First Mid Bancshares (FMBH) Projected to Post Quarterly Earnings on Thursday

First Mid Bancshares (NASDAQ:FMBH) is anticipated to release its results before the market opens on Thursday, January 22nd. Analysts expect First Mid Bancshares to post earnings of $1.06 per share and revenue of $67.8580 million for the quarter.

First Mid Bancshares (NASDAQ:FMBH) last announced its earnings results on Thursday, October 30th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. The company had revenue of $89.27 million during the quarter, compared to the consensus estimate of $65.60 million. First Mid Bancshares had a net margin of 18.77% and a return on equity of 10.27%. On average, analysts expect First Mid Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

First Mid Bancshares Stock Performance

Shares of FMBH stock opened at $41.51 on Tuesday. The business’s fifty day simple moving average is $39.47 and its 200-day simple moving average is $38.68. First Mid Bancshares has a 12-month low of $27.58 and a 12-month high of $42.85. The company has a market cap of $996.24 million, a PE ratio of 11.37 and a beta of 0.90. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. First Mid Bancshares’s dividend payout ratio is 27.40%.

Insider Activity at First Mid Bancshares

In other news, CEO Clay M. Dean sold 1,099 shares of First Mid Bancshares stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $42.69, for a total value of $46,916.31. Following the completion of the sale, the chief executive officer directly owned 9,624 shares of the company’s stock, valued at approximately $410,848.56. The trade was a 10.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of First Mid Bancshares in the first quarter worth $42,000. Aquatic Capital Management LLC raised its stake in First Mid Bancshares by 272.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock worth $54,000 after acquiring an additional 1,052 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of First Mid Bancshares by 32.0% in the 2nd quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock valued at $64,000 after purchasing an additional 415 shares during the period. Quantbot Technologies LP grew its position in shares of First Mid Bancshares by 113.0% during the second quarter. Quantbot Technologies LP now owns 2,394 shares of the bank’s stock worth $90,000 after acquiring an additional 1,270 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new position in First Mid Bancshares in the third quarter valued at $128,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research cut shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Piper Sandler lowered their price objective on First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.80.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.