First Mid Bancshares (NASDAQ:FMBH) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

First Mid Bancshares, Inc. (NASDAQ:FMBH)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research lowered First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Monday, December 29th. Finally, DA Davidson raised their price target on First Mid Bancshares from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, First Mid Bancshares has an average rating of “Moderate Buy” and a consensus target price of $43.75.

First Mid Bancshares Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.15 billion, a P/E ratio of 11.29 and a beta of 0.82. The stock has a 50 day moving average of $41.75 and a 200-day moving average of $39.77.

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

First Mid Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, February 12th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 26.04%.

Insider Buying and Selling

In other First Mid Bancshares news, EVP Bradley L. Beesley sold 6,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $44.00, for a total transaction of $264,000.00. Following the transaction, the executive vice president directly owned 12,378 shares in the company, valued at $544,632. This trade represents a 32.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. increased its holdings in First Mid Bancshares by 17.4% during 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. Jane Street Group LLC increased its holdings in 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 increased its holdings in 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 increased its holdings in 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. increased its holdings in 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. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

About First Mid Bancshares

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.