First Mid Bancshares, Inc. (NASDAQ:FMBH) Short Interest Update

First Mid Bancshares, Inc. (NASDAQ:FMBH) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 112,700 shares, a growth of 7.6% from the November 30th total of 104,700 shares. Based on an average daily volume of 56,400 shares, the short-interest ratio is currently 2.0 days.

First Mid Bancshares Stock Down 0.3 %

Shares of FMBH opened at $36.82 on Thursday. The business’s 50 day moving average is $40.22 and its 200 day moving average is $38.20. The company has a market capitalization of $880.44 million, a PE ratio of 11.33 and a beta of 0.91. First Mid Bancshares has a 12-month low of $28.86 and a 12-month high of $43.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.61%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FMBH. Stephens downgraded First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective on First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler raised their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, DA Davidson downgraded First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $44.00 to $47.00 in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Trading of First Mid Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMBH. Victory Capital Management Inc. increased its stake in First Mid Bancshares by 2.2% in the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock worth $998,000 after acquiring an additional 650 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in First Mid Bancshares by 1.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock worth $3,459,000 after acquiring an additional 900 shares during the last quarter. Rhumbline Advisers increased its stake in First Mid Bancshares by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock worth $1,094,000 after acquiring an additional 1,049 shares during the last quarter. Choreo LLC increased its stake in First Mid Bancshares by 17.9% in the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after acquiring an additional 1,149 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in First Mid Bancshares by 33.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock worth $233,000 after acquiring an additional 1,510 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

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.