First Mid Bancshares (NASDAQ:FMBH) Issues Earnings Results

First Mid Bancshares (NASDAQ:FMBHGet Rating) issued its quarterly earnings data on Wednesday. The bank reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07, MarketWatch Earnings reports. First Mid Bancshares had a net margin of 24.32% and a return on equity of 11.70%.

Shares of NASDAQ FMBH traded down $1.63 during midday trading on Friday, reaching $36.04. The company’s stock had a trading volume of 36,612 shares, compared to its average volume of 31,839. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $39.00 and a 200-day simple moving average of $41.38. First Mid Bancshares has a fifty-two week low of $35.96 and a fifty-two week high of $45.84. The stock has a market capitalization of $736.66 million, a price-to-earnings ratio of 10.36 and a beta of 0.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, May 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. First Mid Bancshares’s dividend payout ratio (DPR) is presently 25.29%.

Several research analysts have recently issued reports on FMBH shares. StockNews.com started coverage on shares of First Mid Bancshares in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of First Mid Bancshares from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Tuesday, April 5th.

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in First Mid Bancshares by 61.9% in the 3rd quarter. Royal Bank of Canada now owns 1,844 shares of the bank’s stock worth $76,000 after acquiring an additional 705 shares during the last quarter. Morgan Stanley grew its holdings in First Mid Bancshares by 12.7% during the 2nd quarter. Morgan Stanley now owns 3,786 shares of the bank’s stock valued at $153,000 after buying an additional 426 shares in the last quarter. Citigroup Inc. grew its holdings in shares of First Mid Bancshares by 107.3% during the fourth quarter. Citigroup Inc. now owns 4,447 shares of the bank’s stock worth $190,000 after purchasing an additional 2,302 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of First Mid Bancshares by 96.6% during the third quarter. BNP Paribas Arbitrage SA now owns 4,574 shares of the bank’s stock worth $188,000 after purchasing an additional 2,247 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of First Mid Bancshares by 13.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,316 shares of the bank’s stock worth $356,000 after purchasing an additional 971 shares in the last quarter. Institutional investors and hedge funds own 35.55% of the company’s stock.

First Mid Bancshares Company Profile (Get Rating)

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; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.

See Also

Earnings History for First Mid Bancshares (NASDAQ:FMBH)

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