First Mid Bancshares (NASDAQ:FMBH) Stock Passes Above 50 Day Moving Average of $31.83

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBHGet Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $31.83 and traded as high as $32.51. First Mid Bancshares shares last traded at $32.24, with a volume of 33,350 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FMBH shares. Piper Sandler decreased their price target on shares of First Mid Bancshares from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Hovde Group assumed coverage on shares of First Mid Bancshares in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

Get Our Latest Stock Analysis on First Mid Bancshares

First Mid Bancshares Price Performance

The firm has a market capitalization of $770.54 million, a PE ratio of 10.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.90 and a current ratio of 0.90. The business’s 50 day moving average is $31.83 and its two-hundred day moving average is $31.72.

First Mid Bancshares (NASDAQ:FMBHGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. First Mid Bancshares had a net margin of 17.01% and a return on equity of 10.56%. The firm had revenue of $79.95 million during the quarter, compared to the consensus estimate of $80.20 million. Equities research analysts anticipate that First Mid Bancshares, Inc. will post 3.23 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Tuesday, May 14th. First Mid Bancshares’s dividend payout ratio is currently 29.68%.

Institutional Trading of First Mid Bancshares

A number of hedge funds have recently made changes to their positions in the stock. ICA Group Wealth Management LLC bought a new stake in shares of First Mid Bancshares during the 4th quarter worth $25,000. EntryPoint Capital LLC bought a new stake in shares of First Mid Bancshares during the 1st quarter worth $29,000. New York State Common Retirement Fund lifted its holdings in shares of First Mid Bancshares by 10.2% during the 4th quarter. New York State Common Retirement Fund now owns 10,865 shares of the bank’s stock worth $377,000 after acquiring an additional 1,007 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of First Mid Bancshares by 48.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,370 shares of the bank’s stock worth $186,000 after acquiring an additional 1,743 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of First Mid Bancshares by 4.4% during the 4th quarter. Swiss National Bank now owns 42,400 shares of the bank’s stock worth $1,470,000 after acquiring an additional 1,800 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Company Profile

(Get Free Report)

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.

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