First Mid Bancshares, Inc. (NASDAQ:FMBH) Receives Consensus Rating of “Buy” from Brokerages

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) have earned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $42.80.

A number of equities analysts have recently weighed in on the company. Zacks Research raised First Mid Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Tuesday. Finally, Piper Sandler decreased their price target on shares of First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd.

Institutional Trading of First Mid Bancshares

A number of hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. raised its position in First Mid Bancshares by 17.4% in the 3rd quarter. Federated Hermes Inc. now owns 2,007 shares of the bank’s stock worth $76,000 after purchasing an additional 297 shares during the period. State of Wyoming grew its stake in shares of First Mid Bancshares by 33.4% during the first 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. Teacher Retirement System of Texas raised its holdings in shares of First Mid Bancshares by 2.3% in the second quarter. Teacher Retirement System of Texas now owns 24,002 shares of the bank’s stock worth $900,000 after buying an additional 537 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of First Mid Bancshares by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after buying an additional 550 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of First Mid Bancshares by 8.8% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,008 shares of the bank’s stock worth $303,000 after acquiring an additional 648 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.

First Mid Bancshares Price Performance

First Mid Bancshares stock opened at $41.97 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 11.50 and a beta of 0.93. First Mid Bancshares has a 52-week low of $27.58 and a 52-week high of $42.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50 day moving average price is $37.44 and its two-hundred day moving average price is $37.94.

First Mid Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, October 30th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. The firm had revenue of $89.27 million during the quarter, compared to the consensus estimate of $65.60 million. First Mid Bancshares had a net margin of 18.77% and a return on equity of 10.27%. On average, equities analysts predict that First Mid Bancshares will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a $0.25 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. First Mid Bancshares’s dividend payout ratio is presently 27.40%.

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.