First Mid Bancshares, Inc. (NASDAQ:FMBH) Given Average Rating of “Moderate Buy” by Brokerages

First Mid Bancshares, Inc. (NASDAQ:FMBH) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $42.00.

Several equities research analysts recently weighed in on FMBH shares. Piper Sandler boosted their target price 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. Stephens raised their price objective on shares of First Mid Bancshares from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods cut shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a report on Wednesday, October 2nd. Finally, DA Davidson downgraded 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 research report on Tuesday.

First Mid Bancshares Stock Up 4.4 %

First Mid Bancshares stock opened at $43.20 on Tuesday. The stock’s fifty day moving average is $38.91 and its two-hundred day moving average is $36.02. The stock has a market cap of $1.03 billion, a PE ratio of 13.29 and a beta of 0.89. First Mid Bancshares has a 1-year low of $28.86 and a 1-year high of $43.30. The company has a debt-to-equity ratio of 0.48, 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 will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.96 annualized dividend and a yield of 2.22%. First Mid Bancshares’s dividend payout ratio (DPR) is 29.54%.

Institutional Investors Weigh In On First Mid Bancshares

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in First Mid Bancshares by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 1,292,218 shares of the bank’s stock valued at $42,230,000 after buying an additional 85,434 shares during the last quarter. American Century Companies Inc. lifted its stake 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 acquiring an additional 65,314 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of First Mid Bancshares by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock worth $25,584,000 after acquiring an additional 36,769 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of First Mid Bancshares in the third quarter valued at about $869,000. Finally, AQR Capital Management LLC increased its stake in shares of First Mid Bancshares by 106.4% during the second quarter. AQR Capital Management LLC now owns 31,333 shares of the bank’s stock worth $1,030,000 after acquiring an additional 16,150 shares during the period. Institutional investors and hedge funds 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.