First Mid Bancshares (NASDAQ:FMBH) Sees Strong Trading Volume

First Mid Bancshares, Inc. (NASDAQ:FMBH – Get Rating) saw unusually-high trading volume on Friday . Approximately 25,013 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 28,498 shares.The stock last traded at $27.64 and had previously closed at $27.79.

Wall Street Analysts Forecast Growth

FMBH has been the subject of a number of research reports. Raymond James reduced their price target on shares of 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. StockNews.com initiated coverage on shares of First Mid Bancshares in a research report on Thursday. They issued a “hold” rating for the company. Finally, DA Davidson reissued a “buy” rating on shares of First Mid Bancshares in a research report on Wednesday, December 21st.

First Mid Bancshares Trading Down 4.0 %

The company has a debt-to-equity ratio of 0.77, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $546.94 million, a price-to-earnings ratio of 7.39 and a beta of 0.84. The business’s 50 day simple moving average is $31.14 and its 200 day simple moving average is $32.88.

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

First Mid Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.45%. First Mid Bancshares’s dividend payout ratio is presently 25.48%.

Insider Buying and Selling at First Mid Bancshares

In other news, CEO Bradley L. Beesley sold 1,000 shares of the business’s stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of $32.09, for a total transaction of $32,090.00. Following the transaction, the chief executive officer now directly owns 9,418 shares in the company, valued at $302,223.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of First Mid Bancshares by 311.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the bank’s stock worth $77,000 after acquiring an additional 1,820 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of First Mid Bancshares during the third quarter worth about $116,000. Barclays PLC increased its stake in shares of First Mid Bancshares by 402.4% during the fourth quarter. Barclays PLC now owns 5,004 shares of the bank’s stock worth $160,000 after acquiring an additional 4,008 shares during the period. BNP Paribas Arbitrage SA grew its position in First Mid Bancshares by 16.4% during the second quarter. BNP Paribas Arbitrage SA now owns 5,531 shares of the bank’s stock worth $197,000 after buying an additional 781 shares during the period. Finally, Legal & General Group Plc grew its position in First Mid Bancshares by 28.3% during the second quarter. Legal & General Group Plc now owns 6,112 shares of the bank’s stock worth $218,000 after buying an additional 1,348 shares during the period. 33.57% of the stock is currently owned by institutional investors and hedge funds.

First Mid Bancshares Company Profile

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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.