First Mid Bancshares (NASDAQ:FMBH) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

First Mid Bancshares, Inc. (NASDAQ:FMBH)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $38.36 and traded as low as $33.79. First Mid Bancshares shares last traded at $34.59, with a volume of 65,182 shares.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens lowered shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. DA Davidson lowered 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 report on Tuesday, November 12th. Finally, Piper Sandler lifted their target price 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, First Mid Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

First Mid Bancshares Trading Down 2.8 %

The business’s 50-day simple moving average is $39.82 and its 200-day simple moving average is $38.44. The company has a market cap of $827.12 million, a price-to-earnings ratio of 10.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.78%. First Mid Bancshares’s dividend payout ratio (DPR) is 29.54%.

Institutional Trading of First Mid Bancshares

Several large investors have recently modified their holdings of FMBH. Dimensional Fund Advisors LP raised 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 worth $25,584,000 after buying an additional 36,769 shares in the last quarter. Wellington Management Group LLP raised its position in First Mid Bancshares by 7.3% during the third quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock valued at $15,094,000 after buying an additional 26,560 shares during the period. American Century Companies Inc. boosted its position in First Mid Bancshares by 23.7% during the 2nd quarter. American Century Companies Inc. now owns 340,343 shares of the bank’s stock worth $11,190,000 after acquiring an additional 65,314 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of First Mid Bancshares by 24.1% in the 3rd 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. Finally, Bank of New York Mellon Corp boosted its holdings in shares of First Mid Bancshares by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 118,048 shares of the bank’s stock worth $3,881,000 after purchasing an additional 7,849 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, 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.