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

First Mid Bancshares, Inc. (NASDAQ:FMBH) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $49.50.

A number of equities analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $48.00 price target on shares of First Mid Bancshares in a research note on Friday, May 1st. Piper Sandler restated an “overweight” rating and issued a $55.00 price objective (up from $52.00) on shares of First Mid Bancshares in a report on Friday, May 1st. DA Davidson raised their price objective on shares of First Mid Bancshares from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods raised their target price on First Mid Bancshares from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of First Mid Bancshares in a research note on Friday, May 1st.

First Mid Bancshares Trading Down 1.5%

NASDAQ FMBH opened at $41.79 on Tuesday. First Mid Bancshares has a fifty-two week low of $33.67 and a fifty-two week high of $44.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a 50 day simple moving average of $41.86 and a two-hundred day simple moving average of $40.82. The stock has a market cap of $1.11 billion, a P/E ratio of 10.53 and a beta of 0.79.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. The business had revenue of $98.54 million during the quarter, compared to analysts’ expectations of $96.45 million. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.95%. On average, analysts forecast that First Mid Bancshares will post 4.58 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, May 15th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 25.19%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FMBH. Clearstead Advisors LLC lifted its position in First Mid Bancshares by 147.2% during the 4th quarter. Clearstead Advisors LLC now owns 848 shares of the bank’s stock valued at $33,000 after acquiring an additional 505 shares during the period. State of Alaska Department of Revenue purchased a new position in First Mid Bancshares during the third quarter valued at $36,000. Strs Ohio purchased a new position in First Mid Bancshares during the first quarter valued at $42,000. Aquatic Capital Management LLC raised its stake in First Mid Bancshares by 272.5% during the third quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock valued at $54,000 after buying an additional 1,052 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in First Mid Bancshares by 32.0% during the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock valued at $64,000 after buying an additional 415 shares during the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

About First Mid Bancshares

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.