First Mid Bancshares (NASDAQ:FMBH) Reaches New 52-Week Low at $33.32

First Mid Bancshares, Inc. (NASDAQ:FMBHGet Rating) shares hit a new 52-week low during trading on Friday . The company traded as low as $33.32 and last traded at $33.32, with a volume of 160 shares changing hands. The stock had previously closed at $34.13.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FMBH. StockNews.com lowered First Mid Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Stephens raised their target price on First Mid Bancshares to $44.00 in a research report on Tuesday, August 23rd. Finally, Raymond James raised First Mid Bancshares from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Thursday, July 7th.

First Mid Bancshares Stock Performance

The company has a 50-day moving average price of $36.57 and a two-hundred day moving average price of $37.17. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $686.10 million, a P/E ratio of 9.33 and a beta of 0.85.

First Mid Bancshares (NASDAQ:FMBHGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). First Mid Bancshares had a return on equity of 11.58% and a net margin of 25.93%. The business had revenue of $65.39 million during the quarter, compared to the consensus estimate of $65.63 million. On average, equities analysts forecast that First Mid Bancshares, Inc. will post 3.74 earnings per share for the current year.

First Mid Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were given a $0.23 dividend. The ex-dividend date was Wednesday, August 17th. This is a positive change from First Mid Bancshares’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. First Mid Bancshares’s dividend payout ratio (DPR) is 25.14%.

Institutional Trading of First Mid Bancshares

Large investors have recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of First Mid Bancshares by 6.3% in the 1st quarter. American Century Companies Inc. now owns 433,730 shares of the bank’s stock valued at $16,694,000 after buying an additional 25,867 shares during the period. Kennedy Capital Management Inc. grew its stake in shares of First Mid Bancshares by 3.4% in the 4th quarter. Kennedy Capital Management Inc. now owns 250,590 shares of the bank’s stock valued at $10,723,000 after buying an additional 8,293 shares during the period. Victory Capital Management Inc. grew its stake in shares of First Mid Bancshares by 6.3% in the 1st quarter. Victory Capital Management Inc. now owns 42,350 shares of the bank’s stock valued at $1,630,000 after buying an additional 2,500 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in shares of First Mid Bancshares in the 1st quarter valued at about $902,000. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of First Mid Bancshares by 10.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 3,833 shares of the bank’s stock valued at $148,000 after buying an additional 359 shares during the period. 34.40% of the stock is currently owned by institutional investors and hedge funds.

First Mid Bancshares Company Profile

(Get Rating)

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; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.

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