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

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) have been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $42.80.

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

Institutional Trading of First Mid Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of FMBH. PNC Financial Services Group Inc. acquired a new stake in First Mid Bancshares during the first quarter valued at $26,000. Nuveen LLC purchased a new stake in shares of First Mid Bancshares in the first quarter valued at approximately $1,868,000. Russell Investments Group Ltd. grew its holdings in First Mid Bancshares by 7.4% in the 1st quarter. Russell Investments Group Ltd. now owns 83,712 shares of the bank’s stock valued at $2,922,000 after buying an additional 5,756 shares in the last quarter. American Century Companies Inc. grew its holdings in First Mid Bancshares by 10.2% in the 1st quarter. American Century Companies Inc. now owns 496,888 shares of the bank’s stock valued at $17,341,000 after buying an additional 45,831 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in shares of First Mid Bancshares by 17.6% in the 1st quarter. Martingale Asset Management L P now owns 47,769 shares of the bank’s stock worth $1,667,000 after acquiring an additional 7,154 shares during the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Stock Performance

First Mid Bancshares stock opened at $41.97 on Friday. 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 company has a market capitalization of $1.01 billion, a PE ratio of 11.50 and a beta of 0.93. The company has a 50 day moving average price of $37.44 and a 200-day moving average price of $37.94. First Mid Bancshares has a fifty-two week low of $27.58 and a fifty-two week high of $42.50.

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

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. First Mid Bancshares’s dividend payout ratio (DPR) is currently 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.