First Mid Bancshares (NASDAQ:FMBH) Sees Strong Trading Volume

First Mid Bancshares, Inc. (NASDAQ:FMBH) saw an uptick in trading volume on Tuesday . 23,953 shares were traded during trading, a decline of 57% from the previous session’s volume of 55,395 shares.The stock last traded at $31.26 and had previously closed at $31.41.

Analysts Set New Price Targets

A number of brokerages recently commented on FMBH. Stephens lowered their price objective on shares of First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Raymond James lifted their target price on shares of First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.50.

First Mid Bancshares Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $707.14 million, a price-to-earnings ratio of 9.34 and a beta of 0.87. The stock’s 50 day simple moving average is $30.86 and its 200-day simple moving average is $30.80.

First Mid Bancshares (NASDAQ:FMBH) last posted its earnings results on Thursday, January 25th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. First Mid Bancshares had a net margin of 17.82% and a return on equity of 10.71%. The firm had revenue of $79.23 million during the quarter, compared to analysts’ expectations of $77.10 million. On average, analysts expect that First Mid Bancshares, Inc. will post 3.28 EPS for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Thursday, February 15th. First Mid Bancshares’s payout ratio is 29.02%.

Institutional Trading of First Mid Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of First Mid Bancshares by 16.0% in the fourth quarter. Vanguard Group Inc. now owns 1,206,784 shares of the bank’s stock worth $41,827,000 after buying an additional 166,209 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of First Mid Bancshares in the fourth quarter worth $25,000. Wellington Management Group LLP increased its position in First Mid Bancshares by 5.9% during the fourth quarter. Wellington Management Group LLP now owns 294,666 shares of the bank’s stock worth $10,213,000 after acquiring an additional 16,388 shares during the period. American International Group Inc. increased its position in First Mid Bancshares by 15.8% during the fourth quarter. American International Group Inc. now owns 11,075 shares of the bank’s stock worth $384,000 after acquiring an additional 1,514 shares during the period. Finally, Barclays PLC increased its position in First Mid Bancshares by 428.6% during the fourth quarter. Barclays PLC now owns 34,684 shares of the bank’s stock worth $1,202,000 after acquiring an additional 28,122 shares during the period. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.