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

First Mid Bancshares (NASDAQ:FMBH) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.82 per share and revenue of $58,980.00 billion for the quarter.

First Mid Bancshares Stock Performance

NASDAQ 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. First Mid Bancshares has a twelve month low of $28.86 and a twelve month high of $43.86. The business has a 50-day moving average price of $39.74 and a 200-day moving average price of $38.54. The firm has a market cap of $881.87 million, a price-to-earnings ratio of 11.35 and a beta of 0.93.

First Mid Bancshares Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stephens lowered shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods upped their target price on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson lowered First Mid Bancshares from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $44.00 to $47.00 in a research report on Tuesday, November 12th. Finally, Piper Sandler boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Insider Activity

In other First Mid Bancshares news, Director James Edwin Zimmer purchased 1,000 shares of First Mid Bancshares stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $39.87 per share, for a total transaction 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 represents a 32.79 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.70% of the company’s stock.

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.