Q4 Earnings Forecast for FMBH Issued By DA Davidson

First Mid Bancshares, Inc. (NASDAQ:FMBH) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of First Mid Bancshares in a report issued on Friday, November 1st. DA Davidson analyst J. Rulis forecasts that the bank will post earnings per share of $0.82 for the quarter. The consensus estimate for First Mid Bancshares’ current full-year earnings is $3.47 per share.

Several other analysts also recently commented on FMBH. Piper Sandler increased their price objective on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday. Keefe, Bruyette & Woods cut shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a report on Wednesday, October 2nd. Finally, Stephens boosted their price objective on shares of First Mid Bancshares from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.00.

First Mid Bancshares Trading Down 0.8 %

NASDAQ FMBH opened at $37.50 on Monday. The stock’s fifty day moving average price is $38.83 and its 200-day moving average price is $35.61. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.48. The stock has a market cap of $896.63 million, a P/E ratio of 11.54 and a beta of 0.89. First Mid Bancshares has a 12 month low of $28.86 and a 12 month high of $41.02.

First Mid Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.56%. First Mid Bancshares’s dividend payout ratio (DPR) is 29.54%.

Institutional Investors Weigh In On First Mid Bancshares

A number of large investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of First Mid Bancshares by 344.2% during the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after buying an additional 685 shares during the period. EntryPoint Capital LLC bought a new position in First Mid Bancshares in the first quarter valued at about $29,000. Price T Rowe Associates Inc. MD bought a new stake in shares of First Mid Bancshares during the 1st quarter valued at about $208,000. Choreo LLC lifted its stake in shares of First Mid Bancshares by 17.9% in the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after purchasing an additional 1,149 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of First Mid Bancshares by 29.9% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 9,927 shares of the bank’s stock worth $386,000 after buying an additional 2,285 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

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.