DA Davidson Has Negative Outlook for FMBH FY2025 Earnings

First Mid Bancshares, Inc. (NASDAQ:FMBH) – Analysts at DA Davidson lowered their FY2025 earnings per share estimates for First Mid Bancshares in a note issued to investors on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $3.44 for the year, down from their previous forecast of $3.45. DA Davidson currently has a “Neutral” rating and a $47.00 price target on the stock. The consensus estimate for First Mid Bancshares’ current full-year earnings is $3.41 per share.

A number of other equities research analysts have also weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens cut First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Finally, Piper Sandler boosted their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.50.

First Mid Bancshares Stock Up 0.9 %

FMBH stock opened at $37.90 on Friday. First Mid Bancshares has a one year low of $28.86 and a one year high of $43.86. 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 has a fifty day moving average of $40.56 and a 200-day moving average of $37.76. The stock has a market capitalization of $906.26 million, a PE ratio of 11.66 and a beta of 0.91.

Hedge Funds Weigh In On First Mid Bancshares

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in First Mid Bancshares by 2.2% in the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock valued at $998,000 after purchasing an additional 650 shares during the last quarter. CWM LLC lifted its stake in shares of First Mid Bancshares by 344.2% during 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. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of First Mid Bancshares by 1.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock worth $3,459,000 after purchasing an additional 900 shares during the last quarter. Rhumbline Advisers grew its position in shares of First Mid Bancshares by 3.3% in the second quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock valued at $1,094,000 after purchasing an additional 1,049 shares during the period. Finally, Choreo LLC grew its position in shares of First Mid Bancshares by 17.9% in the second quarter. Choreo LLC now owns 7,568 shares of the bank’s stock valued at $246,000 after purchasing an additional 1,149 shares during the period. Hedge funds and other institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.53%. First Mid Bancshares’s dividend payout ratio is currently 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.