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

First Mid Bancshares, Inc. (NASDAQ:FMBH) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $49.50.

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

Institutional Trading of First Mid Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of First Mid Bancshares by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,366,627 shares of the bank’s stock worth $51,768,000 after buying an additional 44,319 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in First Mid Bancshares by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,101,095 shares of the bank’s stock valued at $45,354,000 after purchasing an additional 56,997 shares during the last quarter. American Century Companies Inc. boosted its stake in First Mid Bancshares by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 584,286 shares of the bank’s stock valued at $22,133,000 after purchasing an additional 52,116 shares during the last quarter. Geode Capital Management LLC boosted its stake in First Mid Bancshares by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 546,389 shares of the bank’s stock valued at $21,313,000 after purchasing an additional 12,484 shares during the last quarter. Finally, State Street Corp boosted its stake in First Mid Bancshares by 0.9% during the 4th quarter. State Street Corp now owns 530,875 shares of the bank’s stock valued at $20,704,000 after purchasing an additional 4,808 shares during the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Trading Up 0.9%

FMBH opened at $45.03 on Friday. The business has a 50 day simple moving average of $43.01 and a two-hundred day simple moving average of $41.56. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97. First Mid Bancshares has a one year low of $33.92 and a one year high of $45.35.

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

First Mid Bancshares Announces Dividend

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

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.