First Mid Bancshares (NASDAQ:FMBH) Sees Unusually-High Trading Volume

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) saw an uptick in trading volume on Friday . 46,194 shares traded hands during trading, a decline of 20% from the previous session’s volume of 57,501 shares.The stock last traded at $40.02 and had previously closed at $40.60.

Analyst Ratings Changes

Separately, Hovde Group began coverage on First Mid Bancshares in a research note on Wednesday, June 26th. They set an “outperform” rating and a $35.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

First Mid Bancshares Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $962.77 million, a PE ratio of 12.91 and a beta of 0.89. The business has a fifty day moving average of $38.48 and a 200-day moving average of $33.90.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Thursday, August 1st. The bank reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. The firm had revenue of $79.19 million during the quarter, compared to analyst estimates of $78.25 million. First Mid Bancshares had a return on equity of 10.43% and a net margin of 16.75%. Equities research analysts anticipate that First Mid Bancshares, Inc. will post 3.47 earnings per share for the current year.

First Mid Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.24 dividend. This is a positive change from First Mid Bancshares’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.38%. First Mid Bancshares’s payout ratio is presently 30.97%.

Institutional Trading of First Mid Bancshares

A number of large investors have recently modified their holdings of FMBH. Vanguard Group Inc. lifted its holdings in First Mid Bancshares by 7.1% during the first quarter. Vanguard Group Inc. now owns 1,292,218 shares of the bank’s stock worth $42,230,000 after buying an additional 85,434 shares during the period. Dimensional Fund Advisors LP lifted its holdings in First Mid Bancshares by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock worth $25,584,000 after buying an additional 36,769 shares during the period. American Century Companies Inc. lifted its holdings in First Mid Bancshares by 23.7% during the second quarter. American Century Companies Inc. now owns 340,343 shares of the bank’s stock worth $11,190,000 after buying an additional 65,314 shares during the period. Wellington Management Group LLP lifted its holdings in First Mid Bancshares by 5.9% during the fourth quarter. Wellington Management Group LLP now owns 294,666 shares of the bank’s stock worth $10,213,000 after buying an additional 16,388 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in First Mid Bancshares by 21.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 176,704 shares of the bank’s stock worth $6,125,000 after buying an additional 31,164 shares during the period. Hedge funds and other institutional investors own 47.57% of the company’s stock.

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.