NASDAQ:FMBH

First Mid Bancshares - FMBH Stock Forecast, Price & News

$39.52

+0.46 (+1.18%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $39.15
▼
$39.60
50-Day Range: $35.41
▼
$39.52
52-Week Range: $35.05
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$45.84

Volume: 23,315 shs
Average Volume: 36,678 shs
Market Capitalization: $808.38 million

P/E Ratio: 10.80
Dividend Yield: 2.25%
Price Target: $45.00

First Mid Bancshares MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 13.9% Upside
$45.00 Price Target
Short Interest: Healthy
1.86% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.25
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$19,237 Bought Last Quarter
Proj. Earnings Growth: 8.42%
From $3.80 to $4.12 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Finance Sector

224th out of 924 stocks

State Commercial Banks Industry

47th out of 192 stocks

2.5

Analyst's Opinion

Consensus Rating
First Mid Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.00, First Mid Bancshares has a forecasted upside of 13.9% from its current price of $39.52.
Amount of Analyst Coverage
First Mid Bancshares has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.86% 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 5.5.
Change versus previous month
Short interest in First Mid Bancshares has recently decreased by 5.09%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
First Mid Bancshares pays a meaningful dividend of 2.25%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Mid Bancshares has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of First Mid Bancshares is 24.04%. 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 21.36% next year. This indicates that First Mid Bancshares will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FMBH.

3.5

News and Social Media Coverage

News Sentiment
First Mid Bancshares has a news sentiment score of 1.25. 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 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for First Mid Bancshares this week, compared to 0 articles on an average week.
MarketBeat Follows
2 people have added First Mid Bancshares to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Mid Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $19,237.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 9.60% of the stock of First Mid Bancshares is held by insiders.
Percentage Held by Institutions
Only 31.35% of the stock of First Mid Bancshares is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for First Mid Bancshares are expected to grow by 8.42% in the coming year, from $3.80 to $4.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Mid Bancshares is 10.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Mid Bancshares is 10.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 150.47.
Price to Book Value per Share Ratio
First Mid Bancshares has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First Mid Bancshares (NASDAQ:FMBH) Stock

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; 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; and employee benefit services for business enterprises. In addition, the company provides property and casualty, senior insurance products, and group medical insurance for businesses; and personal lines insurance to individuals. It operates through a network of 52 banking centers in Illinois and 14 offices in Missouri, as well as a loan production office in Indiana. 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.

First Mid Bancshares Price Performance

First Mid Bancshares stock opened at $39.06 on Tuesday. The business has a 50 day simple moving average of $36.89 and a 200 day simple moving average of $38.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. First Mid Bancshares has a one year low of $35.05 and a one year high of $45.84. The company has a market capitalization of $798.78 million, a PE ratio of 10.67 and a beta of 0.85.

First Mid Bancshares (NASDAQ:FMBH - Get Rating) last posted its earnings results on Thursday, July 28th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.01). First Mid Bancshares had a net margin of 25.93% and a return on equity of 11.58%. The business had revenue of $65.39 million during the quarter, compared to analyst estimates of $65.63 million. On average, sell-side analysts forecast that First Mid Bancshares will post 3.8 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This is a boost from First Mid Bancshares's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.36%. First Mid Bancshares's dividend payout ratio is presently 24.04%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com lowered First Mid Bancshares from a "buy" rating to a "hold" rating in a research report on Tuesday, July 5th. Raymond James upgraded First Mid Bancshares from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research report on Thursday, July 7th.

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FMBH Stock News Headlines

August 15, 2022 | americanbankingnews.com

First Mid Bancshares, Inc. (FMBH) to Issue Quarterly Dividend of $0.23 on September 1st

August 13, 2022 | finance.yahoo.com

First Mid Bancshares (NASDAQ:FMBH) Could Be A Buy For Its Upcoming Dividend

August 5, 2022 | americanbankingnews.com

First Mid Bancshares, Inc. (NASDAQ:FMBH) Expected to Earn Q3 2022 Earnings of $0.89 Per Share

July 31, 2022 | finance.yahoo.com

First Mid Bancshares (NASDAQ:FMBH) Is Increasing Its Dividend To $0.23

July 28, 2022 | finance.yahoo.com

First Mid Bancshares, Inc. Announces Second Quarter 2022 Results

July 15, 2022 | finance.yahoo.com

Investors in First Mid Bancshares (NASDAQ:FMBH) have unfortunately lost 9.4% over the last year

