First Mid Bancshares (NASDAQ:FMBH) Announces Quarterly Earnings Results

First Mid Bancshares (NASDAQ:FMBH) issued its quarterly earnings data on Thursday. The bank reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05, Zacks reports. First Mid Bancshares had a return on equity of 10.38% and a net margin of 17.32%.

First Mid Bancshares Stock Performance

Shares of FMBH opened at $36.32 on Thursday. First Mid Bancshares has a 1 year low of $28.86 and a 1 year high of $43.86. The stock has a market capitalization of $868.41 million, a P/E ratio of 11.25 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The company’s fifty day moving average is $39.08 and its two-hundred day moving average is $38.68.

First Mid Bancshares Announces Dividend

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

Insider Transactions 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 dated Thursday, December 19th. The stock was acquired at an average cost of $39.87 per share, with a total value of $39,870.00. Following the purchase, the director now owns 4,050 shares in the company, valued at approximately $161,473.50. This represents a 32.79 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FMBH shares. Piper Sandler raised their price target on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. DA Davidson lowered shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their target price for the stock from $44.00 to $47.00 in a research report on Tuesday, November 12th. Stephens downgraded shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Finally, 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, First Mid Bancshares presently has an average rating of “Moderate Buy” and an average price target of $42.50.

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.