First Mid Bancshares (NASDAQ:FMBH) Hits New 1-Year Low at $25.29

First Mid Bancshares, Inc. (NASDAQ:FMBHGet Rating)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $25.29 and last traded at $25.31, with a volume of 4932 shares. The stock had previously closed at $26.81.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FMBH. Raymond James cut their price objective on First Mid Bancshares from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, January 30th. DA Davidson reiterated a “buy” rating on shares of First Mid Bancshares in a research report on Wednesday, December 21st.

First Mid Bancshares Stock Performance

The firm’s 50-day simple moving average is $31.52 and its two-hundred day simple moving average is $33.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $562.93 million, a PE ratio of 7.61 and a beta of 0.84.

First Mid Bancshares (NASDAQ:FMBHGet Rating) last issued its quarterly earnings results on Thursday, January 26th. The bank reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. The business had revenue of $63.88 million for the quarter, compared to the consensus estimate of $67.97 million. First Mid Bancshares had a return on equity of 12.10% and a net margin of 25.11%. On average, equities research analysts expect that First Mid Bancshares, Inc. will post 3.33 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.35%. First Mid Bancshares’s dividend payout ratio is 25.48%.

Insider Buying and Selling

In other First Mid Bancshares news, CEO Bradley L. Beesley sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $32.09, for a total value of $32,090.00. Following the transaction, the chief executive officer now owns 9,418 shares in the company, valued at approximately $302,223.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 9.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of First Mid Bancshares by 5.2% in the 4th quarter. Legal & General Group Plc now owns 6,974 shares of the bank’s stock valued at $224,000 after buying an additional 346 shares in the last quarter. Morgan Stanley grew its position in First Mid Bancshares by 45.8% in the fourth quarter. Morgan Stanley now owns 19,722 shares of the bank’s stock worth $633,000 after acquiring an additional 6,193 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of First Mid Bancshares by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 132,046 shares of the bank’s stock valued at $4,236,000 after purchasing an additional 471 shares in the last quarter. Barclays PLC lifted its stake in shares of First Mid Bancshares by 402.4% in the 4th quarter. Barclays PLC now owns 5,004 shares of the bank’s stock valued at $160,000 after purchasing an additional 4,008 shares during the last quarter. Finally, Credit Suisse AG boosted its holdings in First Mid Bancshares by 11.7% in the fourth quarter. Credit Suisse AG now owns 14,983 shares of the bank’s stock worth $481,000 after purchasing an additional 1,572 shares in the last quarter. 33.57% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Company Profile

(Get Rating)

First Mid Bancshares, Inc is a financial holding company, which engages in the provision of banking services through its subsidiaries. It operates through the following lines of business: Community Banking, Wealth Management, and Insurance Brokerage. The Community Banking business line, which is operated by First Mid-Illinois Bank & Trust, serves commercial, retail, and agricultural customers with a broad array of deposit and loan related products.

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