First Mid Bancshares (NASDAQ:FMBH) Posts Earnings Results, Beats Expectations By $0.05 EPS

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.05, Zacks reports. First Mid Bancshares had a net margin of 17.32% and a return on equity of 10.38%.

First Mid Bancshares Stock Performance

Shares of FMBH stock traded up $1.02 during mid-day trading on Thursday, hitting $37.62. The stock had a trading volume of 93,254 shares, compared to its average volume of 50,711. First Mid Bancshares has a fifty-two week low of $28.86 and a fifty-two week high of $43.86. The firm has a market cap of $899.49 million, a PE ratio of 11.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The company's 50-day simple moving average is $39.08 and its 200-day simple moving average is $38.68.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares's dividend payout ratio (DPR) is presently 29.54%.

Insider Transactions at First Mid Bancshares

In other First Mid Bancshares news, Director James Edwin Zimmer bought 1,000 shares of the company's stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $39.87 per share, for a total transaction of $39,870.00. Following the acquisition, the director now owns 4,050 shares of the company's stock, valued at $161,473.50. The trade was a 32.79 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 7.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FMBH shares. DA Davidson cut shares of First Mid Bancshares from a "buy" rating to a "neutral" rating and upped their target price for the company from $44.00 to $47.00 in a report on Tuesday, November 12th. Piper Sandler upped their target price 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. Keefe, Bruyette & Woods increased 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 note on Wednesday, December 4th. Finally, Stephens cut shares of First Mid Bancshares from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.50.

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.