First Mid Bancshares (NASDAQ:FMBH) Issues Earnings Results, Beats Expectations By $0.11 EPS

Key Points

• Beat on earnings: First Mid reported EPS of $1.14 vs. consensus $1.03 (beat by $0.11) and revenue of $98.54M vs. $96.85M, with a return on equity of 10.44% and a net margin of 19.69%.
• Market and valuation snapshot: shares opened down 1.8% at $43, trade at a P/E of 11.2 with a market cap of about $1.14B and a 12‑month range of $32.62–$44.85.
• Analyst and insider activity: the consensus rating is a Moderate Buy (avg target $43.75) amid mixed analyst moves, an EVP sold 6,000 shares, and institutional ownership is roughly 47.6% after several funds increased stakes.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.11, FiscalAI reports. The firm had revenue of $98.54 million during the quarter, compared to analyst estimates of $96.85 million. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.69%.

First Mid Bancshares Stock Down 1.8%

NASDAQ:FMBH opened at $43.00 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.03. First Mid Bancshares has a 12-month low of $32.62 and a 12-month high of $44.85. The stock's fifty day simple moving average is $41.72 and its 200-day simple moving average is $40.36. The firm has a market capitalization of $1.14 billion, a P/E ratio of 11.20 and a beta of 0.82.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zacks Research lowered shares of First Mid Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 5th. DA Davidson boosted their price target on shares of First Mid Bancshares from $45.00 to $46.00 and gave the stock a "neutral" rating in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, First Mid Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $43.75.

Insider Buying and Selling

In related news, EVP Bradley L. Beesley sold 6,000 shares of the company's stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $44.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president owned 12,378 shares in the company, valued at approximately $544,632. This represents a 32.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 6.00% of the company's stock.

Hedge Funds Weigh In On First Mid Bancshares

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of First Mid Bancshares by 256.9% in the 1st quarter. AQR Capital Management LLC now owns 105,648 shares of the bank's stock valued at $3,687,000 after acquiring an additional 76,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in First Mid Bancshares by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank's stock valued at $473,000 after purchasing an additional 550 shares during the period. Jones Financial Companies Lllp grew its holdings in First Mid Bancshares by 1,662.9% during the first quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank's stock valued at $148,000 after purchasing an additional 3,991 shares during the period. Empowered Funds LLC increased its stake in First Mid Bancshares by 31.5% in the first quarter. Empowered Funds LLC now owns 72,134 shares of the bank's stock valued at $2,517,000 after purchasing an additional 17,266 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in First Mid Bancshares by 494.1% in the first quarter. Jane Street Group LLC now owns 32,755 shares of the bank's stock valued at $1,143,000 after purchasing an additional 27,242 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

First Mid Bancshares Company Profile

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.