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

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $54.6250.

Several research firms have issued reports on FMBH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Mid Bancshares in a research report on Wednesday, July 29th. Piper Sandler lifted their price target on First Mid Bancshares from $55.00 to $62.50 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Raymond James Financial reissued an “outperform” rating and issued a $48.00 price objective on shares of First Mid Bancshares in a report on Friday, May 1st. DA Davidson increased their target price on First Mid Bancshares from $47.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of First Mid Bancshares from $50.00 to $54.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th.

Institutional Trading of First Mid Bancshares

Several institutional investors have recently modified their holdings of the business. Clearstead Advisors LLC increased its position in First Mid Bancshares by 147.2% during the 4th quarter. Clearstead Advisors LLC now owns 848 shares of the bank’s stock valued at $33,000 after purchasing an additional 505 shares during the period. Public Employees Retirement System of Ohio bought a new position in First Mid Bancshares during the 2nd quarter worth approximately $38,000. Strs Ohio acquired a new position in shares of First Mid Bancshares in the 1st quarter worth approximately $42,000. Aquatic Capital Management LLC lifted its position in shares of First Mid Bancshares by 272.5% in the 3rd quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock worth $54,000 after purchasing an additional 1,052 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of First Mid Bancshares in the 2nd quarter valued at $59,000. Institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Stock Down 2.6%

First Mid Bancshares stock opened at $50.11 on Thursday. The company has a 50 day moving average of $49.33 and a 200-day moving average of $44.96. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. First Mid Bancshares has a twelve month low of $34.15 and a twelve month high of $53.36. The stock has a market capitalization of $1.33 billion, a PE ratio of 12.43 and a beta of 0.78.

First Mid Bancshares (NASDAQ:FMBH) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.21. First Mid Bancshares had a return on equity of 10.86% and a net margin of 19.76%.The business had revenue of $109.32 million during the quarter, compared to the consensus estimate of $107.42 million. On average, equities research analysts anticipate that First Mid Bancshares will post 4.69 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%. First Mid Bancshares’s payout ratio is presently 25.81%.

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.