First Mid Bancshares, Inc. (NASDAQ:FMBH) Receives $42.50 Consensus Target Price from Analysts

Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $42.50.

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

Institutional Trading of First Mid Bancshares

Large investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in 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 acquiring an additional 65,314 shares during the period. Dimensional Fund Advisors LP grew its position in shares of First Mid Bancshares by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock valued at $25,584,000 after purchasing an additional 36,769 shares during the period. Wellington Management Group LLP increased its stake in First Mid Bancshares by 7.3% in the third quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock valued at $15,094,000 after purchasing an additional 26,560 shares during the last quarter. Barclays PLC lifted its position in First Mid Bancshares by 327.6% during the third quarter. Barclays PLC now owns 34,347 shares of the bank’s stock worth $1,337,000 after buying an additional 26,315 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in First Mid Bancshares during the third quarter worth about $869,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

First Mid Bancshares Stock Up 1.2 %

First Mid Bancshares stock opened at $41.91 on Friday. The stock’s 50 day moving average price is $40.24 and its 200 day moving average price is $37.46. The company has a market cap of $1.00 billion, a PE ratio of 12.89 and a beta of 0.91. 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 has a 1-year low of $28.86 and a 1-year high of $43.86.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors 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 annualized dividend and a dividend yield of 2.29%. 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.