** 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

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))