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

First Mid Bancshares, Inc. (NASDAQ:FMBH) has been given an average recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $43.40.

A number of equities research analysts have commented on the stock. Stephens restated an “equal weight” rating and issued a $43.00 price target on shares of First Mid Bancshares in a report on Friday, January 24th. DA Davidson downgraded First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their target price for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods upped their price target on First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler raised their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st.

Insider Activity at First Mid Bancshares

In other news, Director James Edwin Zimmer acquired 1,000 shares of First Mid Bancshares stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $39.87 per share, with a total value of $39,870.00. Following the transaction, the director now owns 4,050 shares of the company’s stock, valued at approximately $161,473.50. This trade represents a 32.79 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.70% of the stock is owned by insiders.

Hedge Funds Weigh In On First Mid Bancshares

Institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System bought a new stake in First Mid Bancshares in the fourth quarter worth about $76,000. Quantbot Technologies LP purchased a new stake in shares of First Mid Bancshares during the 3rd quarter worth approximately $84,000. PDT Partners LLC bought a new stake in shares of First Mid Bancshares in the 3rd quarter worth approximately $203,000. Centiva Capital LP purchased a new position in First Mid Bancshares in the third quarter valued at approximately $213,000. Finally, BNP Paribas Financial Markets grew its holdings in First Mid Bancshares by 33.6% during the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock valued at $233,000 after purchasing an additional 1,510 shares during the period. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Stock Down 0.3 %

Shares of NASDAQ:FMBH opened at $38.02 on Friday. First Mid Bancshares has a 1 year low of $28.86 and a 1 year high of $43.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $38.65 and its 200-day moving average is $38.83. The company has a market capitalization of $909.06 million, a price-to-earnings ratio of 11.70 and a beta of 0.93.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a return on equity of 10.38% and a net margin of 17.32%. Equities research analysts predict that First Mid Bancshares will post 3.42 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Thursday, February 13th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 29.54%.

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.