First Mid Bancshares, Inc. (NASDAQ:FMBH) Given Average Recommendation of “Moderate Buy” by Analysts

First Mid Bancshares, Inc. (NASDAQ:FMBH) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $49.50.

Several equities research analysts recently weighed in on FMBH shares. Keefe, Bruyette & Woods boosted their target price on First Mid Bancshares from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $55.00 price target (up from $52.00) on shares of First Mid Bancshares in a report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and set a $48.00 price target on shares of First Mid Bancshares in a report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of First Mid Bancshares in a report on Friday, May 1st. Finally, DA Davidson upped their price target on First Mid Bancshares from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, May 4th.

First Mid Bancshares Stock Up 0.5%

FMBH opened at $48.09 on Wednesday. The business has a 50 day moving average price of $44.43 and a 200 day moving average price of $42.56. First Mid Bancshares has a twelve month low of $34.15 and a twelve month high of $49.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $1.28 billion, a P/E ratio of 12.11 and a beta of 0.80.

First Mid Bancshares (NASDAQ:FMBH) last posted its earnings results 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. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.95%.The firm had revenue of $98.54 million during the quarter, compared to analyst estimates of $96.45 million. Research analysts forecast that First Mid Bancshares will post 4.58 EPS for the current year.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. First Mid Bancshares’s payout ratio is 25.19%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FMBH. AQR Capital Management LLC lifted its holdings in shares of First Mid Bancshares by 256.9% during the first quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after buying an additional 76,050 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of First Mid Bancshares by 63.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 161,024 shares of the bank’s stock valued at $6,100,000 after purchasing an additional 62,404 shares during the period. Tudor Investment Corp ET AL increased its position in shares of First Mid Bancshares by 421.7% during the third quarter. Tudor Investment Corp ET AL now owns 71,260 shares of the bank’s stock valued at $2,699,000 after purchasing an additional 57,600 shares during the period. Goldman Sachs Group Inc. increased its position in shares of First Mid Bancshares by 43.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 188,473 shares of the bank’s stock valued at $7,350,000 after purchasing an additional 57,320 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of First Mid Bancshares by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,101,095 shares of the bank’s stock valued at $45,354,000 after purchasing an additional 56,997 shares during the period. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.