First Mid Bancshares, Inc. (NASDAQ:FMBH) Short Interest Update

First Mid Bancshares, Inc. (NASDAQ:FMBH) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 141,900 shares, a growth of 19.8% from the March 15th total of 118,400 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 63,900 shares, the short-interest ratio is presently 2.2 days.

Institutional Trading of First Mid Bancshares

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in shares of First Mid Bancshares by 16.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank’s stock worth $72,000 after purchasing an additional 276 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in First Mid Bancshares by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,016 shares of the bank’s stock valued at $479,000 after buying an additional 458 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of First Mid Bancshares by 6.6% during the fourth quarter. Two Sigma Advisers LP now owns 8,100 shares of the bank’s stock valued at $298,000 after acquiring an additional 500 shares during the period. Sterling Capital Management LLC grew its position in shares of 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 acquiring an additional 652 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of First Mid Bancshares by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 13,737 shares of the bank’s stock worth $506,000 after acquiring an additional 776 shares during the period. Institutional investors own 47.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented 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 target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.00.

First Mid Bancshares Stock Down 1.6 %

Shares of FMBH stock traded down $0.51 during mid-day trading on Monday, reaching $31.81. 13,472 shares of the company were exchanged, compared to its average volume of 60,421. The company has a market capitalization of $762.87 million, a P/E ratio of 9.67 and a beta of 0.85. The business’s 50 day simple moving average is $35.24 and its 200 day simple moving average is $37.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. First Mid Bancshares has a fifty-two week low of $27.58 and a fifty-two week high of $43.86.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. Research analysts predict that First Mid Bancshares will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, February 13th. First Mid Bancshares’s dividend payout ratio is presently 29.18%.

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.