Equities Analysts Set Expectations for FMBH FY2025 Earnings

First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) - Analysts at DA Davidson boosted their FY2025 EPS estimates for shares of First Mid Bancshares in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $3.60 per share for the year, up from their prior forecast of $3.44. DA Davidson 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 $3.56 per share.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%.

Other research analysts have also issued research reports about the stock. Piper Sandler upped their price objective on shares of 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 price objective 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 restated an "equal weight" rating and issued a $43.00 target price on shares of First Mid Bancshares in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, First Mid Bancshares currently has a consensus rating of "Hold" and a consensus price target of $43.40.

First Mid Bancshares Stock Performance

NASDAQ:FMBH traded down $0.53 during trading hours on Thursday, hitting $37.40. 38,057 shares of the company traded hands, compared to its average volume of 55,503. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $894.23 million, a price-to-earnings ratio of 11.37 and a beta of 0.93. The firm has a 50-day moving average of $38.46 and a 200 day moving average of $38.86. First Mid Bancshares has a twelve month low of $28.86 and a twelve month high of $43.86.

First Mid Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.57%. First Mid Bancshares's dividend payout ratio (DPR) is presently 29.18%.

Insider Activity at First Mid Bancshares

In other First Mid Bancshares news, Director James Edwin Zimmer bought 1,000 shares of the business's stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $39.87 per share, for a total transaction of $39,870.00. Following the transaction, the director now owns 4,050 shares in the company, valued at approximately $161,473.50. This trade represents a 32.79 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On First Mid Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC boosted its position in 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 purchasing an additional 900 shares during the last quarter. BNP Paribas Financial Markets increased its position in First Mid Bancshares by 33.6% during the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank's stock worth $233,000 after acquiring an additional 1,510 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of First Mid Bancshares by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank's stock worth $738,000 after purchasing an additional 2,028 shares during the period. New York State Teachers Retirement System acquired a new position in First Mid Bancshares in the 4th quarter valued at $76,000. Finally, Quantbot Technologies LP bought a new position in shares of First Mid Bancshares in the third quarter worth $84,000. Institutional investors own 47.57% of the company's stock.

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.