What is DA Davidson’s Estimate for FMBH FY2025 Earnings?

First Mid Bancshares, Inc. (NASDAQ:FMBH) – Stock analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for First Mid Bancshares in a research report issued on Tuesday, January 28th. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $3.60 per share for the year, up from their previous estimate of $3.44. DA Davidson currently has a “Neutral” rating and a $47.00 target price on the stock. The consensus estimate for First Mid Bancshares’ current full-year earnings is $3.42 per share.

First Mid Bancshares (NASDAQ:FMBH) last announced its earnings results on Thursday, January 23rd. The bank reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a return on equity of 10.38% and a net margin of 17.32%.

A number of other research analysts also recently weighed in on FMBH. Keefe, Bruyette & Woods increased their target price 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. Piper Sandler lifted their target price on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Stephens restated an “equal weight” rating and set a $43.00 price target on shares of First Mid Bancshares in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $43.40.

First Mid Bancshares Trading Down 0.3 %

NASDAQ FMBH opened at $38.02 on Thursday. First Mid Bancshares has a 12 month low of $28.86 and a 12 month high of $43.86. The stock has a market cap of $909.06 million, a P/E ratio of 11.70 and a beta of 0.93. The stock’s fifty day moving average price is $38.65 and its 200-day moving average price is $38.83. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.52%. First Mid Bancshares’s payout ratio is currently 29.54%.

Insider Buying and Selling at First Mid Bancshares

In related news, Director James Edwin Zimmer purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $39.87 per share, with a total value of $39,870.00. Following the completion of the acquisition, the director now owns 4,050 shares in the company, valued at $161,473.50. This trade represents a 32.79 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in First Mid Bancshares by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock valued at $25,584,000 after buying an additional 36,769 shares in the last quarter. Renaissance Technologies LLC raised its stake in First Mid Bancshares by 27.5% in the second quarter. Renaissance Technologies LLC now owns 13,000 shares of the bank’s stock valued at $427,000 after buying an additional 2,800 shares in the last quarter. AQR Capital Management LLC raised its stake in First Mid Bancshares by 106.4% in the second quarter. AQR Capital Management LLC now owns 31,333 shares of the bank’s stock valued at $1,030,000 after buying an additional 16,150 shares in the last quarter. Creative Planning raised its stake in First Mid Bancshares by 2.1% in the second quarter. Creative Planning now owns 106,397 shares of the bank’s stock valued at $3,498,000 after buying an additional 2,186 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of First Mid Bancshares by 44.6% during the third quarter. SG Americas Securities LLC now owns 12,006 shares of the bank’s stock worth $467,000 after purchasing an additional 3,703 shares in the last quarter. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

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.