May 12, 2022 | finance.yahoo.com

Why You Might Be Interested In First Mid Bancshares, Inc. (NASDAQ:FMBH) For Its Upcoming Dividend

April 27, 2022 | finance.yahoo.com

First Mid Bancshares, Inc. Announces First Quarter 2022 Results

April 26, 2022 | finance.yahoo.com

Bears are Losing Control Over First Mid-Illinois (FMBH), Here's Why It's a 'Buy' Now

April 25, 2022 | finance.yahoo.com

NBT Bancorp (NBTB) Q1 Earnings and Revenues Beat Estimates

April 21, 2022 | finance.yahoo.com

S&T Bancorp (STBA) Surpasses Q1 Earnings and Revenue Estimates

April 11, 2022 | finance.yahoo.com

Down 8.6% in 4 Weeks, Here's Why First Mid-Illinois (FMBH) Looks Ripe for a Turnaround

February 14, 2022 | bizjournals.com

First Mid Bancshares completes merger with Jefferson Bank's parent

February 14, 2022 | finance.yahoo.com

First Mid Bancshares, Inc. Completes Acquisition of Delta Bancshares Company

February 8, 2022 | seekingalpha.com

First Mid Bancshares goes ex-dividend tomorrow

February 1, 2022 | finance.yahoo.com

Here's Why I Think First Mid Bancshares (NASDAQ:FMBH) Might Deserve Your Attention Today

January 27, 2022 | benzinga.com

Recap: First Mid Bancshares Q4 Earnings

January 27, 2022 | seekingalpha.com

First Mid Bancshares Non-GAAP EPS of $0.94 misses by $0.01, revenue of $60.87M

January 27, 2022 | finance.yahoo.com

First Mid Bancshares, Inc. Announces Fourth Quarter and Full Year 2021 Results

January 27, 2022 | finance.yahoo.com

First Mid-Illinois Bancshares (FMBH) Q4 Earnings and Revenues Miss Estimates

January 11, 2022 | bizjournals.com

Consumer groups reach 'benefits' agreement, drop opposition to merger that includes St. Louis bank

December 3, 2021 | finance.yahoo.com

Investors in First Mid Bancshares (NASDAQ:FMBH) have made a favorable return of 40% over the past year

November 18, 2021 | nasdaq.com

First Mid Bancshares' (NASDAQ:FMBH) investors will be pleased with their notable 52% return over the last year

October 28, 2021 | finance.yahoo.com

First Mid-Illinois Bancshares (FMBH) Tops Q3 Earnings and Revenue Estimates

October 28, 2021 | finance.yahoo.com

First Mid Bancshares, Inc. Announces Third Quarter 2021 Results

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FMBH Company Calendar

Ex-Dividend for 6/1 Dividend: 5/17/2022
Dividend Payable: 6/01/2022
Last Earnings: 7/28/2022
Today: 8/16/2022
Ex-Dividend for 9/1 Dividend: 8/17/2022
Dividend Payable: 9/01/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:FMBH
CUSIP: N/A
CIK: 700565
Web: www.firstmid.com
Phone: (217) 234-7454
Fax: N/A
Employees: 1,050
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $45.00
High Stock Price Forecast: $45.00
Low Stock Price Forecast: $45.00
Forecasted Upside/Downside: +13.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.66
Trailing P/E Ratio: 10.80
Forward P/E Ratio: 10.40
P/E Growth: N/A
Net Income: $51.49 million
Net Margins: 25.93%
Pretax Margin: 33.81%
Return on Equity: 11.58%
Return on Assets: 1.17%

Debt

Debt-to-Equity Ratio: 0.78
Current Ratio: 0.86
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $252.78 million
Price / Sales: 3.20
Cash Flow: $4.73 per share
Price / Cash Flow: 8.36
Book Value: $35.04 per share
Price / Book: 1.13

Miscellaneous

Outstanding Shares: 20,455,000
Free Float: 18,491,000
Market Cap: $808.38 million
Optionable: Not Optionable
Beta: 0.85

