Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH – Get Free Report) have been assigned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $43.40.
A number of analysts recently issued reports on FMBH shares. Keefe, Bruyette & Woods increased their price objective on First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. DA Davidson lowered shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their price objective for the company from $44.00 to $47.00 in a research report on Tuesday, November 12th. Stephens reaffirmed an “equal weight” rating and set a $43.00 target price on shares of First Mid Bancshares in a report on Friday, January 24th. Finally, Piper Sandler raised their price target on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st.
Read Our Latest Analysis on FMBH
Insider Buying and Selling at First Mid Bancshares
Institutional Trading of First Mid Bancshares
Several hedge funds and other institutional investors have recently bought and sold shares of FMBH. Dimensional Fund Advisors LP lifted its holdings in shares of First Mid Bancshares by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock worth $25,584,000 after acquiring an additional 36,769 shares during the last quarter. Renaissance Technologies LLC boosted its position in First Mid Bancshares by 27.5% during the second quarter. Renaissance Technologies LLC now owns 13,000 shares of the bank’s stock valued at $427,000 after buying an additional 2,800 shares during the period. AQR Capital Management LLC boosted its position in First Mid Bancshares by 106.4% during the second quarter. AQR Capital Management LLC now owns 31,333 shares of the bank’s stock valued at $1,030,000 after buying an additional 16,150 shares during the period. Creative Planning grew its stake in shares of First Mid Bancshares by 2.1% during the second quarter. Creative Planning now owns 106,397 shares of the bank’s stock valued at $3,498,000 after buying an additional 2,186 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of First Mid Bancshares by 44.6% in the third quarter. SG Americas Securities LLC now owns 12,006 shares of the bank’s stock worth $467,000 after buying an additional 3,703 shares during the period. Hedge funds and other institutional investors own 47.57% of the company’s stock.
First Mid Bancshares Price Performance
FMBH opened at $38.02 on Friday. The firm has a 50-day moving average price of $38.65 and a 200-day moving average price of $38.83. First Mid Bancshares has a twelve month low of $28.86 and a twelve month high of $43.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. 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 – Get Free Report) last issued its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.32% and a return on equity of 10.38%. Equities analysts expect that First Mid Bancshares will post 3.42 EPS for the current year.
First Mid Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, February 13th. First Mid Bancshares’s dividend payout ratio (DPR) is 29.54%.
About First Mid Bancshares
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.
Featured Articles
- Five stocks we like better than First Mid Bancshares
- What is a Special Dividend?
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- Investing in Commodities: What Are They? How to Invest in Them
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for First Mid Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Mid Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.