DA Davidson Has Negative Outlook of FMBH FY2025 Earnings

First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) - Analysts at DA Davidson dropped their FY2025 EPS estimates for shares of First Mid Bancshares in a report released on Thursday, December 19th. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $3.44 per share for the year, down from their prior estimate of $3.45. DA Davidson currently has a "Neutral" rating and a $47.00 price objective on the stock. The consensus estimate for First Mid Bancshares' current full-year earnings is $3.41 per share.

Several other equities analysts have also recently issued reports on the company. Piper Sandler lifted their price target on First Mid Bancshares from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods lifted their target price on First Mid Bancshares from $42.00 to $45.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Stephens cut shares of First Mid Bancshares from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.50.

First Mid Bancshares Price Performance

NASDAQ:FMBH traded up $0.35 during midday trading on Friday, hitting $37.90. 144,637 shares of the stock were exchanged, compared to its average volume of 58,537. The company has a market capitalization of $906.26 million, a price-to-earnings ratio of 11.66 and a beta of 0.91. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. First Mid Bancshares has a one year low of $28.86 and a one year high of $43.86. The business has a 50-day moving average price of $40.56 and a two-hundred day moving average price of $37.76.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FMBH. Franklin Resources Inc. acquired a new position in First Mid Bancshares in the 3rd quarter worth approximately $566,000. Barclays PLC lifted its holdings in shares of First Mid Bancshares by 327.6% in the third quarter. Barclays PLC now owns 34,347 shares of the bank's stock valued at $1,337,000 after purchasing an additional 26,315 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of First Mid Bancshares by 7.3% in the third quarter. Wellington Management Group LLP now owns 387,926 shares of the bank's stock worth $15,094,000 after buying an additional 26,560 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of First Mid Bancshares by 1.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank's stock valued at $3,459,000 after buying an additional 900 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of First Mid Bancshares during the third quarter valued at $213,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, November 14th. First Mid Bancshares's dividend payout ratio is 29.54%.

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.