First Mid Bancshares, Inc. (NASDAQ:FMBH) Short Interest Update

First Mid Bancshares, Inc. (NASDAQ:FMBHGet Free Report) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 191,500 shares, a decrease of 5.2% from the February 29th total of 202,000 shares. Based on an average daily trading volume, of 56,700 shares, the short-interest ratio is currently 3.4 days.

First Mid Bancshares Stock Down 1.9 %

First Mid Bancshares stock opened at $31.20 on Wednesday. First Mid Bancshares has a 1-year low of $21.77 and a 1-year high of $35.83. The firm has a market capitalization of $745.37 million, a price-to-earnings ratio of 9.84 and a beta of 0.87. The firm’s fifty day moving average price is $31.11 and its two-hundred day moving average price is $30.64. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.

First Mid Bancshares (NASDAQ:FMBHGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.94 earnings per share 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 for the quarter, compared to analyst estimates of $77.10 million. On average, equities research analysts predict that First Mid Bancshares will post 3.28 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders 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 2.95%. The ex-dividend date of this dividend was Thursday, February 15th. First Mid Bancshares’s dividend payout ratio (DPR) is 29.02%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stephens decreased their target price 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 increased their price objective 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.50.

Get Our Latest Analysis on FMBH

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. ICA Group Wealth Management LLC bought a new position in shares of First Mid Bancshares in the fourth quarter valued at $25,000. Lazard Asset Management LLC bought a new position in shares of First Mid Bancshares during the second quarter valued at about $29,000. Qube Research & Technologies Ltd bought a new position in shares of First Mid Bancshares during the third quarter valued at about $31,000. FMR LLC lifted its position in shares of First Mid Bancshares by 131.4% during the first quarter. FMR LLC now owns 1,259 shares of the bank’s stock valued at $34,000 after purchasing an additional 715 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of First Mid Bancshares by 310.0% during the second quarter. US Bancorp DE now owns 1,435 shares of the bank’s stock valued at $35,000 after purchasing an additional 1,085 shares in the last quarter. 47.57% of the stock is owned by institutional investors.

About First Mid Bancshares

(Get Free Report)

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.

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