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

First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $43.83.

FMBH has been the topic of a number of research reports. Wall Street Zen cut shares of First Mid Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Raymond James Financial reissued an "outperform" rating and issued a $40.00 price objective (down from $43.00) on shares of First Mid Bancshares in a research note on Friday, May 2nd. Finally, Stephens reissued a "positive" rating on shares of First Mid Bancshares in a research note on Friday, May 2nd.

First Mid Bancshares Stock Performance

FMBH traded down $0.42 during trading on Wednesday, hitting $38.67. The stock had a trading volume of 11,774 shares, compared to its average volume of 63,607. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $927.57 million, a P/E ratio of 11.51 and a beta of 0.87. The company's 50-day moving average price is $36.97 and its 200 day moving average price is $36.16. First Mid Bancshares has a twelve month low of $27.58 and a twelve month high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its quarterly 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 for the quarter, compared to analysts' expectations of $58.29 million. First Mid Bancshares had a net margin of 17.75% and a return on equity of 9.90%. On average, equities research analysts forecast that First Mid Bancshares will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a $0.24 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.48%. First Mid Bancshares's dividend payout ratio (DPR) is 28.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in First Mid Bancshares by 16.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank's stock valued at $72,000 after purchasing an additional 276 shares in the last quarter. Federated Hermes Inc. lifted its holdings in First Mid Bancshares by 35.6% in the 1st quarter. Federated Hermes Inc. now owns 1,295 shares of the bank's stock valued at $45,000 after purchasing an additional 340 shares in the last quarter. State of Wyoming lifted its holdings in First Mid Bancshares by 33.4% in the 1st quarter. State of Wyoming now owns 1,410 shares of the bank's stock valued at $49,000 after purchasing an additional 353 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in First Mid Bancshares by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,016 shares of the bank's stock valued at $479,000 after purchasing an additional 458 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in First Mid Bancshares by 6.6% in the 4th quarter. Two Sigma Advisers LP now owns 8,100 shares of the bank's stock valued at $298,000 after purchasing an additional 500 shares in the last quarter. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

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.