First Mid Bancshares (FMBH) Stock Price, News & Analysis

Company Overview

First Mid Bancshares, Inc. is the bank holding company for First Mid Bank & Trust, a community-oriented financial institution offering a broad range of banking and financial services. Its core business activities include deposit-taking, commercial and consumer lending, agricultural financing, treasury and cash management solutions, and wealth management services. The company serves individuals, small- and mid-sized businesses, agricultural producers, and nonprofit organizations through both branch networks and digital channels.

First Mid Bancshares traces its origins to several locally chartered banks founded in central Illinois during the late 19th and early 20th centuries. In the early 1980s, these institutions consolidated under a single holding company structure to streamline operations and support growth. Since that time, First Mid Bancshares has grown organically and through strategic acquisitions, expanding its product offerings while maintaining a focus on personalized customer service and local decision-making.

Headquartered in Mattoon, Illinois, First Mid Bancshares operates branches across central and southern Illinois, extending into select counties of Indiana. This regional footprint enables the company to support diverse local economies, ranging from agriculture and manufacturing to professional services and retail. In addition to its physical branches, the company’s digital banking platform provides online and mobile banking solutions, enabling customers to access accounts, initiate payments, and manage cash flow remotely.

The company is governed by an independent board of directors and managed by a team of experienced banking professionals with deep ties to the communities it serves. Emphasizing prudent risk management and strong customer relationships, the leadership team focuses on delivering tailored financial solutions that align with the needs of its clients. First Mid Bancshares continues to reinvest in its markets through community involvement and support for local economic development initiatives.

Key Stats

• Today's Range: $38.07 to $39.51
• 50-Day Range: $34.95 to $39.69
• 52-Week Range: $27.58 to $43.86
• Volume: 87,500 shs
• Average Volume: 63,879 shs
• Market Capitalization: $913.78 million
• P/E Ratio: 11.34
• Dividend Yield: 2.52%
• Price Target: $43.83
• Consensus Rating: Moderate Buy

First Mid Bancshares Stock Analysis - MarketRank™

First Mid Bancshares scored higher than 71% of companies evaluated by MarketBeat, and ranked 452nd out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

First Mid Bancshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

First Mid Bancshares has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.26%

Earnings Growth

Earnings for First Mid Bancshares are expected to grow by 5.26% in the coming year, from $3.61 to $3.80 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Mid Bancshares is 11.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.59.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Mid Bancshares is 11.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.99.

Price to Book Value per Share Ratio

First Mid Bancshares has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.87% of the float of First Mid Bancshares has been sold short.

Short Interest Ratio / Days to Cover

First Mid Bancshares has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Mid Bancshares has recently decreased by 9.28%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

First Mid Bancshares pays a meaningful dividend of 2.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

First Mid Bancshares has only been increasing its dividend for 3 years.

Dividend Coverage

The dividend payout ratio of First Mid Bancshares is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, First Mid Bancshares will have a dividend payout ratio of 25.26% next year. This indicates that First Mid Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.87% of the float of First Mid Bancshares has been sold short.

Short Interest Ratio / Days to Cover

First Mid Bancshares has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Mid Bancshares has recently decreased by 9.28%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.54

News Sentiment

First Mid Bancshares has a news sentiment score of 1.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.93 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for First Mid Bancshares this week, compared to 2 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First Mid Bancshares insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.20% of the stock of First Mid Bancshares is held by insiders.

Percentage Held by Institutions

47.57% of the stock of First Mid Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FMBH Stock Analysis - Frequently Asked Questions

How have FMBH shares performed this year?

First Mid Bancshares' stock was trading at $36.82 on January 1st, 2025. Since then, FMBH shares have increased by 3.4% and is now trading at $38.09.

How were First Mid Bancshares' earnings last quarter?

First Mid Bancshares, Inc. (NASDAQ:FMBH) announced its quarterly earnings results on Wednesday, April, 30th. The bank reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.02. The bank earned $85.21 million during the quarter, compared to analysts' expectations of $58.29 million. First Mid Bancshares had a net margin of 17.75% and a trailing twelve-month return on equity of 9.90%.

How do I buy shares of First Mid Bancshares?

Shares of FMBH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of First Mid Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Mid Bancshares investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 4/30/2025
• Record date for 5/30 Dividend: 5/15/2025
• Ex-Dividend for 5/30 Dividend: 5/15/2025
• Dividend Payable: 5/30/2025
• Today: 7/15/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:FMBH
• CIK: 700565
• Web: www.firstmid.com
• Phone: (217) 234-7454
• Fax: N/A
• Employees: 1,198
• Year Founded: N/A

Price Target and Rating

• Average Price Target for First Mid Bancshares: $43.83
• High Price Target: $47.00
• Low Price Target: $40.00
• Potential Upside/Downside: +15.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.36
• Trailing P/E Ratio: 11.34
• Forward P/E Ratio: 10.55
• P/E Growth: N/A
• Net Income: $78.90 million
• Net Margins: 17.75%
• Pretax Margin: 23.26%
• Return on Equity: 9.90%
• Return on Assets: 1.11%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 0.94
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $322.32 million
• Price / Sales: 2.83
• Cash Flow: $4.26 per share
• Price / Cash Flow: 8.95
• Book Value: $35.40 per share
• Price / Book: 1.08

Miscellaneous

• Outstanding Shares: 23,989,000
• Free Float: 22,742,000
• Market Cap: $913.74 million
• Optionable: Optionable
• Beta: 0.87