First Mid Bancshares, Inc. (NASDAQ:FMBH) Plans Quarterly Dividend of $0.25

First Mid Bancshares, Inc. (NASDAQ:FMBH) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Thursday, February 12th will be given a dividend of 0.25 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, February 12th.

First Mid Bancshares has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. First Mid Bancshares has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Mid Bancshares to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.3%.

First Mid Bancshares Trading Down 1.5%

FMBH traded down $0.61 during trading on Thursday, hitting $41.45. 153,700 shares of the stock traded hands, compared to its average volume of 95,195. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $994.80 million, a P/E ratio of 11.10 and a beta of 0.90. First Mid Bancshares has a 12-month low of $27.58 and a 12-month high of $44.32. The firm has a 50-day moving average of $40.27 and a 200 day moving average of $38.83.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Thursday, January 29th. The bank reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. First Mid Bancshares had a return on equity of 10.27% and a net margin of 18.77%.The business had revenue of $90.14 million during the quarter, compared to analyst estimates of $67.86 million. Equities research analysts anticipate that First Mid Bancshares will post 3.61 EPS for the current year.

Insider Activity at First Mid Bancshares

In related news, CEO Clay M. Dean sold 1,099 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $42.69, for a total value of $46,916.31. Following the transaction, the chief executive officer owned 9,624 shares of the company’s stock, valued at approximately $410,848.56. This trade represents a 10.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 7.70% of the stock is owned by insiders.

Institutional Trading of First Mid Bancshares

Hedge funds have recently bought and sold shares of the stock. Cozad Asset Management Inc. purchased a new position in First Mid Bancshares in the 2nd quarter worth approximately $3,842,000. AQR Capital Management LLC boosted its position in shares of First Mid Bancshares by 256.9% during the first quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after acquiring an additional 76,050 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in First Mid Bancshares by 609.7% during the second quarter. Valeo Financial Advisors LLC now owns 86,292 shares of the bank’s stock valued at $3,235,000 after acquiring an additional 74,133 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in First Mid Bancshares by 63.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 161,024 shares of the bank’s stock valued at $6,100,000 after acquiring an additional 62,404 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in First Mid Bancshares by 421.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 71,260 shares of the bank’s stock valued at $2,699,000 after acquiring an additional 57,600 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

About First Mid Bancshares

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.