First Mid Bancshares (NASDAQ:FMBH) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of First Mid Bancshares (NASDAQ:FMBH – Get Rating) in a research report released on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

FMBH has been the subject of a number of other reports. 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 reissued a buy rating on shares of First Mid Bancshares in a report on Wednesday, December 21st.

First Mid Bancshares Stock Performance

Shares of FMBH traded down $1.11 during mid-day trading on Thursday, reaching $26.68. The company’s stock had a trading volume of 197,018 shares, compared to its average volume of 40,096. First Mid Bancshares has a 1-year low of $24.91 and a 1-year high of $41.36. The stock has a market cap of $546.94 million, a P/E ratio of 7.39 and a beta of 0.84. The business has a 50-day simple moving average of $31.14 and a two-hundred day simple moving average of $32.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.77.

First Mid Bancshares (NASDAQ:FMBH – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The bank reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. First Mid Bancshares had a return on equity of 12.10% and a net margin of 25.11%. The company had revenue of $63.88 million during the quarter, compared to analysts’ expectations of $67.97 million. As a group, equities research analysts anticipate that First Mid Bancshares will post 3.33 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $0.92 annualized dividend and a yield of 3.45%. First Mid Bancshares’s payout ratio is currently 25.48%.

Insider Buying and Selling

In related news, CEO Bradley L. Beesley sold 1,000 shares of First Mid Bancshares stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $32.09, for a total transaction of $32,090.00. Following the completion of the sale, the chief executive officer now directly owns 9,418 shares of the company’s stock, valued at approximately $302,223.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.60% of the stock is currently owned by insiders.

Institutional Trading of First Mid Bancshares

Several hedge funds have recently added to or reduced their stakes in FMBH. Legal & General Group Plc increased its stake in First Mid Bancshares by 5.2% during the 4th quarter. Legal & General Group Plc now owns 6,974 shares of the bank’s stock worth $224,000 after acquiring an additional 346 shares during the period. SG Americas Securities LLC increased its stake in First Mid Bancshares by 6.4% during the 4th quarter. SG Americas Securities LLC now owns 6,298 shares of the bank’s stock worth $202,000 after acquiring an additional 380 shares during the period. Creative Financial Designs Inc. ADV increased its stake in First Mid Bancshares by 4.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 9,471 shares of the bank’s stock worth $304,000 after acquiring an additional 414 shares during the period. American International Group Inc. increased its stake in First Mid Bancshares by 5.6% during the 2nd quarter. American International Group Inc. now owns 8,723 shares of the bank’s stock worth $311,000 after acquiring an additional 466 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 worth $4,236,000 after acquiring an additional 471 shares during the period. 33.57% of the stock is owned by institutional investors and hedge funds.

About First Mid Bancshares

(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.