individual criteria lead to a classification as “Buy”, “Hold” or “Sell”. From this, a general classification of the share is calculated in the final overall assessment.

1. Industry comparison share price: First Mid Bancshares achieved a performance of -10.76 percent over the past 12 months. Similar stocks in the “Commercial Banks” industry are up an average of 10.56 percent, underperforming the industry by -21.32 percent for First Mid Bancshares. The “financial” sector had a median return of 14.57 percent last year. First Mid Bancshares was 25.33 percent below that average. Underperformance in both industry and sector comparisons leads to a “Sell” rating in this category.

2. Fundamental: The P/E (price-earnings ratio) is currently 11.43 and at 42 percent is below the industry average (industry: commercial banks) of 19.75. From today’s perspective, the share is therefore undervalued. Therefore, First Mid Bancshares receives a “Buy” rating at this level.

3. Relative Strength Index: The Relative Strength Index (RSI) is a well-known means of technical analysis to assess whether a security is currently “overbought” or “oversold”. This sets price movements in relation to time. We consider the 7-day and 25-day RSI for first mid bancshares. Let’s start with the 7-day RSI, which is currently 48.94 points. This means First Mid Bancshares is not currently overbought or oversold. The stock is therefore classified as “Hold”. What about the 25-day RSI? As with the RSI7, First Mid Bancshares is neither overbought nor oversold on this basis (value: 50.42). The security is therefore also classified as “Hold” for the RSI25. The bottom line is that First Mid Bancshares is rated “Hold” on this point of our analysis.