First Mid Bancshares (NASDAQ:FMBH) Issues Quarterly Earnings Results

First Mid Bancshares (NASDAQ:FMBH) issued its quarterly earnings results on Thursday. The bank reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05, Zacks reports. First Mid Bancshares had a net margin of 17.32% and a return on equity of 10.38%.

First Mid Bancshares Price Performance

Shares of NASDAQ:FMBH opened at $36.60 on Thursday. The firm has a market cap of $875.11 million, a price-to-earnings ratio of 11.26 and a beta of 0.93. The firm has a fifty day moving average price of $39.08 and a 200 day moving average price of $38.68. First Mid Bancshares has a fifty-two week low of $28.86 and a fifty-two week high of $43.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 29.54%.

Insider Buying and Selling at First Mid Bancshares

In other news, Director James Edwin Zimmer bought 1,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $39.87 per share, for a total transaction of $39,870.00. Following the transaction, the director now owns 4,050 shares of the company’s stock, valued at $161,473.50. The trade was a 32.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on FMBH shares. Piper Sandler upped their price target on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. DA Davidson lowered shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and increased their target price for the stock from $44.00 to $47.00 in a report on Tuesday, November 12th. Keefe, Bruyette & Woods lifted their price target on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens cut shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

First Mid Bancshares Company Profile

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, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.