First Mid Bancshares (FMBH) Stock Price, News & Analysis

Company Overview

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. It also offers wealth management services, which include estate planning, investment, and farm management and brokerage services for individuals; employee benefit services for businesses; and farm management and brokerage services. In addition, the company provides property and casualty, senior insurance products, and group medical insurance for businesses; and personal lines insurance to individuals. 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.

Key Stats

• Today's Range: $41.56 to $42.55
• 50-Day Range: $36.85 to $43.25
• 52-Week Range: $28.86 to $43.52
• Volume: 7,745 shs
• Average Volume: 57,972 shs
• Market Capitalization: $1.02 billion
• P/E Ratio: 13.09
• Dividend Yield: 2.26%
• Price Target: $42.00
• Consensus Rating: Moderate Buy

First Mid Bancshares Stock Analysis - MarketRank™

First Mid Bancshares scored higher than 39% of companies evaluated by MarketBeat, and ranked 662nd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

First Mid Bancshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

First Mid Bancshares has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for First Mid Bancshares are expected to remain at $3.42 per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Mid Bancshares is 12.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Mid Bancshares is 12.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.55.

Price to Book Value per Share Ratio

First Mid Bancshares has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.59% of the outstanding shares of First Mid Bancshares have been sold short.

Short Interest Ratio / Days to Cover

First Mid Bancshares has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Mid Bancshares has recently decreased by 10.27%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

First Mid Bancshares pays a meaningful dividend of 2.33%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

First Mid Bancshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of First Mid Bancshares is 29.54%. 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 28.07% next year. This indicates that First Mid Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.59% of the outstanding shares of First Mid Bancshares have been sold short.

Short Interest Ratio / Days to Cover

First Mid Bancshares has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Mid Bancshares has recently decreased by 10.27%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

MarketBeat Follows

1 people have added First Mid Bancshares to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, First Mid Bancshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,112.00 in company stock.

Percentage Held by Insiders

Only 7.70% of the stock of First Mid Bancshares is held by insiders.

Percentage Held by Institutions

47.57% of the stock of First Mid Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FMBH Stock Analysis - Frequently Asked Questions

How have FMBH shares performed this year?

First Mid Bancshares' stock was trading at $34.66 at the beginning of the year. Since then, FMBH shares have increased by 19.4% and is now trading at $41.37.
View the best growth stocks for 2024 here.

How were First Mid Bancshares' earnings last quarter?

First Mid Bancshares, Inc. (NASDAQ:FMBH) released its quarterly earnings data on Wednesday, October, 27th. The bank reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.17. The bank had revenue of $61.86 million for the quarter, compared to the consensus estimate of $61.80 million. First Mid Bancshares had a trailing twelve-month return on equity of 10.38% and a net margin of 17.32%.

Who are First Mid Bancshares' major shareholders?

Top institutional shareholders of First Mid Bancshares include Geode Capital Management LLC (2.15%), State Street Corp (2.14%), Wellington Management Group LLP (1.62%) and The Manufacturers Life Insurance Company (0.93%). Insiders that own company stock include Clay M Dean, Bradley L Beesley, James Kyle Mccurry and Todd J James.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First Mid Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Mid Bancshares investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 10/27/2021
• Ex-Dividend for 8/30 Dividend: 8/16/2024
• Dividend Payable: 8/30/2024
• Ex-Dividend for 11/29 Dividend: 11/14/2024
• Today: 11/21/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:FMBH
• CUSIP: N/A
• CIK: 700565
• Web: www.firstmid.com
• Phone: (217) 234-7454
• Fax: N/A
• Employees: 1,219
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $42.00
• High Stock Price Target: $47.00
• Low Stock Price Target: $35.00
• Potential Upside/Downside: +1.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.25
• Trailing P/E Ratio: 12.73
• Forward P/E Ratio: 12.10
• P/E Growth: N/A
• Net Income: $68.93 million
• Net Margins: 17.32%
• Pretax Margin: 22.42%
• Return on Equity: 10.38%
• Return on Assets: 1.11%

Debt

• Debt-to-Equity Ratio: 0.41
• Current Ratio: 0.91
• Quick Ratio: 0.91

Sales & Book Value

• Annual Sales: $386.95 million
• Price / Sales: 2.56
• Cash Flow: $3.84 per share
• Price / Cash Flow: 10.78
• Book Value: $35.90 per share
• Price / Book: 1.15

Miscellaneous

• Outstanding Shares: 23,910,000
• Free Float: 22,071,000
• Market Cap: $989.16 million
• Optionable: Optionable
• Beta: 0.89