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

Company Overview

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. It also offers wealth management services, which include estate planning, investment, and farm management and brokerage services for individuals; employee benefit services for businesses; and farm management and brokerage services. In addition, the company provides property and casualty, senior insurance products, and group medical insurance for businesses; and personal lines insurance to individuals. The company was formerly known as First Mid-Illinois Bancshares, Inc. and changed its name to First Mid Bancshares, Inc. in April 2019. First Mid Bancshares, Inc. was founded in 1865 and is headquartered in Mattoon, Illinois.

Key Stats

• Today's Range: $34.91 to $36.15
• 50-Day Range: $31.00 to $37.33
• 52-Week Range: $27.58 to $43.86
• Volume: 51,071 shs
• Average Volume: 61,947 shs
• Market Capitalization: $851.85 million
• P/E Ratio: 10.79
• Dividend Yield: 2.70%
• Price Target: $43.83
• Consensus Rating: Moderate Buy

First Mid Bancshares Stock Analysis - MarketRank™

First Mid Bancshares scored higher than 57% of companies evaluated by MarketBeat, and ranked 604th out of 935 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 3 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 10.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Mid Bancshares is 10.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.64.

Price to Book Value per Share Ratio

First Mid Bancshares has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.90% 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 3.1, 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 increased by 2.59%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

First Mid Bancshares pays a meaningful dividend of 2.75%, 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

0.90% 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 3.1, 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 increased by 2.59%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.11

News Sentiment

First Mid Bancshares has a news sentiment score of 1.11. 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 0.95 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 decreased by 3.6% and is now trading at $35.51.
View the best growth stocks for 2025 here.

How were First Mid Bancshares' earnings last quarter?

First Mid Bancshares, Inc. (NASDAQ:FMBH) announced its quarterly earnings data on Wednesday, April, 30th. The bank reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.02. The bank earned $85.21 million during the quarter, compared to analyst estimates of $58.29 million. First Mid Bancshares had a net margin of 17.39% and a trailing twelve-month return on equity of 10.10%.

Who are First Mid Bancshares' major shareholders?

First Mid Bancshares' top institutional investors include Vanguard Group Inc. (5.40%), American Century Companies Inc. (2.07%), GW&K Investment Management LLC (1.92%) and Wellington Management Group LLP (1.65%). Insiders that own company stock include Clay M Dean, Bradley L Beesley, James Edwin Zimmer, James Kyle Mccurry and Todd J James.
View institutional ownership trends.

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

• Record date for 2/28 Dividend: 2/13/2025
• Ex-Dividend for 2/28 Dividend: 2/13/2025
• Dividend Payable: 2/28/2025
• Last Earnings: 4/30/2025
• Record date for 5/30 Dividend: 5/15/2025
• Ex-Dividend for 5/30 Dividend: 5/15/2025
• Today: 5/29/2025
• Dividend Payable: 5/30/2025
• Next Earnings (Estimated): 8/07/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:FMBH
• CIK: 700565
• Web: www.firstmid.com
• Phone: (217) 234-7454
• Fax: N/A
• Employees: 1,070
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $43.83
• High Stock Price Target: $47.00
• Low Stock Price Target: $40.00
• Potential Upside/Downside: +23.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.36
• Trailing P/E Ratio: 10.79
• Forward P/E Ratio: 9.84
• P/E Growth: N/A
• Net Income: $78.90 million
• Net Margins: 17.39%
• Pretax Margin: 22.42%
• Return on Equity: 10.10%
• Return on Assets: 1.09%

Debt

• Debt-to-Equity Ratio: 0.41
• Current Ratio: 0.91
• Quick Ratio: 0.91

Sales & Book Value

• Annual Sales: $322.32 million
• Price / Sales: 2.64
• Cash Flow: $3.55 per share
• Price / Cash Flow: 10.01
• Book Value: $33.27 per share
• Price / Book: 1.07

Miscellaneous

• Outstanding Shares: 23,989,000
• Free Float: 22,071,000
• Market Cap: $851.85 million
• Optionable: Optionable
• Beta: 0.84