First Mid Bancshares (NASDAQ:FMBH) Shares Pass Below 200-Day Moving Average of $30.38

First Mid Bancshares, Inc. (NASDAQ:FMBH – Get Rating) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.38 and traded as low as $22.77. First Mid Bancshares shares last traded at $23.15, with a volume of 79,898 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on FMBH. StockNews.com started coverage on shares of First Mid Bancshares in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Raymond James dropped their price objective on shares of First Mid Bancshares from $38.00 to $34.00 in a report on Monday, May 1st.

First Mid Bancshares Stock Performance

The firm’s fifty day moving average price is $25.93 and its 200-day moving average price is $30.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.77. The firm has a market cap of $475.25 million, a price-to-earnings ratio of 6.29 and a beta of 0.83.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Tuesday, May 16th. First Mid Bancshares’s payout ratio is 25.00%.

Insider Activity

In other First Mid Bancshares news, CEO Clay M. Dean purchased 1,000 shares of First Mid Bancshares stock in a transaction that occurred on Monday, May 1st. The stock was purchased at an average price of $25.22 per share, for a total transaction of $25,220.00. Following the transaction, the chief executive officer now directly owns 10,379 shares in the company, valued at $261,758.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.70% of the company’s stock.

Hedge Funds Weigh In On First Mid Bancshares

Large investors have recently bought and sold shares of the company. FMR LLC grew its stake in shares of First Mid Bancshares by 131.4% during the 1st quarter. FMR LLC now owns 1,259 shares of the bank’s stock worth $34,000 after purchasing an additional 715 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of First Mid Bancshares by 353.0% during the 1st quarter. Lindbrook Capital LLC now owns 1,350 shares of the bank’s stock worth $37,000 after acquiring an additional 1,052 shares during the period. Allworth Financial LP lifted its holdings in shares of First Mid Bancshares by 180.7% during the 1st quarter. Allworth Financial LP now owns 2,038 shares of the bank’s stock worth $55,000 after acquiring an additional 1,312 shares during the period. Tower Research Capital LLC TRC raised its holdings in First Mid Bancshares by 311.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the bank’s stock valued at $77,000 after buying an additional 1,820 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in First Mid Bancshares in the third quarter valued at approximately $116,000. Hedge funds and other institutional investors own 33.57% of the company’s stock.

About First Mid Bancshares

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First Mid Bancshares, Inc is a financial holding company, which engages in the provision of banking services through its subsidiaries. It operates through the following lines of business: Community Banking, Wealth Management, and Insurance Brokerage. The Community Banking business line, which is operated by First Mid-Illinois Bank & Trust, serves commercial, retail, and agricultural customers with a broad array of deposit and loan related products.