Short Interest in First Mid Bancshares, Inc. (NASDAQ:FMBH) Decreases By 15.3%

First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 157,700 shares, a drop of 15.3% from the September 30th total of 186,200 shares. Based on an average trading volume of 62,500 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered First Mid Bancshares from an "outperform" rating to a "market perform" rating and set a $42.00 price target on the stock. in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, First Mid Bancshares presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.20.

First Mid Bancshares Stock Performance

Shares of NASDAQ:FMBH traded down $0.04 on Tuesday, hitting $38.71. The company had a trading volume of 37,653 shares, compared to its average volume of 57,478. The stock has a market cap of $925.01 million, a price-to-earnings ratio of 12.49 and a beta of 0.89. The stock has a 50 day moving average price of $38.86 and a 200 day moving average price of $35.42. First Mid Bancshares has a 1-year low of $26.84 and a 1-year high of $41.02. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.48.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The bank reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.05. The business had revenue of $79.19 million during the quarter, compared to analysts' expectations of $78.25 million. First Mid Bancshares had a return on equity of 10.43% and a net margin of 16.75%. Analysts expect that First Mid Bancshares will post 3.47 EPS for the current year.

Institutional Trading of First Mid Bancshares

A number of institutional investors have recently bought and sold shares of FMBH. Vanguard Group Inc. raised its position in First Mid Bancshares by 7.1% during the first quarter. Vanguard Group Inc. now owns 1,292,218 shares of the bank's stock valued at $42,230,000 after purchasing an additional 85,434 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in First Mid Bancshares by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank's stock worth $25,584,000 after acquiring an additional 36,769 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of First Mid Bancshares by 23.7% in the 2nd quarter. American Century Companies Inc. now owns 340,343 shares of the bank's stock valued at $11,190,000 after purchasing an additional 65,314 shares in the last quarter. Bank of New York Mellon Corp increased its position in First Mid Bancshares by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 118,048 shares of the bank's stock worth $3,881,000 after purchasing an additional 7,849 shares in the last quarter. Finally, Creative Planning lifted its stake in First Mid Bancshares by 2.1% in the 2nd quarter. Creative Planning now owns 106,397 shares of the bank's stock valued at $3,498,000 after purchasing an additional 2,186 shares during the last quarter. Institutional investors own 47.57% of the company's stock.

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.