Q4 Earnings Forecast for FMBH Issued By DA Davidson

First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of First Mid Bancshares in a note issued to investors on Friday, November 1st. DA Davidson analyst J. Rulis forecasts that the bank will earn $0.82 per share for the quarter. The consensus estimate for First Mid Bancshares' current full-year earnings is $3.47 per share.

A number of other analysts have also recently commented on the stock. Piper Sandler boosted 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. Keefe, Bruyette & Woods lowered shares of First Mid Bancshares from an "outperform" rating to a "market perform" rating and set a $42.00 price objective on the stock. in a research note on Wednesday, October 2nd. Finally, Stephens raised their target price on shares of First Mid Bancshares from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $41.00.

First Mid Bancshares Stock Down 0.8 %

Shares of NASDAQ FMBH traded down $0.31 during mid-day trading on Monday, hitting $37.50. 54,573 shares of the stock traded hands, compared to its average volume of 57,284. The company has a market cap of $896.63 million, a price-to-earnings ratio of 11.54 and a beta of 0.89. The stock has a fifty day moving average price of $38.83 and a 200-day moving average price of $35.61. First Mid Bancshares has a 52 week low of $28.86 and a 52 week high of $41.02. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its earnings results on Thursday, August 1st. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.05. The firm had revenue of $79.19 million during the quarter, compared to analyst estimates of $78.25 million. First Mid Bancshares had a return on equity of 10.56% and a net margin of 17.32%.

Hedge Funds Weigh In On First Mid Bancshares

A number of hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of First Mid Bancshares by 2.2% during the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank's stock valued at $998,000 after acquiring an additional 650 shares during the last quarter. CWM LLC grew its position in First Mid Bancshares by 344.2% in the 2nd quarter. CWM LLC now owns 884 shares of the bank's stock worth $29,000 after purchasing an additional 685 shares during the period. EntryPoint Capital LLC bought a new stake in First Mid Bancshares in the 1st quarter worth approximately $29,000. Rhumbline Advisers raised its stake in First Mid Bancshares by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 33,272 shares of the bank's stock valued at $1,094,000 after buying an additional 1,049 shares during the last quarter. Finally, Choreo LLC lifted its holdings in shares of First Mid Bancshares by 17.9% during the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank's stock valued at $246,000 after buying an additional 1,149 shares during the period. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be issued a $0.24 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.96 annualized dividend and a yield of 2.56%. First Mid Bancshares's dividend payout ratio (DPR) is presently 29.54%.

About First Mid Bancshares

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.