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

Company Overview

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. The firm’s lending portfolio covers home mortgages, residential and commercial real estate financing, business credit lines, equipment lending and agribusiness loans. Additionally, it offers investment advisory, retirement planning and fiduciary services to individuals and institutional clients, supported by digital channels and mobile payment platforms.

First Mid Bancshares serves communities across east-central and southern Illinois, with branch markets that include Bloomington-Normal, Champaign-Urbana, Peoria, Quincy and surrounding areas. Its regional footprint enables it to cater to local agricultural, commercial and municipal clients, leveraging market knowledge and community relationships to support growth and financial well-being.

The bank’s heritage traces back to 1891, while the holding company was established in the early 1980s to facilitate geographic expansion and strategic acquisitions. The organization is led by Chairman and Chief Executive Officer Thomas M. Clifford, who oversees corporate governance, business development and community engagement initiatives.

Key Stats

• Today's Range: $42.77 to $44.39
• 50-Day Range: $38.99 to $43.94
• 52-Week Range: $33.67 to $44.85
• Volume: 111,979 shs
• Average Volume: 87,445 shs
• Market Capitalization: $1.16 billion
• P/E Ratio: 10.98
• Dividend Yield: 2.29%
• Price Target: $49.50
• Consensus Rating: Moderate Buy

First Mid Bancshares Stock Analysis - MarketRank™

First Mid Bancshares scored higher than 83% of companies evaluated by MarketBeat, and ranked 272nd out of 881 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: 3.3 / 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 2.50, and is based on no strong buy ratings, 3 buy ratings, 3 hold ratings, and no sell ratings.

Upside Potential

First Mid Bancshares has a consensus price target of $49.50, representing about 13.5% upside from its current price of $43.60.

Amount of Analyst Coverage

First Mid Bancshares has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.42%

Earnings Growth

Earnings for First Mid Bancshares are expected to grow by 7.42% in the coming year, from $4.58 to $4.92 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Mid Bancshares is 10.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Mid Bancshares is 10.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.98.

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: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.05% 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 2.87, 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 10.75%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

First Mid Bancshares pays a meaningful dividend of 2.29%, 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 25.19%. 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 20.33% next year. This indicates that First Mid Bancshares will be able to sustain or increase its dividend.

News and Social Media

• Score: N/A
• News Sentiment: N/A

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

6.00% 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.

Company Calendar

• Record date for 2/27 Dividend: 2/12/2026
• Ex-Dividend for 2/27 Dividend: 2/12/2026
• Dividend Payable: 2/27/2026
• Last Earnings: 4/29/2026
• Record date for 6/1 Dividend: 5/15/2026
• Ex-Dividend for 6/1 Dividend: 5/15/2026
• Today: 5/25/2026
• Dividend Payable: 6/01/2026
• Next Earnings (Estimated): 7/23/2026
• Fiscal Year End: 12/31/2026

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: 1,170
• Year Founded: N/A

Price Target and Rating

• Average Price Target for First Mid Bancshares: $49.50
• High Price Target: $55.00
• Low Price Target: $47.00
• Potential Upside/Downside: +13.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.97
• Trailing P/E Ratio: 10.98
• Forward P/E Ratio: 9.52
• P/E Growth: N/A
• Net Income: $91.75 million
• Net Margins: 19.95%
• Pretax Margin: 25.55%
• Return on Equity: 10.44%
• Return on Assets: 1.23%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 0.97
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $466.04 million
• Price / Sales: 2.49
• Cash Flow: $4.80 per share
• Price / Cash Flow: 9.08
• Book Value: $40.45 per share
• Price / Book: 1.08

Miscellaneous

• Outstanding Shares: 26,620,000
• Free Float: 25,019,000
• Market Cap: $1.16 billion
• Optionable: Optionable
• Beta: 0.79