Brokerages Set First Mid Bancshares, Inc. (NASDAQ:FMBH) Target Price at $43.83

First Mid Bancshares, Inc. (NASDAQ:FMBH) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $43.83.

Several research analysts have weighed in on FMBH shares. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $43.00) on shares of First Mid Bancshares in a research note on Friday, May 2nd. Stephens reiterated a “positive” rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Finally, Wall Street Zen lowered shares of First Mid Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th.

First Mid Bancshares Stock Down 0.5%

FMBH stock opened at $38.88 on Wednesday. First Mid Bancshares has a 52-week low of $27.58 and a 52-week high of $43.86. The company’s 50 day simple moving average is $37.02 and its 200-day simple moving average is $36.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $932.73 million, a P/E ratio of 11.57 and a beta of 0.87.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data 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. The firm had revenue of $85.21 million for the quarter, compared to analyst estimates of $58.29 million. First Mid Bancshares had a net margin of 17.75% and a return on equity of 9.90%. As a group, equities research analysts anticipate that First Mid Bancshares will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, May 15th. First Mid Bancshares’s dividend payout ratio is 28.57%.

Institutional Trading of First Mid Bancshares

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in shares of First Mid Bancshares by 20.2% during the 4th quarter. Bank of New York Mellon Corp now owns 120,471 shares of the bank’s stock worth $4,436,000 after buying an additional 20,266 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of First Mid Bancshares by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank’s stock worth $6,493,000 after buying an additional 1,096 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of First Mid Bancshares by 10.5% during the 4th quarter. Victory Capital Management Inc. now owns 32,700 shares of the bank’s stock worth $1,204,000 after buying an additional 3,100 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Mid Bancshares during the 4th quarter worth $488,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of First Mid Bancshares by 29.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,895 shares of the bank’s stock worth $1,064,000 after buying an additional 6,564 shares during the period. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Company Profile

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.