First Mid Bancshares (FMBH) Projected to Post Earnings on Thursday

First Mid Bancshares (NASDAQ:FMBH) will likely be posting its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect First Mid Bancshares to post earnings of $0.82 per share and revenue of $58,980.00 billion for the quarter.

First Mid Bancshares Stock Up 1.8 %

FMBH opened at $36.88 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. The stock has a market cap of $881.87 million, a price-to-earnings ratio of 11.35 and a beta of 0.93. The company’s 50-day moving average price is $39.74 and its two-hundred day moving average price is $38.54. First Mid Bancshares has a twelve month low of $28.86 and a twelve month high of $43.86.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio is currently 29.54%.

Insider Transactions at First Mid Bancshares

In other First Mid Bancshares news, Director James Edwin Zimmer acquired 1,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $39.87 per share, with a total value of $39,870.00. Following the transaction, the director now owns 4,050 shares of the company’s stock, valued at $161,473.50. The trade was a 32.79 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 7.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on FMBH shares. Piper Sandler increased 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. Stephens lowered shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods lifted their target price 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. Finally, DA Davidson downgraded First Mid Bancshares from a “buy” rating to a “neutral” rating and increased their target price for the stock from $44.00 to $47.00 in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus 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.