Analysts Set First Mid Bancshares, Inc. (NASDAQ:FMBH) Price Target at $42.00

First Mid Bancshares, Inc. (NASDAQ:FMBH) has received an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $42.00.

A number of research analysts have recently weighed in on FMBH shares. Piper Sandler raised their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Stephens raised their price objective on First Mid Bancshares from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods lowered First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price objective for the company. in a research report on Wednesday, October 2nd. Finally, DA Davidson lowered 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.

First Mid Bancshares Trading Down 1.0 %

Shares of First Mid Bancshares stock opened at $41.59 on Tuesday. The firm has a market cap of $994.50 million, a price-to-earnings ratio of 12.80 and a beta of 0.89. The business has a 50-day moving average price of $39.20 and a 200-day moving average price of $36.38. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. First Mid Bancshares has a twelve month low of $28.86 and a twelve month high of $43.52.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, November 14th. First Mid Bancshares’s payout ratio is 29.54%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in First Mid Bancshares by 84.7% in the first quarter. BNP Paribas Financial Markets now owns 10,774 shares of the bank’s stock worth $352,000 after purchasing an additional 4,941 shares during the last quarter. Empowered Funds LLC lifted its stake in First Mid Bancshares by 8.2% in the first quarter. Empowered Funds LLC now owns 53,206 shares of the bank’s stock worth $1,739,000 after purchasing an additional 4,015 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in First Mid Bancshares by 29.3% in the first quarter. Russell Investments Group Ltd. now owns 67,127 shares of the bank’s stock worth $2,194,000 after purchasing an additional 15,227 shares during the last quarter. Vanguard Group Inc. lifted its stake in First Mid Bancshares by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,292,218 shares of the bank’s stock worth $42,230,000 after purchasing an additional 85,434 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in First Mid Bancshares in the first quarter worth about $29,000. Institutional investors own 47.57% of the company’s stock.

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.