First Mid Bancshares (NASDAQ:FMBH) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

First Mid Bancshares, Inc. (NASDAQ:FMBH)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $41.73 and traded as high as $42.29. First Mid Bancshares shares last traded at $42.13, with a volume of 153,877 shares traded.

Analysts Set New Price Targets

FMBH has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday, December 29th. DA Davidson upped their price objective on shares of First Mid Bancshares from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Zacks Research downgraded shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Mid Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $43.75.

First Mid Bancshares Stock Performance

The company has a market cap of $1.12 billion, a PE ratio of 10.97 and a beta of 0.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s 50 day moving average is $41.73 and its 200-day moving average is $39.73.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.44%. The company had revenue of $90.14 million during the quarter, compared to analysts’ expectations of $67.86 million. On average, research analysts anticipate that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. First Mid Bancshares’s dividend payout ratio is 26.04%.

Insider Buying and Selling at First Mid Bancshares

In other news, EVP Bradley L. Beesley sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $44.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president owned 12,378 shares of the company’s stock, valued at $544,632. This represents a 32.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.70% of the stock is currently owned by company insiders.

Institutional Trading of First Mid Bancshares

Several hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. grew its stake in shares of First Mid Bancshares by 17.4% in the 3rd quarter. Federated Hermes Inc. now owns 2,007 shares of the bank’s stock valued at $76,000 after buying an additional 297 shares during the period. Jane Street Group LLC boosted its position in shares of First Mid Bancshares by 0.8% during the 4th quarter. Jane Street Group LLC now owns 41,096 shares of the bank’s stock worth $1,603,000 after purchasing an additional 326 shares during the period. CWM LLC boosted its position in shares of First Mid Bancshares by 5.8% during the 4th quarter. CWM LLC now owns 6,283 shares of the bank’s stock worth $245,000 after purchasing an additional 343 shares during the period. Clearstead Advisors LLC boosted its position in shares of First Mid Bancshares by 147.2% during the 4th quarter. Clearstead Advisors LLC now owns 848 shares of the bank’s stock worth $33,000 after purchasing an additional 505 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of First Mid Bancshares by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,607 shares of the bank’s stock worth $141,000 after purchasing an additional 538 shares during the period. Hedge funds and other institutional investors own 47.57% of the company’s stock.

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.