First Mid Bancshares, Inc. (NASDAQ:FMBH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $42.80.

FMBH has been the topic of several recent analyst reports. Zacks Research downgraded shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Monday, December 29th. Finally, Piper Sandler reduced their target price on First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, November 3rd.

Insider Buying and Selling at First Mid Bancshares

In related news, CEO Clay M. Dean sold 1,099 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $42.69, for a total transaction of $46,916.31. Following the completion of the sale, the chief executive officer owned 9,624 shares of the company’s stock, valued at approximately $410,848.56. This represents a 10.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On First Mid Bancshares

A number of large investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC raised its stake in First Mid Bancshares by 609.7% during the second quarter. Valeo Financial Advisors LLC now owns 86,292 shares of the bank’s stock worth $3,235,000 after purchasing an additional 74,133 shares during the period. American Century Companies Inc. increased its holdings in shares of First Mid Bancshares by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 532,170 shares of the bank’s stock worth $19,951,000 after buying an additional 35,282 shares during the last quarter. Cozad Asset Management Inc. purchased a new stake in shares of First Mid Bancshares during the 2nd quarter valued at approximately $3,842,000. HoldCo Asset Management LP acquired a new position in First Mid Bancshares in the second quarter valued at approximately $1,248,000. Finally, Armstrong Fleming & Moore Inc purchased a new position in First Mid Bancshares in the second quarter worth approximately $935,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Performance

NASDAQ FMBH opened at $42.10 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 10.96 and a beta of 0.90. The stock has a 50-day moving average of $40.46 and a 200 day moving average of $38.87. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37. First Mid Bancshares has a twelve month low of $27.58 and a twelve month high of $44.32.

First Mid Bancshares (NASDAQ:FMBH) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. First Mid Bancshares had a return on equity of 10.61% and a net margin of 19.69%.The business had revenue of $90.14 million during the quarter, compared to analysts’ expectations of $67.86 million. Sell-side analysts anticipate that First Mid Bancshares will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, February 12th. First Mid Bancshares’s dividend payout ratio is 27.40%.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.