FY2024 EPS Estimates for First Mid Bancshares, Inc. Decreased by DA Davidson (NASDAQ:FMBH)

First Mid Bancshares, Inc. (NASDAQ:FMBH) – Equities researchers at DA Davidson reduced their FY2024 earnings estimates for shares of First Mid Bancshares in a research note issued on Tuesday, April 30th. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $3.35 per share for the year, down from their previous estimate of $3.65. The consensus estimate for First Mid Bancshares’ current full-year earnings is $3.29 per share.

Other equities research analysts have also recently issued reports about the company. Raymond James raised their target price on First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Stephens lowered their price target on First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. Finally, Piper Sandler reduced their price objective on First Mid Bancshares from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, First Mid Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

First Mid Bancshares Trading Up 2.1 %

Shares of First Mid Bancshares stock opened at $32.29 on Thursday. The firm has a fifty day moving average price of $30.78 and a 200 day moving average price of $31.21. The stock has a market cap of $771.41 million, a PE ratio of 10.42 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. First Mid Bancshares has a 1 year low of $21.77 and a 1 year high of $35.83.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. ICA Group Wealth Management LLC purchased a new stake in shares of First Mid Bancshares during the fourth quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of First Mid Bancshares by 48.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,370 shares of the bank’s stock valued at $186,000 after purchasing an additional 1,743 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in First Mid Bancshares in the fourth quarter valued at about $208,000. Arizona State Retirement System purchased a new stake in First Mid Bancshares in the 4th quarter valued at approximately $208,000. Finally, Choreo LLC purchased a new stake in shares of First Mid Bancshares in the fourth quarter valued at approximately $222,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Tuesday, May 14th. First Mid Bancshares’s payout ratio is presently 29.68%.

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.