Analysts Set First Mid Bancshares, Inc. (NASDAQ:FMBH) Price Target at $42.80

First Mid Bancshares, Inc. (NASDAQ:FMBH) has been given an average rating of “Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $42.80.

A number of analysts recently commented on FMBH shares. Zacks Research upgraded shares of First Mid Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday. Finally, Piper Sandler reduced their price target on First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd.

Hedge Funds Weigh In On First Mid Bancshares

A number of large investors have recently modified their holdings of the company. Cozad Asset Management Inc. bought a new stake in First Mid Bancshares during the second quarter valued at $3,842,000. AQR Capital Management LLC increased its stake in First Mid Bancshares by 256.9% in the 1st quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after acquiring an additional 76,050 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of First Mid Bancshares by 609.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 86,292 shares of the bank’s stock valued at $3,235,000 after acquiring an additional 74,133 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of First Mid Bancshares by 63.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 161,024 shares of the bank’s stock valued at $6,100,000 after acquiring an additional 62,404 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its position in shares of First Mid Bancshares by 421.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 71,260 shares of the bank’s stock valued at $2,699,000 after acquiring an additional 57,600 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.

First Mid Bancshares Trading Down 0.4%

Shares of FMBH opened at $42.12 on Friday. First Mid Bancshares has a fifty-two week low of $27.58 and a fifty-two week high of $42.85. The business has a 50-day moving average of $37.75 and a 200 day moving average of $38.10. The firm has a market cap of $1.01 billion, a P/E ratio of 11.54 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.93 and a current ratio of 0.93.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, October 30th. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $89.27 million for the quarter, compared to the consensus estimate of $65.60 million. First Mid Bancshares had a net margin of 18.77% and a return on equity of 10.27%. As a group, research analysts forecast that First Mid Bancshares will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. First Mid Bancshares’s dividend payout ratio is currently 27.40%.

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.