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

First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $43.83.

Several analysts recently issued reports on FMBH shares. Wall Street Zen downgraded shares of First Mid Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Raymond James Financial restated an "outperform" rating and issued a $40.00 price objective (down previously 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.

Hedge Funds Weigh In On First Mid Bancshares

A number of institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in First Mid Bancshares by 804.9% during the fourth quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock worth $27,000 after purchasing an additional 652 shares during the period. PNC Financial Services Group Inc. acquired a new position in First Mid Bancshares in the first quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new position in First Mid Bancshares in the first quarter valued at about $29,000. Federated Hermes Inc. raised its stake in First Mid Bancshares by 1,226.4% during the fourth quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock worth $35,000 after acquiring an additional 883 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of First Mid Bancshares in the first quarter valued at approximately $42,000. 47.57% of the stock is currently owned by institutional investors and hedge funds.

First Mid Bancshares Stock Down 0.5%

Shares of FMBH traded down $0.20 during midday trading on Wednesday, hitting $38.88. The company had a trading volume of 56,158 shares, compared to its average volume of 63,826. The company's 50 day moving average price is $37.02 and its 200 day moving average price is $36.18. The stock has a market cap of $932.73 million, a price-to-earnings ratio of 11.57 and a beta of 0.87. First Mid Bancshares has a 52 week low of $27.58 and a 52 week high of $43.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.25.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.02. The firm had revenue of $85.21 million during the quarter, compared to analyst estimates 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 predict that First Mid Bancshares will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders 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 dividend yield of 2.47%. First Mid Bancshares's dividend payout ratio (DPR) 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.