First Mid Bancshares, Inc. (NASDAQ:FMBH) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Six analysts rate First Mid Bancshares as a "Moderate Buy" (four buys, two holds) with an average 12‑month price target of $43.75.
• Quarterly results: The bank reported EPS of $1.06 (in line with estimates) and a revenue beat of $90.14M versus consensus $67.86M, with a net margin of 19.69% and ROE of 10.44%.
• Dividend & valuation: First Mid pays a $0.25 quarterly dividend (annualized $1.00, yield 2.5%, DPR 26.04%) and the stock trades around $39.44 with a P/E of 10.27 and a market cap of ~$1.05B.

First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $43.75.

A number of brokerages have commented on FMBH. DA Davidson boosted their target price on First Mid Bancshares from $45.00 to $46.00 and gave the company a "neutral" rating in a research note on Monday, February 2nd. Zacks Research downgraded First Mid Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of First Mid Bancshares in a report on Monday, December 29th.

First Mid Bancshares Trading Down 0.5%

Shares of NASDAQ:FMBH opened at $39.44 on Monday. The firm has a fifty day moving average of $41.83 and a two-hundred day moving average of $39.64. The firm has a market capitalization of $1.05 billion, a P/E ratio of 10.27 and a beta of 0.90. First Mid Bancshares has a 12-month low of $27.58 and a 12-month high of $44.85. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.03.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.44%. The business had revenue of $90.14 million for the quarter, compared to the consensus estimate of $67.86 million. On average, equities analysts expect that First Mid Bancshares will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, February 12th. First Mid Bancshares's dividend payout ratio (DPR) is presently 26.04%.

Insider Transactions at First Mid Bancshares

In other First Mid Bancshares news, EVP Bradley L. Beesley sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $44.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president directly owned 12,378 shares of the company's stock, valued at $544,632. The trade was a 32.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FMBH. Clearstead Advisors LLC boosted its holdings in First Mid Bancshares by 147.2% in the fourth quarter. Clearstead Advisors LLC now owns 848 shares of the bank's stock worth $33,000 after purchasing an additional 505 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in First Mid Bancshares during the third quarter worth $36,000. Strs Ohio bought a new position in First Mid Bancshares during the first quarter valued at about $42,000. Aquatic Capital Management LLC raised its holdings in First Mid Bancshares by 272.5% during the third quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank's stock valued at $54,000 after buying an additional 1,052 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of First Mid Bancshares by 32.0% in the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank's stock worth $64,000 after buying an additional 415 shares during the last quarter. Institutional investors own 47.57% of the company's stock.

About First Mid Bancshares

First Mid Bancshares, Inc NASDAQ: FMBH, headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company's primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.

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