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

First Mid Bancshares, Inc. (NASDAQ:FMBH) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities 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 analysts that have issued ratings on the stock in the last year is $42.50.

Several research firms recently issued reports on FMBH. Stephens downgraded shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods boosted their target price on shares of First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler raised their price target on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, DA Davidson downgraded First Mid Bancshares from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $44.00 to $47.00 in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On First Mid Bancshares

Several large investors have recently made changes to their positions in FMBH. American Century Companies Inc. boosted its holdings in shares of First Mid Bancshares by 23.7% in the 2nd 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 last quarter. Dimensional Fund Advisors LP grew its position in shares of First Mid Bancshares by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock valued at $25,584,000 after acquiring an additional 36,769 shares during the period. Wellington Management Group LLP increased its stake in shares of First Mid Bancshares by 7.3% during the 3rd quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock worth $15,094,000 after purchasing an additional 26,560 shares during the last quarter. Barclays PLC raised its holdings in shares of First Mid Bancshares by 327.6% in the 3rd quarter. Barclays PLC now owns 34,347 shares of the bank’s stock worth $1,337,000 after purchasing an additional 26,315 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in First Mid Bancshares by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank’s stock valued at $5,180,000 after purchasing an additional 25,855 shares during the period. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Trading Up 0.6 %

Shares of First Mid Bancshares stock opened at $36.19 on Wednesday. The stock has a market capitalization of $865.38 million, a PE ratio of 11.14 and a beta of 0.93. First Mid Bancshares has a 52 week low of $28.86 and a 52 week high of $43.86. The stock has a 50 day moving average price of $40.12 and a two-hundred day moving average price of $38.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91.

First Mid Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.96 annualized dividend and a yield of 2.65%. First Mid Bancshares’s dividend payout ratio is currently 29.54%.

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.