First Mid Bancshares, Inc. (FMBH) – What Are Analysts Saying About This Stock?

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $55.50.

FMBH has been the subject of a number of analyst reports. DA Davidson boosted their price objective on shares of First Mid Bancshares from $53.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday. Piper Sandler boosted their price objective on shares of First Mid Bancshares from $62.50 to $64.00 and gave the stock an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods raised their target price on First Mid Bancshares from $50.00 to $54.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Finally, Weiss Ratings lowered shares of First Mid Bancshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd.

First Mid Bancshares Trading Up 2.1%

NASDAQ:FMBH opened at $51.47 on Tuesday. First Mid Bancshares has a 12-month low of $34.15 and a 12-month high of $53.36. The firm has a market cap of $1.37 billion, a P/E ratio of 11.86 and a beta of 0.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $49.99 and its 200-day simple moving average is $46.12.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, October 29th. The bank reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The firm had revenue of $107.43 million for the quarter, compared to analyst estimates of $108.47 million. First Mid Bancshares had a return on equity of 10.86% and a net margin of 19.76%. Equities analysts anticipate that First Mid Bancshares will post 4.76 EPS for the current year.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a $0.26 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. First Mid Bancshares’s dividend payout ratio (DPR) is presently 23.96%.

Institutional Trading of First Mid Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its stake in shares of First Mid Bancshares by 36.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the bank’s stock valued at $57,000 after buying an additional 310 shares during the period. USA Financial Formulas acquired a new stake in shares of First Mid Bancshares in the 3rd quarter valued at $40,000. Sequoia Financial Advisors LLC bought a new stake in First Mid Bancshares during the second quarter worth about $592,000. Integrated Wealth Concepts LLC acquired a new stake in First Mid Bancshares during the 2nd quarter valued at $31,000. Finally, Arizona State Retirement System raised its holdings in shares of First Mid Bancshares by 8.3% in the second quarter. Arizona State Retirement System now owns 6,428 shares of the bank’s stock valued at $309,000 after buying an additional 495 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc is a financial services holding company headquartered in Mattoon, Illinois. Through its principal subsidiary, First Mid Bank & Trust, N.A., the company provides banking and related financial services to individuals, families, farmers, businesses and governmental entities.

First Mid Bank & Trust offers deposit accounts, consumer and commercial lending, agricultural loans, mortgage services, treasury and cash-management services, online and mobile banking, and other traditional banking products.