First Mid Bancshares, Inc. (NASDAQ:FMBH – Get Free Report) was the target of a significant drop in short interest during the month of 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 currently 2.5 days.
First Mid Bancshares Trading Up 1.0 %
NASDAQ FMBH opened at $39.08 on Thursday. The firm has a market capitalization of $933.86 million, a price-to-earnings ratio of 12.61 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91. First Mid Bancshares has a one year low of $27.02 and a one year high of $41.02. The company’s 50 day moving average price is $38.88 and its 200 day moving average price is $35.45.
First Mid Bancshares (NASDAQ:FMBH – Get Free Report) last posted its earnings results on Thursday, August 1st. The bank reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.05. First Mid Bancshares had a net margin of 16.75% and a return on equity of 10.43%. The business had revenue of $79.19 million for the quarter, compared to analyst estimates of $78.25 million. On average, sell-side analysts predict that First Mid Bancshares will post 3.47 EPS for the current year.
Institutional Investors Weigh In On First Mid Bancshares
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods lowered shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, First Mid Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $38.20.
Get Our Latest Stock Analysis on First Mid Bancshares
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.
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