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

First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) - Research analysts at DA Davidson lowered their FY2024 earnings estimates for shares of First Mid Bancshares in a report released on Tuesday, April 30th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $3.35 for the year, down from their prior estimate of $3.65. The consensus estimate for First Mid Bancshares' current full-year earnings is $3.29 per share.

A number of other equities research analysts have also weighed in on the stock. Raymond James raised their price target on shares of First Mid Bancshares from $34.00 to $38.00 and gave the company an "outperform" rating in a report on Monday, January 29th. Piper Sandler lowered their price target on shares of First Mid Bancshares from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Monday. Finally, Stephens lowered their price target on shares of First Mid Bancshares from $40.00 to $38.00 and set an "overweight" rating for the company in a report on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

First Mid Bancshares Trading Up 2.1 %

Shares of FMBH stock traded up $0.67 during mid-day trading on Thursday, reaching $32.29. The company's stock had a trading volume of 40,489 shares, compared to its average volume of 53,934. The company's 50 day simple moving average is $30.78 and its 200-day simple moving average is $31.21. First Mid Bancshares has a 12-month low of $21.77 and a 12-month high of $35.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $771.41 million, a PE ratio of 10.28 and a beta of 0.87.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, May 14th. First Mid Bancshares's dividend payout ratio is currently 29.68%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ballentine Partners LLC acquired a new position in shares of First Mid Bancshares in the 4th quarter valued at about $65,151,000. Vanguard Group Inc. boosted its holdings in shares of First Mid Bancshares by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,040,575 shares of the bank's stock valued at $27,638,000 after buying an additional 58,456 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of First Mid Bancshares by 5.3% in 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 during the period. Endeavour Capital Advisors Inc. acquired a new position in shares of First Mid Bancshares in the 3rd quarter valued at about $10,895,000. Finally, Wellington Management Group LLP boosted its holdings in shares of First Mid Bancshares by 5.9% in 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 during the period. 47.57% of the stock is owned by institutional investors and hedge funds.

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.