First Mid Bancshares, Inc. (NASDAQ:FMBH) Short Interest Down 14.4% in September

First Mid Bancshares, Inc. (NASDAQ:FMBH) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 186,200 shares, a decrease of 14.4% from the September 15th total of 217,600 shares. Based on an average trading volume of 67,900 shares, the short-interest ratio is currently 2.7 days.

Analyst Ratings Changes

Several analysts have recently weighed in on FMBH shares. Hovde Group started coverage on shares of First Mid Bancshares in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $35.00 price target for the company. Keefe, Bruyette & Woods lowered shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, First Mid Bancshares has a consensus rating of “Moderate Buy” and an average target price of $38.20.

First Mid Bancshares Trading Up 1.4 %

NASDAQ:FMBH traded up $0.57 on Wednesday, hitting $40.45. 12,581 shares of the stock were exchanged, compared to its average volume of 57,566. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50-day moving average price is $38.55 and its 200 day moving average price is $34.84. First Mid Bancshares has a 52 week low of $25.73 and a 52 week high of $41.02. The stock has a market capitalization of $966.59 million, a price-to-earnings ratio of 12.86 and a beta of 0.89.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Thursday, August 1st. The bank reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. The firm had revenue of $79.19 million for the quarter, compared to analyst estimates of $78.25 million. First Mid Bancshares had a return on equity of 10.43% and a net margin of 16.75%. On average, equities research analysts forecast that First Mid Bancshares will post 3.47 earnings per share for the current year.

First Mid Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.37%. This is a positive change from First Mid Bancshares’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, August 16th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 30.97%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FMBH. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 85,434 shares in 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. American Century Companies Inc. lifted 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 valued at $11,190,000 after buying an additional 65,314 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of First Mid Bancshares by 5.9% during the 4th quarter. Wellington Management Group LLP now owns 294,666 shares of the bank’s stock worth $10,213,000 after purchasing an additional 16,388 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in First Mid Bancshares by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 118,048 shares of the bank’s stock valued at $3,881,000 after acquiring an additional 7,849 shares during the last quarter. Hedge funds and other 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.