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

First Mid Bancshares, Inc. (NASDAQ:FMBH) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $43.75.

Several research firms have issued reports on FMBH. DA Davidson upped their price target on shares of First Mid Bancshares from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th.

Insider Activity at First Mid Bancshares

In related news, EVP Bradley L. Beesley sold 6,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $44.00, for a total value of $264,000.00. Following the transaction, the executive vice president directly owned 12,378 shares in the company, valued at approximately $544,632. This represents a 32.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On First Mid Bancshares

A number of hedge funds have recently made changes to their positions in the stock. Clearstead Advisors LLC raised its holdings in First Mid Bancshares by 147.2% in the 4th quarter. Clearstead Advisors LLC now owns 848 shares of the bank’s stock valued at $33,000 after buying an additional 505 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of First Mid Bancshares in the 3rd quarter valued at $36,000. Strs Ohio acquired a new stake in First Mid Bancshares in the 1st quarter valued at $42,000. Aquatic Capital Management LLC boosted its holdings in First Mid Bancshares by 272.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock worth $54,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in First Mid Bancshares by 32.0% during the 2nd quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock worth $64,000 after acquiring an additional 415 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

First Mid Bancshares Stock Performance

Shares of FMBH opened at $42.83 on Friday. First Mid Bancshares has a 12 month low of $31.32 and a 12 month high of $44.85. The firm has a fifty day simple moving average of $41.79 and a 200 day simple moving average of $39.96. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 11.15 and a beta of 0.82. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03.

First Mid Bancshares (NASDAQ:FMBH) last announced its earnings results on Thursday, January 29th. The bank reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.44%. The business had revenue of $90.14 million during the quarter, compared to analysts’ expectations of $67.86 million. Research analysts forecast that First Mid Bancshares will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. First Mid Bancshares’s dividend payout ratio is 26.04%.

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.