First Mid Bancshares (NASDAQ:FMBH) Sees Unusually-High Trading Volume

First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 23,953 shares were traded during mid-day trading, a decline of 57% from the previous session's volume of 55,395 shares.The stock last traded at $31.26 and had previously closed at $31.41.

Analyst Upgrades and Downgrades

FMBH has been the subject of a number of research reports. Raymond James lifted their price objective on First Mid Bancshares from $34.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday, January 29th. Stephens lowered their target price on First Mid Bancshares from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.50.

First Mid Bancshares Price Performance

The stock has a market capitalization of $748.95 million, a price-to-earnings ratio of 9.89 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50 day moving average of $30.90 and a 200 day moving average of $30.81.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its earnings results on Thursday, January 25th. The bank reported $0.94 EPS for the quarter, topping the consensus estimate of $0.83 by $0.11. The firm had revenue of $79.23 million during the quarter, compared to analysts' expectations of $77.10 million. First Mid Bancshares had a return on equity of 10.71% and a net margin of 17.82%. As a group, equities research analysts anticipate that First Mid Bancshares, Inc. will post 3.28 EPS for the current year.

First Mid Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, February 15th. First Mid Bancshares's dividend payout ratio (DPR) is 29.02%.

Institutional Trading of First Mid Bancshares

Institutional investors have recently bought and sold shares of the business. Ballentine Partners LLC purchased a new stake in First Mid Bancshares during the 4th quarter worth about $65,151,000. Gendell Jeffrey L purchased a new stake in First Mid Bancshares during the 3rd quarter worth about $5,714,000. Endeavour Capital Advisors Inc. purchased a new stake in First Mid Bancshares during the 3rd quarter worth about $10,895,000. Swiss National Bank lifted its holdings in First Mid Bancshares by 2.3% during the 3rd quarter. Swiss National Bank now owns 40,600 shares of the bank's stock worth $1,078,000 after buying an additional 900 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in First Mid Bancshares by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 97,220 shares of the bank's stock worth $2,582,000 after buying an additional 1,790 shares during the last quarter. 47.57% of the stock is 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.