First Mid Bancshares, Inc. (NASDAQ:FMBH) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $43.83.

A number of analysts have recently weighed in on FMBH shares. Stephens reiterated a "positive" rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and issued a $40.00 price objective (down previously from $43.00) on shares of First Mid Bancshares in a report on Friday, May 2nd. Finally, Hovde Group reduced their target price on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th.

First Mid Bancshares Trading Down 0.1%

First Mid Bancshares stock traded down $0.05 during trading hours on Tuesday, reaching $35.46. The company had a trading volume of 14,699 shares, compared to its average volume of 61,761. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. First Mid Bancshares has a 12-month low of $27.58 and a 12-month high of $43.86. The company has a 50-day moving average price of $34.35 and a 200 day moving average price of $36.98. The firm has a market cap of $850.65 million, a price-to-earnings ratio of 10.78 and a beta of 0.84.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $85.21 million for the quarter, compared to the consensus estimate of $58.29 million. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. Equities analysts forecast that First Mid Bancshares will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.96 annualized dividend and a yield of 2.71%. First Mid Bancshares's payout ratio is 28.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FMBH. New York State Teachers Retirement System purchased a new stake in First Mid Bancshares in the fourth quarter worth $76,000. Bank of New York Mellon Corp boosted its holdings in shares of First Mid Bancshares by 20.2% during the 4th quarter. Bank of New York Mellon Corp now owns 120,471 shares of the bank's stock valued at $4,436,000 after buying an additional 20,266 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of First Mid Bancshares during the 4th quarter valued at $807,000. Charles Schwab Investment Management Inc. grew its position in shares of First Mid Bancshares by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank's stock worth $6,493,000 after buying an additional 1,096 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of First Mid Bancshares by 10.5% in the 4th quarter. Victory Capital Management Inc. now owns 32,700 shares of the bank's stock worth $1,204,000 after acquiring an additional 3,100 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company's stock.

About First Mid Bancshares

First Mid Bancshares, Inc, a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.