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

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $42.50.

Several research firms have recently weighed in on FMBH. Piper Sandler lifted their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. DA Davidson downgraded shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and boosted their target price for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Stephens reaffirmed an “equal weight” rating and issued a $43.00 target price on shares of First Mid Bancshares in a research report on Friday. Finally, Keefe, Bruyette & Woods increased their price objective on First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

First Mid Bancshares Price Performance

NASDAQ FMBH opened at $37.84 on Friday. First Mid Bancshares has a 1 year low of $28.86 and a 1 year high of $43.86. The business’s fifty day moving average is $38.91 and its two-hundred day moving average is $38.75. The stock has a market capitalization of $904.75 million, a P/E ratio of 11.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91.

First Mid Bancshares (NASDAQ:FMBH) last announced its earnings results on Thursday, January 23rd. The bank reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a return on equity of 10.38% and a net margin of 17.32%. On average, research analysts forecast that First Mid Bancshares will post 3.42 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. First Mid Bancshares’s dividend payout ratio (DPR) is currently 29.54%.

Insider Transactions at First Mid Bancshares

In other First Mid Bancshares news, Director James Edwin Zimmer bought 1,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $39.87 per share, with a total value of $39,870.00. Following the completion of the transaction, the director now directly owns 4,050 shares of the company’s stock, valued at approximately $161,473.50. The trade was a 32.79 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On First Mid Bancshares

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in First Mid Bancshares by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock valued at $25,584,000 after purchasing an additional 36,769 shares during the last quarter. Wellington Management Group LLP grew its stake in First Mid Bancshares by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock valued at $15,094,000 after buying an additional 26,560 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in First Mid Bancshares by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank’s stock worth $5,180,000 after acquiring an additional 25,855 shares during the period. Creative Planning lifted its position in First Mid Bancshares by 2.1% during the 2nd quarter. Creative Planning now owns 106,397 shares of the bank’s stock worth $3,498,000 after acquiring an additional 2,186 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in First Mid Bancshares by 1.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock valued at $3,459,000 after acquiring an additional 900 shares during the period. 47.57% of the stock is currently owned by 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.