DA Davidson Has Negative Forecast for FMBH FY2025 Earnings

First Mid Bancshares, Inc. (NASDAQ:FMBH) – Research analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of First Mid Bancshares in a research note issued on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $3.44 per share for the year, down from their previous estimate of $3.45. DA Davidson 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 brokerages have also issued reports on FMBH. Piper Sandler lifted their target price on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Stephens lowered 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 objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

First Mid Bancshares Price Performance

Shares of FMBH stock opened at $37.90 on Friday. The firm has a fifty day simple moving average of $40.56 and a 200-day simple moving average of $37.76. The company has a market capitalization of $906.26 million, a PE ratio of 11.66 and a beta of 0.91. First Mid Bancshares has a twelve month low of $28.86 and a twelve month high of $43.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FMBH. SG Americas Securities LLC boosted 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 buying an additional 3,703 shares during the period. Victory Capital Management Inc. grew its holdings in First Mid Bancshares by 2.2% during the second quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock worth $998,000 after acquiring an additional 650 shares during the period. AQR Capital Management LLC raised its position 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 worth $1,030,000 after acquiring an additional 16,150 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in First Mid Bancshares by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 118,048 shares of the bank’s stock valued at $3,881,000 after acquiring an additional 7,849 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of First Mid Bancshares by 1.0% in the 3rd 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. Institutional investors own 47.57% of the company’s stock.

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 annualized dividend and a yield of 2.53%. First Mid Bancshares’s dividend payout ratio is presently 29.54%.

First Mid Bancshares Company Profile

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.