First Mid Bancshares (FMBH) to Release Quarterly Earnings on Thursday

First Mid Bancshares (NASDAQ:FMBH) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.82 per share and revenue of $58,980.00 billion for the quarter.

First Mid Bancshares Stock Up 0.9 %

Shares of FMBH opened at $37.03 on Wednesday. First Mid Bancshares has a fifty-two week low of $28.86 and a fifty-two week high of $43.86. The company’s fifty day moving average is $39.19 and its two-hundred day moving average is $38.69. The firm has a market cap of $885.39 million, a PE ratio of 11.39 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio (DPR) is currently 29.54%.

Insider Activity

In other First Mid Bancshares news, Director James Edwin Zimmer acquired 1,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $39.87 per share, for a total transaction of $39,870.00. Following the acquisition, the director now directly owns 4,050 shares of the company’s stock, valued at $161,473.50. This trade represents a 32.79 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FMBH has been the subject of a number of research reports. Piper Sandler boosted their price target on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Stephens cut First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. DA Davidson lowered shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their price target for the company from $44.00 to $47.00 in a report on Tuesday, November 12th. Finally, 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 research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.50.

About First Mid Bancshares

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.