First Mid Bancshares (FMBH) Expected to Announce Earnings on Wednesday

First Mid Bancshares (NASDAQ:FMBH) is anticipated to release its results before the market opens on Wednesday, April 29th. Analysts expect First Mid Bancshares to post earnings of $1.08 per share and revenue of $96.85 million for the quarter.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $90.14 million during the quarter, compared to analysts’ expectations of $67.86 million. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.44%. On average, analysts expect First Mid Bancshares to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First Mid Bancshares Price Performance

Shares of NASDAQ FMBH opened at $43.07 on Monday. The stock has a market cap of $1.15 billion, a P/E ratio of 11.22 and a beta of 0.82. The firm has a 50 day moving average price of $41.73 and a 200 day moving average price of $40.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.96. First Mid Bancshares has a 52-week low of $32.62 and a 52-week high of $44.85.

First Mid Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. First Mid Bancshares’s payout ratio is currently 26.04%.

Insider Activity at First Mid Bancshares

In other First Mid Bancshares news, EVP Bradley L. Beesley sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $44.00, for a total transaction of $264,000.00. Following the sale, the executive vice president directly owned 12,378 shares of the company’s stock, valued at approximately $544,632. This represents a 32.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.00% of the stock is currently owned by corporate insiders.

Institutional Trading of First Mid Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMBH. AQR Capital Management LLC raised its position in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in First Mid Bancshares by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after acquiring an additional 550 shares in the last quarter. Jones Financial Companies Lllp raised its position in First Mid Bancshares by 1,662.9% during the first quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock worth $148,000 after acquiring an additional 3,991 shares in the last quarter. Empowered Funds LLC raised its position in First Mid Bancshares by 31.5% during the first quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock worth $2,517,000 after acquiring an additional 17,266 shares in the last quarter. Finally, Jane Street Group LLC raised its position in First Mid Bancshares by 494.1% during the first quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock worth $1,143,000 after acquiring an additional 27,242 shares in the last quarter. 47.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FMBH. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Monday, December 29th. DA Davidson lifted their price target on shares of First Mid Bancshares from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Zacks Research lowered shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.75.

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.