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

First Mid Bancshares, Inc. (NASDAQ:FMBH) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $49.50.

FMBH has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their price objective on First Mid Bancshares from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. DA Davidson upped their price objective on First Mid Bancshares from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Piper Sandler reiterated an “overweight” rating and set a $55.00 price objective (up from $52.00) on shares of First Mid Bancshares in a research report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of First Mid Bancshares in a research report on Friday, May 1st. Finally, Raymond James Financial reiterated an “outperform” rating and set a $48.00 price objective on shares of First Mid Bancshares in a research report on Friday, May 1st.

First Mid Bancshares Stock Performance

Shares of FMBH opened at $45.03 on Friday. The business’s fifty day simple moving average is $43.01 and its two-hundred day simple moving average is $41.56. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. First Mid Bancshares has a 12 month low of $33.92 and a 12 month high of $45.35. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 11.34 and a beta of 0.80.

First Mid Bancshares (NASDAQ:FMBH) last issued its earnings results on Wednesday, April 29th. The bank reported $1.14 EPS for the quarter, beating the consensus estimate of $0.95 by $0.19. The business had revenue of $98.54 million for the quarter, compared to the consensus estimate of $96.45 million. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.95%. Research analysts anticipate that First Mid Bancshares will post 4.58 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.2%. First Mid Bancshares’s payout ratio is 25.19%.

Hedge Funds Weigh In On First Mid Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Advisors LLC lifted its position in First Mid Bancshares by 147.2% during the fourth quarter. Clearstead Advisors LLC now owns 848 shares of the bank’s stock valued at $33,000 after purchasing an additional 505 shares in the last quarter. Strs Ohio purchased a new position in First Mid Bancshares during the first quarter valued at $42,000. Aquatic Capital Management LLC lifted its position in First Mid Bancshares by 272.5% during the third quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,052 shares in the last quarter. Federated Hermes Inc. lifted its position in First Mid Bancshares by 32.0% during the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock valued at $64,000 after purchasing an additional 415 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in First Mid Bancshares by 113.0% during the second quarter. Quantbot Technologies LP now owns 2,394 shares of the bank’s stock valued at $90,000 after purchasing an additional 1,270 shares in the last quarter. 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.