Keefe, Bruyette & Woods reduce shares of First Mid Bancshares (NASDAQ:FMBH – Free Report) from an outperform score to a market carry out score in a analysis report despatched to buyers on Wednesday, MarketBeat.com experiences. The brokerage at the moment has $42.00 value goal on the financial institution’s inventory.
Individually, Hovde Group began protection on First Mid Bancshares in a report on Wednesday, June twenty sixth. They issued an outperform score and a $35.00 value goal for the corporate. Two analysis analysts have rated the inventory with a maintain score and 4 have issued a purchase score to the corporate. In response to information from MarketBeat.com, the corporate has a mean score of Average Purchase and a consensus goal value of $38.20.
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First Mid Bancshares Worth Efficiency
NASDAQ:FMBH opened at $37.03 on Wednesday. The corporate has a fast ratio of 0.91, a present ratio of 0.91 and a debt-to-equity ratio of 0.48. The agency has a market cap of $884.87 million, a PE ratio of 11.95 and a beta of 0.89. First Mid Bancshares has a 12 month low of $25.73 and a 12 month excessive of $41.02. The corporate’s 50-day transferring common value is $38.64 and its two-hundred day transferring common value is $34.42.
First Mid Bancshares (NASDAQ:FMBH – Get Free Report) final launched its quarterly earnings outcomes on Thursday, August 1st. The financial institution reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. First Mid Bancshares had a return on fairness of 10.43% and a internet margin of 16.75%. The enterprise had income of $79.19 million for the quarter, in comparison with analyst estimates of $78.25 million. On common, equities analysts anticipate that First Mid Bancshares will submit 3.47 EPS for the present fiscal 12 months.
First Mid Bancshares Will increase Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Friday, August thirtieth. Stockholders of file on Friday, August sixteenth got a dividend of $0.24 per share. The ex-dividend date was Friday, August sixteenth. This represents a $0.96 dividend on an annualized foundation and a dividend yield of two.59%. This is a rise from First Mid Bancshares’s earlier quarterly dividend of $0.23. First Mid Bancshares’s payout ratio is presently 30.97%.
Hedge Funds Weigh In On First Mid Bancshares
A number of hedge funds have not too long ago added to or decreased their stakes within the firm. EntryPoint Capital LLC acquired a brand new place in First Mid Bancshares throughout the 1st quarter valued at about $29,000. CWM LLC raised its stake in shares of First Mid Bancshares by 344.2% throughout the second quarter. CWM LLC now owns 884 shares of the financial institution’s inventory price $29,000 after shopping for a further 685 shares over the last quarter. Worth T Rowe Associates Inc. MD acquired a brand new place in First Mid Bancshares within the first quarter valued at roughly $208,000. Choreo LLC lifted its holdings in First Mid Bancshares by 17.9% within the second quarter. Choreo LLC now owns 7,568 shares of the financial institution’s inventory valued at $246,000 after shopping for a further 1,149 shares throughout the interval. Lastly, BNP Paribas Monetary Markets boosted its stake in First Mid Bancshares by 84.7% within the first quarter. BNP Paribas Monetary Markets now owns 10,774 shares of the financial institution’s inventory valued at $352,000 after buying a further 4,941 shares over the last quarter. Institutional buyers personal 47.57% of the corporate’s inventory.
About First Mid Bancshares
First Mid Bancshares, Inc, a monetary holding firm, supplies neighborhood banking services to business, retail, and agricultural prospects in the USA. It accepts numerous deposit merchandise, similar to demand deposits, financial savings accounts, cash market deposits, and time deposits. The corporate’s mortgage merchandise embody business actual property, business and industrial, agricultural and agricultural actual property, residential actual property, and shopper loans, in addition to building and land growth, 1-4 household residential properties, and multifamily residential properties loans; and different loans comprising loans to municipalities to help neighborhood initiatives, similar to infrastructure enhancements or gear purchases.
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