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

First Mid Bancshares, Inc. (NASDAQ:FMBH) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $43.83.

FMBH has been the topic of a number of recent analyst reports. Stephens reiterated a “positive” rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Hovde Group cut their price objective on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Finally, Raymond James reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $43.00) on shares of First Mid Bancshares in a report on Friday, May 2nd.

Institutional Investors Weigh In On First Mid Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. bought a new stake in shares of First Mid Bancshares in the 1st quarter worth about $26,000. Sterling Capital Management LLC increased its position in shares of First Mid Bancshares by 804.9% in the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank’s stock worth $27,000 after purchasing an additional 652 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of First Mid Bancshares in the 1st quarter worth about $29,000. Federated Hermes Inc. increased its position in shares of First Mid Bancshares by 1,226.4% in the 4th quarter. Federated Hermes Inc. now owns 955 shares of the bank’s stock worth $35,000 after purchasing an additional 883 shares during the last quarter. Finally, State of Wyoming grew its position in shares of First Mid Bancshares by 33.4% during the 1st quarter. State of Wyoming now owns 1,410 shares of the bank’s stock valued at $49,000 after buying an additional 353 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Stock Performance

NASDAQ:FMBH opened at $34.97 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $838.90 million, a price-to-earnings ratio of 10.63 and a beta of 0.84. The firm’s fifty day simple moving average is $34.35 and its 200 day simple moving average is $37.06. First Mid Bancshares has a twelve month low of $27.58 and a twelve month high of $43.86.

First Mid Bancshares (NASDAQ:FMBH) last posted its earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. The business had revenue of $85.21 million for the quarter, compared to analyst estimates of $58.29 million. As a group, equities research analysts expect that First Mid Bancshares will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Thursday, May 15th. First Mid Bancshares’s payout ratio is currently 28.57%.

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.