First Mid Bancshares (NASDAQ:FMBH) Hits New 1-Year Low - Should You Sell?

First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as $27.58 and last traded at $29.33, with a volume of 28676 shares trading hands. The stock had previously closed at $31.53.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FMBH. Stephens reiterated an "equal weight" rating and set a $43.00 target price on shares of First Mid Bancshares in a report on Friday, January 24th. Hovde Group reduced their price objective on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $45.00.

First Mid Bancshares Trading Down 0.4 %

The business's 50-day moving average is $35.92 and its two-hundred day moving average is $37.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $743.92 million, a P/E ratio of 9.43 and a beta of 0.85.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. As a group, analysts predict that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Thursday, February 13th. First Mid Bancshares's dividend payout ratio (DPR) is presently 29.18%.

Institutional Investors Weigh In On First Mid Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of FMBH. Sterling Capital Management LLC increased its position in First Mid Bancshares by 804.9% during the fourth quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock worth $27,000 after buying an additional 652 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of First Mid Bancshares by 1,226.4% during the 4th quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock worth $35,000 after acquiring an additional 883 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of First Mid Bancshares during the 4th quarter worth approximately $65,000. Tower Research Capital LLC TRC increased its holdings in shares of First Mid Bancshares by 16.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank's stock worth $72,000 after acquiring an additional 276 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in First Mid Bancshares during the 4th quarter valued at $76,000. 47.57% of the stock is owned by institutional investors.

About First Mid Bancshares

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.