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

First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.83.

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

Institutional Investors Weigh In On First Mid Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new position in shares of First Mid Bancshares in the first quarter valued at about $26,000. Sterling Capital Management LLC lifted its holdings in First Mid Bancshares by 804.9% in the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock worth $27,000 after purchasing an additional 652 shares in the last quarter. Meeder Asset Management Inc. bought a new position in First Mid Bancshares in the 1st quarter worth approximately $29,000. Federated Hermes Inc. grew its holdings in First Mid Bancshares by 1,226.4% during the 4th quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock valued at $35,000 after buying an additional 883 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of First Mid Bancshares during the first quarter valued at approximately $42,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Up 1.1%

Shares of First Mid Bancshares stock traded up $0.40 on Friday, reaching $36.84. The company's stock had a trading volume of 54,603 shares, compared to its average volume of 63,608. First Mid Bancshares has a 52 week low of $27.58 and a 52 week high of $43.86. The firm's fifty day simple moving average is $35.27 and its two-hundred day simple moving average is $36.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $883.79 million, a price-to-earnings ratio of 10.96 and a beta of 0.87.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.02. The business had revenue of $85.21 million during the quarter, compared to analyst estimates of $58.29 million. First Mid Bancshares had a return on equity of 9.90% and a net margin of 17.75%. Equities analysts anticipate that First Mid Bancshares will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 15th. First Mid Bancshares's dividend payout ratio is presently 28.57%.

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.