First Mid Bancshares (FMBH) to Release Earnings on Thursday

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

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Thursday, October 30th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.27% and a net margin of 18.77%. 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 Up 2.7%

FMBH opened at $40.44 on Thursday. First Mid Bancshares has a 52 week low of $27.58 and a 52 week high of $42.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $39.19 and a two-hundred day moving average price of $38.62. The company has a market cap of $970.56 million, a PE ratio of 11.08 and a beta of 0.90.

First Mid Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. First Mid Bancshares’s dividend payout ratio (DPR) is presently 27.40%.

Analyst Ratings Changes

Several research analysts recently weighed in on FMBH shares. Piper Sandler cut their target price 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. Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.80.

Insiders Place Their Bets

In other First Mid Bancshares news, CEO Clay M. Dean sold 1,099 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were 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 owned 9,624 shares of the company’s stock, valued at $410,848.56. The trade was a 10.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On First Mid Bancshares

Institutional investors have recently modified their holdings of the company. Strs Ohio bought a new position in shares of First Mid Bancshares in the first quarter valued at approximately $42,000. Aquatic Capital Management LLC increased its position in shares of First Mid Bancshares by 272.5% in the third quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,052 shares during the period. Federated Hermes Inc. raised its stake in First Mid Bancshares by 32.0% in the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock worth $64,000 after buying an additional 415 shares in the last quarter. Quantbot Technologies LP increased its position in First Mid Bancshares by 113.0% during the 2nd quarter. Quantbot Technologies LP now owns 2,394 shares of the bank’s stock valued at $90,000 after buying an additional 1,270 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in First Mid Bancshares in the 3rd quarter worth about $128,000. 47.57% of the stock is owned by institutional investors.

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.