First Mid Bancshares, Inc. Expected to Earn Q2 2024 Earnings of $0.80 Per Share (NASDAQ:FMBH)

First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) - Stock analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of First Mid Bancshares in a research report issued to clients and investors on Tuesday, April 30th. DA Davidson analyst J. Rulis forecasts that the bank will earn $0.80 per share for the quarter. The consensus estimate for First Mid Bancshares' current full-year earnings is $3.27 per share. DA Davidson also issued estimates for First Mid Bancshares' FY2025 earnings at $3.50 EPS.

FMBH has been the subject of several other reports. Raymond James increased their target price on First Mid Bancshares from $34.00 to $38.00 and gave the company an "outperform" rating in a report on Monday, January 29th. Stephens dropped their target price on First Mid Bancshares from $40.00 to $38.00 and set an "overweight" rating for the company in a report on Tuesday, January 30th. Finally, Piper Sandler dropped their target price on First Mid Bancshares from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Monday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, First Mid Bancshares currently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

First Mid Bancshares Trading Up 2.1 %

FMBH stock traded up $0.66 during trading on Wednesday, hitting $31.62. 39,751 shares of the company traded hands, compared to its average volume of 54,095. The firm has a market capitalization of $755.40 million, a PE ratio of 10.20 and a beta of 0.87. First Mid Bancshares has a 1 year low of $21.77 and a 1 year high of $35.83. The company has a 50-day moving average of $30.76 and a 200-day moving average of $31.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 0.91.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, May 14th. First Mid Bancshares's payout ratio is presently 29.68%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in shares of First Mid Bancshares by 84.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,774 shares of the bank's stock valued at $352,000 after purchasing an additional 4,941 shares during the period. ICA Group Wealth Management LLC bought a new position in First Mid Bancshares during the 4th quarter valued at approximately $25,000. Wellington Management Group LLP increased its position in First Mid Bancshares by 5.9% during the 4th quarter. Wellington Management Group LLP now owns 294,666 shares of the bank's stock valued at $10,213,000 after buying an additional 16,388 shares in the last quarter. Dimensional Fund Advisors LP increased its position in First Mid Bancshares by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 678,953 shares of the bank's stock valued at $23,533,000 after buying an additional 34,401 shares in the last quarter. Finally, Jump Financial LLC bought a new position in First Mid Bancshares during the 4th quarter valued at approximately $252,000. Hedge funds and other institutional investors own 47.57% of the company's stock.

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.