First Mid Bancshares (NASDAQ:FMBH) Sees Unusually-High Trading Volume - What's Next?

First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) saw unusually-high trading volume on Friday . Approximately 46,607 shares changed hands during trading, a decline of 17% from the previous session's volume of 55,934 shares.The stock last traded at $35.08 and had previously closed at $35.24.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on First Mid Bancshares from $42.00 to $45.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Hovde Group lowered their target price on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Finally, Stephens restated an "equal weight" rating and set a $43.00 price target on shares of First Mid Bancshares in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, First Mid Bancshares currently has an average rating of "Hold" and a consensus target price of $45.00.

First Mid Bancshares Stock Performance

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 company has a market cap of $849.92 million, a PE ratio of 10.77 and a beta of 0.88. The business has a fifty day simple moving average of $37.24 and a two-hundred day simple moving average of $38.51.

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

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, February 13th. First Mid Bancshares's dividend payout ratio is currently 29.18%.

Institutional Inflows and Outflows

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

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.