Key Executives

Mr. Joseph R. Dively (Age 63)
Chairman, Pres & CEO
Comp: $1.33M
Mr. Matthew K. Smith CPA (Age 47)
Exec. VP & CFO
Comp: $588.38k
Mr. Michael L. Taylor (Age 53)
Sr. EVP & COO
Comp: $719.28k
Mr. Bradley L. Beesley (Age 50)
Exec. VP & Chief Wealth Management Officer
Comp: $615.4k
Mr. Eric S. McRae (Age 57)
Exec. VP & Chief Lending Officer
Comp: $761.51k
Mr. David R. Hiden (Age 59)
Sr. VP & Chief Information Officer
Mr. Jason M. Crowder (Age 51)
SVP & Gen. Counsel
Ms. Rhonda R. Gatons (Age 50)
Sr. VP & Chief HR Officer
Ms. Laurel G. Allenbaugh (Age 62)
Exec. VP & COO
Ms. Amanda D. Lewis (Age 42)
Exec. VP & Chief Deposit Services Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FMBH Stock - Frequently Asked Questions

Should I buy or sell First Mid Bancshares stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Mid Bancshares in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" FMBH shares.
View FMBH analyst ratings or view top-rated stocks.
What is First Mid Bancshares' stock price forecast for 2022?: 1 brokers have issued 1 year target prices for First Mid Bancshares' shares. Their FMBH share price forecasts range from $45.00 to $45.00. On average, they predict the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 13.9% from the stock's current price.
View analysts price targets for FMBH or view top-rated stocks among Wall Street analysts.
How have FMBH shares performed in 2022?: First Mid Bancshares' stock was trading at $42.79 at the start of the year. Since then, FMBH stock has decreased by 7.6% and is now trading at $39.52.
View the best growth stocks for 2022 here.
When is First Mid Bancshares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our FMBH earnings forecast.
How were First Mid Bancshares' earnings last quarter?: First Mid Bancshares, Inc. (NASDAQ:FMBH) announced its quarterly earnings data on Thursday, July, 28th. The bank reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by $0.01. The bank had revenue of $65.39 million for the quarter, compared to the consensus estimate of $65.63 million. First Mid Bancshares had a trailing twelve-month return on equity of 11.58% and a net margin of 25.93%.
How often does First Mid Bancshares pay dividends? What is the dividend yield for First Mid Bancshares?: First Mid Bancshares announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.23 per share on Thursday, September 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, August 17th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for FMBH.
Is First Mid Bancshares a good dividend stock?: First Mid Bancshares (NASDAQ:FMBH) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.25%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMBH will have a dividend payout ratio of 21.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FMBH.

What is Joe Dively's approval rating as First Mid Bancshares' CEO?: 15 employees have rated First Mid Bancshares Chief Executive Officer Joe Dively on Glassdoor.com. Joe Dively has an approval rating of 100% among the company's employees. This puts Joe Dively in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of First Mid Bancshares own?: Based on aggregate information from My MarketBeat watchlists, some companies that other First Mid Bancshares investors own include Exxon Mobil (XOM), Enbridge (ENB), NXP Semiconductors (NXPI), AbbVie (ABBV), Bristol-Myers Squibb (BMY), Harley-Davidson (HOG), International Business Machines (IBM), Lithia Motors (LAD), Altria Group (MO) and ONEOK (OKE).
What is First Mid Bancshares' stock symbol?: First Mid Bancshares trades on the NASDAQ under the ticker symbol "FMBH."
Who are First Mid Bancshares' major shareholders?: First Mid Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (1.75%), Kennedy Capital Management Inc. (1.26%), Northern Trust Corp (0.96%), Russell Investments Group Ltd. (0.33%), Citadel Advisors LLC (0.25%) and Sei Investments Co. (0.23%). Insiders that own company stock include David R Hiden, James Kyle Mccurry, Mary Westerhold, Ray A Sparks and Rhonda G Gatons.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is First Mid Bancshares' stock price today?: One share of FMBH stock can currently be purchased for approximately $39.52.
How much money does First Mid Bancshares make?: First Mid Bancshares (NASDAQ:FMBH) has a market capitalization of $808.38 million and generates $252.78 million in revenue each year. The bank earns $51.49 million in net income (profit) each year or $3.66 on an earnings per share basis.
How many employees does First Mid Bancshares have?: The company employs 1,050 workers across the globe.
How can I contact First Mid Bancshares?: First Mid Bancshares' mailing address is 1421 CHARLESTON AVENUE, MATTOON IL, 61938. The official website for the company is www.firstmid.com. The bank can be reached via phone at (217) 234-7454 or via email at aholt@firstmid.com.

This page (NASDAQ:FMBH) was last updated on 8/17/2022 by MarketBeat.com Staff

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First Mid Bancshares - FMBH Stock Forecast, Price & News

First Mid Bancshares MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month