First Mid Bancshares (FMBH) Expected to Announce Earnings on Thursday

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.82 per share and revenue of $58,980.00 billion for the quarter.

First Mid Bancshares Stock Down 1.4 %

FMBH traded down $0.51 during trading on Thursday, hitting $36.37. The company had a trading volume of 43,075 shares, compared to its average volume of 48,798. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $869.68 million, a PE ratio of 11.19 and a beta of 0.93. The firm's 50-day moving average price is $39.61 and its 200 day moving average price is $38.53. First Mid Bancshares has a one year low of $28.86 and a one year high of $43.86.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares's dividend payout ratio is presently 29.54%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FMBH shares. Piper Sandler lifted their price objective on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Friday, November 1st. DA Davidson lowered shares of First Mid Bancshares from a "buy" rating to a "neutral" rating and lifted their price target for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods boosted their price target on shares of First Mid Bancshares from $42.00 to $45.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Finally, Stephens cut First Mid Bancshares from an "overweight" rating to an "equal weight" rating in a report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.50.

Insider Buying and Selling at First Mid Bancshares

In other First Mid Bancshares news, Director James Edwin Zimmer acquired 1,000 shares of the company's stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $39.87 per share, for a total transaction of $39,870.00. Following the completion of the purchase, the director now directly owns 4,050 shares of the company's stock, valued at approximately $161,473.50. This represents a 32.79 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.70% 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.