First Mid Bancshares (FMBH) to Release Earnings on Thursday

First Mid Bancshares (NASDAQ:FMBH) is projected to announce 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 issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $89.27 million for the quarter, compared to analyst estimates of $65.60 million. First Mid Bancshares had a net margin of 18.77% and a return on equity of 10.27%. 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 Trading Up 2.7%

NASDAQ FMBH opened at $40.44 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.93 and a quick ratio of 0.93. First Mid Bancshares has a 1 year low of $27.58 and a 1 year high of $42.85. The company has a fifty day moving average of $39.19 and a 200 day moving average of $38.62. The company has a market capitalization 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 declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, November 14th. First Mid Bancshares’s payout ratio is currently 27.40%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FMBH. Zacks Research downgraded First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of First Mid Bancshares in a report on Monday, December 29th. Finally, Piper Sandler decreased their price target on shares of First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.80.

Insider Transactions at First Mid Bancshares

In related news, CEO Clay M. Dean sold 1,099 shares of the company’s stock in a transaction on 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 directly owned 9,624 shares in the company, valued at approximately $410,848.56. This represents a 10.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 7.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On First Mid Bancshares

Several institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in First Mid Bancshares by 32.0% in the 2nd quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock valued at $64,000 after buying an additional 415 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in First Mid Bancshares by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after purchasing an additional 550 shares in the last quarter. Prudential Financial Inc. raised its position in shares of First Mid Bancshares by 9.4% in the 2nd quarter. Prudential Financial Inc. now owns 11,317 shares of the bank’s stock valued at $424,000 after buying an additional 970 shares in the last quarter. Aquatic Capital Management LLC increased its position in First Mid Bancshares by 272.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock worth $54,000 after purchasing an additional 1,052 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of First Mid Bancshares by 7.6% in the 2nd quarter. First Trust Advisors LP now owns 15,765 shares of the bank’s stock valued at $591,000 after buying an additional 1,116 shares during the last quarter. 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.